Greed - How much is enough?

For some like the Koch brothers there is never enough, and provide a perfect reason why the ‘Hostile Profit/Prophet exists; environmental, economic and ethical abuses all in one example. While the conscientious are trying to green the environment and save the planet the Koch bros demand a tax on the sun ow.ly/3khVxs    and these idiots in Oklahoma go along with this insanity. Most utilities not only welcome solar supplements from private parties to their grid, they offer subsidies, grants etc. This is because they have reached the capacity they were designed for in normal use, to provide increased capacity for increasing peak demand utilities have to choose between building more infrastructure or acquire less expensive and environmentally friendly energy from other sources. While most utilities take option #2, the Kochs have convinced Oklahomans that these alternate sources should be charged for using the grid to distribute their power, they want to tax the sun so the dirty petroleum they peddle will seem more attractive. My guess is that the Kochs appealed to the Okies fear that somehow going green would threaten their traditionally petroleum based economy. Texans while no greener than Okies by disposition welcome the opportunity to make money in addition to petroleum business not instead of, solar and wind farms everywhere.

The House Edge

When the FEDs came looking to prosecute those who knowingly profited from toxic transactions many escaped on the basis that they were doing their jobs, making money for their shareholders and boards of directors and did not have direct involvement with toxic transactions. Some have gone to jail, some have had to repay what they stole but all in all this hasn’t changed the attitude of greed and com-modify anything to make a buck, conscionable or not.
Check out this link nyti.ms/14RbU4I  to ‘Wall St. Exploits Ethanol Credits, Prices Spike’.
If this makes you cringe and want to run in the other direction, there are lots of opportunities to invest in peer to peer and crowd sourcing ventures with good returns, conscionable and maybe even fun.

FYI #1

To those who have stopped by to check out ‘Hostile Profit’ thank you. The only direct links to here that I know of are from ‘Friends of the Second Marsh’ and ‘Barry U @Gazorble’ on Twitter. This post is intended to let readers know what has happened, what is happening now and what I hope to have happen in the future.
This blog and Twitter were this introvert's first attempts at social networking and sharing by putting out there and see what comes back. The first post ‘Mad as Hell’ says it all in a general way – fed up with economic, environmental and ethical abuses. The second post ‘Economics, Ethics and Ethanol’ was written as a direct response to the overwhelmingly bad idea of putting an ethanol plant next to a nature preserve. I think this idea died of embarrassment but nothing official so I’ll leave the ethanol posts where they are for future reference.
I am presently building a new web site for my pictures and all things related to visual and digital. I will have this blog hosted within that site with a greater focus on economics, ethics and how we can use our dollars and votes to combat greed and establish a new social contract that works for now. I hope you will return when more interactive and share your feedback. Thanks again for visiting.

The Secret - Dirty Cost of Clean Energy

Green energy drive comes with an unadvertised environmental cost the consequences of which are so severe that environmentalists and many scientists have now rejected corn-based ethanol as bad environmental policy.


http://feedproxy.google.com/%7Er/businessinsider/%7E3/CucWzUX_7u0/the-secret-dirty-cost-of-obamas-gr

The Numbers are in Ethanol Multi Billion Net Loss and Environmental Harm

The resources diverted to the agricultural-industrial complex to produce ethanol from corn to drive vehicles would have been better employed producing nutritious food for the world's hungry people.
ow.ly/pQPyx 
Based on the above, the subsidy-laden, corn-to-ethanol program, beneficial to farmers and their suppliers, ethanol plant builders and owners, and politicians, appears to degenerate into a multi-billion net loss for the rest of society, and to inflict a net harm to the environment. It appears to be a make-work program for the agricultural-industrial complex.

Nothing From Something

Problem – Greed
Wall St. is at it again creating nothing from something and selling it to idiots who are too greedy to see what is in their best interest. This time it’s a derivative based on Ethanol Credits (RIN numbers). Check out the link http://t.co/39Xg4jVKn1  Consumers will pay their price at the pumps.

Solution – Better Ways
Microbes work to turn waste water into electricity.
http://www.scientificamerican.com/podcast/episode.cfm?id=microbe-battery-makes-wastewater-wo-13-09-18

Think About It

"The wages of sin may be high but don't meet the cost of living." - The Hostile Prophet

"Doing the right thing doesn't automatically bring success. But compromising ethics almost always leads to failure." - Vivek Wadhwa

"The Major Problems Of The World Are The Difference Between How Nature Works And How People Think." - Gregory Bateson

“The reason we don’t find solutions to our problems is because the answers to our questions interfere with our concepts” - John Caswell

Concept of Shame/Honor – Owning Actions
Regardless of politics, the G20 in Toronto was an exercise in cowardice by both sides. It really concerns me –that some protesters wore masks and hoods, some police took off their badges so they couldn’t be identified. Is this because they don’t believe in what they are doing, that they are ashamed and won’t own their actions?

Life begins at the end of our comfort zone.

7 Blunders of the World

"Seven Blunders of the World"

1. Wealth without work
2. Pleasure without conscience
3. Knowledge without character
4. Commerce without morality
5. Science without humanity
6. Worship without sacrifice
7. Politics without principle

—Mahatma Gandhi

Colin Carrie MP, Ostrich or Turkey?

In reference to the article ‘Mayor Meets May’ in the April 3^rd edition (Oshawa Express) you quote Colin Carrie MP – in a previous letter that the decision to build the plant (Ethanol) was solely that of the OPA (OshawaPort Authority) “The Federal Government had no part in selecting or recommending the port as a potential biofuels facility,” “I am really disappointed that groups who are aware of these facts are intentionally misrepresenting them for their own political gain.” I couldn’t believe it, is he that much of a turkey (a bird so full of sh*t  that it can’t fly) or maybe an ostrich with his head so far down where the sun don’t shine that he can’t see the light of day?
The Oshawa Port Authority is under the auspices/jurisdiction of Transport Canada i.e. the federal government, five of the seven board members are appointed by the federal transport minister. Three members of the federal government sit on the board and ‘Farm Tech’ (by collusion) thus four out of seven OPA board members have a direct vested interest in seeing an ethanol plant proceed.  For Mr. Carrie to say ‘The Federal Government had no part in selecting or recommending the port’ is just a crock.
I didn’t vote in the last election because I wasn’t happy with the selection of candidates, my mistake, it won’t happen again. Next election I will vote and it won’t be for Colin Carrie.

Economics, Ethics and Ethanol

Incompetence, Ignorance or Scam

One would have to be incompetent, ignorant or corrupt to not know that building an industry next to a nature preserve is fundamentally wrong. With that said I feel there is a scam being perpetrated on the people of Oshawa, Durham Region and all Taxpayers by the federal gov't and individuals with a vested interest to build an Ethanol plant in the backyard of an unwilling host (there is a willing host).
I've done some research, the farm equipment required to plant the corn doesn't run on ethanol, the trucks that truck the corn and fuel don't run on ethanol, growing corn depletes the land, tying the price of fuel to food will drive up the cost of corn and fructose corn syrup (packaged prepared foods). As far as I can tell the major reason it is legislated in the U.S. is to save the gov't money by not having to pay farmers subsidies for not growing corn.
Why is that municipal, provincial, state and federal governments spend a fortune re-mediating waterfronts from industrialization that our government Transport Canada (Port Authority) wants to industrialize next to a provincial park and recreational waterfront?
To Quote Transport Canada,
Recommendations for the Future of Oshawa Harbour,                                                                                 Report by The Honourable David Crombie, P.C., O.C. February 21, 2008
Gifford Farm Lands
“The so-called Gifford Farm Lands provide a valuable physical barrier separating and, in effect, containing the industrial activities of the Port of Oshawa to the west from the environmentally sensitive marshlands to the east, known as Second Marsh.
The City should be mindful of the importance of that buffer-zone role in preserving a balanced waterfront, when considering the possible benefit of future development of these lands.”
The city of Oshawa is mindful of the importance ‘of that buffer zone’ rather those that were responsible for the report, Transport Canada (Port Authority) that is mindless.
Still not sure if its incompetence, ignorance or scam? Check out the following:
The first link is to Olivia Chow's appeal to the Ethics Commissioner to probe the procedure - the commissioner didn't see any collusion even though Farm Tech sits on the Port Authority board. The second link is to a story that broke in the U.S. about scamming the system RINs (Renewable Identification Numbers) for ethanol credits which were falsified and never delivered. The third link is for the original story from CBC about a train load of ethanol being repeatedly shipped back and forth without ever being unloaded with the knowing participation of CNR.
1. www.cbc.ca/news/politics/story/2012/09/19/pol-oshawa-port-ethanol-flaherty-ethics-commissioner.html
2. www.testosteronepit.com/home/2012/12/20/the-biofuel-subsidy-scams.html
3. www.cbc.ca/news/canada/story/2012/12/19/mystery-biodiesel-train-credits.html
Is it possible in the wake of the gas plant fiasco in Oakville that this is all a scam which will cost tax payers another fortune to not go ahead with the project? Is it preventable?
Is it incompetence, ignorance or scam? I fear the worst, all three.