Wednesday, May 2, 2007

EJ 2007 Conference Videos


2 comments:

Jay Drai said...

INCREASING COST OF ENERGY and INFLATED FRAUDULENT BILLING

It is not enough that consumers are paying higher cost for energy – Gas, Electric, Tel., Etc.
Due to the market volatility and the increase demand for energy worldwide and the manipulation of market conditions by various corporation.
Deregulation, which was designed to save the consumer on the cost of energy. Many new companies have started selling gas and electric in the past 20 years, as a result of this deregulation. We now have numerous deregulated third party suppliers of Gas and Electric that are gouging the consumers – billing prices higher than the regulated utility companies, inflating the bill, billing for product never delivered, billing phantom tax on the product, reneging on fixed price contract – when market prices go beyond the fixed contract. In short any way they can cheat, deceive and defraud the consumer is fair game.
Among the companies that practice such tactics is MULTIUT CORP or Multiut LLC of Skokie, Illinois the owner of the company Nachshon Draiman is well connected, one of the previous owners of Multiut was a federal judge and therefore has gotten away with numerous over billing and deceptive practices, there are numerous lawsuits for fraud pending against Multiut Corp and its owner Nachshon Draiman among them a Class Action Suit and Dynegy Mkg & Trade v. Multiut Corp, Nachshon Draiman et al 1:02-cv-07446 The Federal Court has imposed numerous contempt orders against Multiut and its owner and its owner Nachshon Draiman is involved in numerous other fraud in the Nursing Home business (defrauding the state Nursing License with false documents to obtain a Nursing Home License) and a hotel project where he committed a fraud of $45 million dollars and numerous other fraud and deception too numerous to mention. (Especially since Multiut and its owner Nachshon Draiman is represented by Jack Abramoff Law Firm – which has clout).
Another Company is Santana Energy out of Texas. Some utility companies were forced to refund the consumers hundreds of million of dollars due to manipulation of pricing and billing – many of those shenanigans stem from the Enron debacle some precede it and continue on to date.
Many of these suppliers of Gas and Electric who are promoting saving are actually charging higher prices than the local utility company which defeats the intent of deregulation – Multiut’s billing shows 20% to 30% higher cost and billing for gas that was never delivered. Not to mention Multiut’s billing for non existent City of Chicago Tax on Natural gas and inflated billing for lighting retrofit to various Nursing Homes which inflates the Medicaid billing to the government.
Corporate CEO and other higher ups in the corporate world have been convicted of fraud and sentenced/fined (WorldCom, Enron, Adelphia, Etc.). But it seems that some companies can continue to defraud the public without being hindered by the authorities.
Other frauds by Gas Electric suppliers are: Centerpoint Energy Inc.,
Pending lawsuits are: AG files fraud suit against Sempra affiliate alleging Enron-like games.
JD
This article is presented by Citizen for Honest and Fair Billing

PS
THREE FORMER NICOR ENERGY EXECUTIVES AND OUTSIDE
LAWYER INDICTED IN ALLEGED CORPORATE FRAUD SCHEME

CHICAGO -- Three former executives of Nicor Energy L.L.C. and an outside lawyer for the Lisle, Ill.-based company were indicted today for allegedly engaging in a corporate fraud scheme to obtain $400,000 in bonuses and other benefits for themselves by inflating revenues - at times by as much as $6 million - and understating expenses to make the company appear more profitable than it actually was in 2001. The defendants allegedly fraudulently deprived Nicor Energy - a retail energy marketing company established in 1997 as a 50/50 joint venture by Nicor Inc. and Dynegy Inc. - of their honest services and caused a loss to investors in publicly-traded Nicor, Inc. and Dynegy. On July 18, 2002, Nicor Inc. issued a press release announcing that its financial results for the second quarter and first half of 2002 were negatively affected by several factors, including irregularities in accounting at Nicor Energy, and the following day, the stock price of Nicor Inc. fell approximately 40 percent. Nicor Energy is currently in the process of final liquidation.

The five-count indictment returned by a federal grand jury charges Kevin Stoffer, formerly Nicor Energy's President and Chief Executive Officer; Andrew Johnson, former Director of Financial Services; John Fringer, former Vice President of Major Markets and Power Services; and outside counsel Michael Munson, announced Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois
MADIGAN, DALEY ANNOUNCE $196 MILLION SETTLEMENT WITH PEOPLES ENERGY; CUSTOMERS OF PEOPLES GAS AND NORTH SHORE GAS TO RECEIVE $100 MILLION IN CREDITS
Chicago – Attorney General Lisa Madigan and Mayor Richard M. Daley today announced that Peoples Energy has agreed to more than $196 million in consumer credits and benefits as part of a settlement that will provide much-needed relief to current Peoples Gas and North Shore Gas customers, establish a more than $25 million program of conservation and weatherization assistance for low- and moderate-income households and reconnect customers who have been disconnected from their heating services due to an inability to pay the high gas prices.
MADIGAN, DALEY, CUB ANNOUNCE REFUND CREDITS TO APPEAR ON NEXT GAS BILL FOR CUSTOMERS OF PEOPLES GAS AND NORTH SHORE GAS
Chicago — Attorney General Lisa Madigan, City of Chicago Mayor Richard M. Daley and Citizens Utility Board (CUB) Executive Director David Kolata today announced that as a result of their settlement agreement with Peoples Energy more than one million current customers of Peoples Gas and North Shore Gas will see refund credits on their next gas bills.
To compensate for over billing consumers between 2000 and 2004, Peoples Energy has agreed to provide a refund credit to each of the 1,014,071 current customers of Peoples Gas and North Shore Gas. The credits – totaling $100 million – will be included on the first bill received by customers after April 24.
“These refund credits cannot change the conduct of Peoples Energy, but they will help consumers who suffered as a result,” Madigan said. “This is an appropriate response to Peoples' conduct.”
“We are pleased that consumers are finally receiving the refunds that they deserve,” said City of Chicago Corporation Counsel Mara Georges. “Consumers should not have to pay for bad planning and business decisions by Peoples Gas.”
WEDNESDAY, JUNE 13, 2007
Justice Department Investigating NY Energy Markets
New York's wholesale energy market is being investigated for possible antitrust violations, according to a recent news report. A Newsday story indicates that a subject of the investigation may be possible withholding of capacity from the market, to drive prices up. This revelation has raised further questions regarding the proposed merger of National Grid and Keyspan, which controls significant amounts of generation capacity in the New York City markets.
2007.08.13

Yehuda Draiman said...

AMERICANS INSATIABLE THIRST FOR ENERGY MUST BE MODERATED R5.
By Yehuda Draiman, Energy Development Specialist

As you know, many serious problems are associated with our insatiable thirst for energy. The reason is simple: To gain the energy we must burn the fuels. The combustion, by the way quite inefficient, causes huge gaseous emissions polluting the air and forming an invisible screen responsible for the famous “ green house effect ”, i.e., blocking the dissipation of heat and thus causing the feared warming up of our planet, with deadly consequences for nature and man.
There is only a finite amount of oil in the world. Everybody knows this.
Someday, we'll run out. It will be gone.
Meanwhile, our insatiable thirst for oil -- which we burn -- has put enormous sums of money into the hands of fanatics who hate us and everything we stand for, and who use that oil money to fund the terrorists who murder Jews and Americans wherever they can.
We can't burn oil forever.
And it's bad strategy to base our economy on cheap oil when we have to buy at least some of it from our enemies.
Optimists tell us that the free market will eventually deal with the problem. Their theory is that as oil gets harder to extract cheaply, the price will go up; then other forms of energy will become economically attractive and we'll switch over to them.
Here's why their optimism is nothing short of suicidal.
First, there's no guarantee that without intense government-funded research and financial incentives now, the new energy sources will be available in quantities large enough to replace oil when it does run out.
In other words, if we wait until it's an emergency, our economy could easily crash and burn for lack of energy sources sufficient to drive it.
It's easy to supply energy for an economy that's only a tenth the size of the world's economy today. The question is how many people will die in the resulting chaos and famine, before new free-market equilibrium is established?
Second, how stupid do we have to be to wait until we run out of oil before acting to prevent its waste as a fuel? Petroleum is a vital source of plastics. We could use it for that purpose for hundreds of generations -- if we didn't burn any more of it. But if we wait till we've burned all the cheap petroleum, it won't be just fuel that we have to replace.
Third, market forces don't do anything for our national defense, our national security. We had a clear warning back in the 1970s with the first oil embargo. What if terrorism in the Middle East specifically targets all oil exports, from many countries?
And even if they keep the oil flowing, why are we pumping money into the pockets of militant extremists who want to destroy us? Why are we subsidizing our enemies, when instead we could be subsidizing the research that might set us free from our addiction to oil?
You notice that I haven't said anything about polluting the environment. Because this is not an environmental issue.
In the long run, it's an issue of whether we wish to provide for our children the same kind of prosperity that we've luxuriated in as a nation since World War II.
It is foolish optimism bordering on criminal neglect that we continue to think that our future will be all right as long as we find new ways to extract oil from proven reserves.
Instead of extracting it, we ought to be preserving it.
Congress ought to be giving greater incentives and then creating mandates that require hybrid vehicles to predominate within the next five years.
Within the next fifteen years, we must move beyond hybrids to means of transportation that don't burn oil at all.
Within thirty years, we must handle our transportation needs without burning anything at all.
Predicting the exact moment when our dependence on petroleum will destroy us is pointless.
What is certain is this: We will run out of oil that is cheap enough to burn. We don't know when, but we do know it will happen.
And on that day, our children will curse their forebears who burned this precious resource, and therefore their future, just because they didn't want the government to interfere with the free market, or some other such nonsense.
The government interferes with the free market constantly. By its very existence, government distorts the market. So let's turn that distortion to our benefit. Let's enforce a savings program. But instead of putting money in the bank, let's put oil there.
Oil in the bank ... so our children and grandchildren for a hundred generations can slowly draw it out to build with it instead of burn it.
Oil in the bank ... so we'll be free of the threat of fanatics who seek to murder their enemies -- including us -- with weapons paid for at our gas pumps.
Do you want to know who funded Osama bin Laden? We did. And we continue to do it every time we fill up.
You don't have to be an environmental fanatic to demand that we control our greed for oil.
In fact, you have to be dumb and a fool not to insist on it.
But ... foresight just isn't the American way. We always seem to wait until our own house is burning before we notice there's a wildfire.
Oh, it won't reach us here, we tell ourselves. We'll be safe.
Talk about foolish optimism.
Fair Threat to World Economy But Oil Boycott Improbable
Energy Efficiency Must Be North America’s Priority but Canada and
U.S. Fail on Energy Efficiency Policies
“The despots of the moderate Middle East are non-players save for
their oil in the ground… My concern is that my grand kids might see parts of the
Middle East turned into a nuclear waste land, and Ali Baba and The Forty
Thieves. The world community needs to see a checkmate within the next 60 -
90 days. Failing that, Iran and Syria will be emboldened.” Reiterating an almost
universal view on the panel, this CEO emphasized that the world’s seemingly
The Chinese contribution to the energy crisis
The quest for resources. The dynamic Chinese economy, which has averaged 9 percent growth per annum over the last two decades, nearly tripled the country's GDP, has also resulted in the country having an almost insatiable thirst for oil as well as a need for other natural resources to sustain it. The PRC has been a net importer of petroleum since 1993, and has increasingly relied on African countries as suppliers. As of last year, China was importing approximately 2.6 million barrels per day (bbl/d), which accounts for about half of its consumption; more than 765,000 bbl/d – roughly a third of its imports – came from African sources, especially Sudan, Angola, and Congo (Brazzaville).
To get some perspective on these numbers, consider that one respected energy analyst has calculated that while China's share of the world oil market is about 8 percent, its share of total growth in demand for oil since 2000 has been 30 percent. The much publicized purchase, in January of this year, of a 45 percent stake in an offshore Nigerian oilfield for $2.27 billion by the state-controlled China National Offshore Oil Corporation (CNOOC) was just the latest in a series of acquisitions dating back to 1993 whereby the three largest Chinese national oil companies – China National Petroleum Corporation (CNPC), China Petroleum and Chemical Corporation (Sinopec), and CNOOC, respectively – have acquired stakes in established African operations.
Our insatiable thirst for Middle East energy is “the oil [that] feeds the fire.”
This idea that we can live in a homogenous cul-de-sac suburban development in our plastic homes driving 50 to 100 miles to work in a 4700lb SUV to our middle management job at Bed Bath and Beyond and expect this way of life to just continue on indefinitely with no consequences represents mind boggling ignorance and negligence towards our future. The "American Dream" is a relic of the Baby Boomer generation and will die with our parents and grandparents. To quote author James Kunstler: "Suburban development in this country represents the single largest misallocation of wealth and resources in the history of the planet."

So could a 900 acre photo voltaic array power a major metropolitan grid. No, probably not. But the question isn't how do we squeeze enough energy out of the technology to accommodate our seemingly insatiable thirst for electricity and fuel but rather how do we cut the fat and waste out of our civilization and our lives and actually live WITHIN our environment with some sort of sustainability. There is no one technology that will provide all our solutions. It will have to be a combination of wind turbines, solar and hydroelectric excluding the remote possibility that some new form of energy production (i.e. cold fusion or something equally fantastical) is unleashed on the world by CERN or ET. These power plants will operate primarily at a local level servicing on a much smaller scale than what we here in North America have been so used to in the last 70 or so years.
IS TECHNOLOGY BEING HELD BACK
New Solar Electric Cells - 80% efficient
Mr. Marks says solar panels made with Lepcon or Lumeloid, the materials he patented, ... Most photovoltaic cells are only about 15 percent efficient. ...
If the American public's insatiable appetite for automobiles continues, uncurbed by any sense of responsibility, someone must, like a parent with a selfish child, at least start slapping wrists.
Perhaps we should ration gasoline, and insist that all cars meet a miles-per-gallon minimum -- one higher than many sport utility vehicles, for example, achieve now. The rationing would not be a wartime figure, of course, but a reasonable amount allowed for business and pleasure.
Americans consume the largest portion of gas in the world and cry the loudest about the price.
The government should repeatedly increase the price of gasoline in an effort to slow our country's insatiable thirst for oil. Utilize the excess profits and taxes to fund research and rebates for renewable efficiency and renewable energy.
Yehuda Draiman, Energy Analyst – 1/1/2008 – renewableenergy2@msn.com
PS. but they will keep pumping more in the years ahead to quench our insatiable thirst for energy.
A new source of energy storage is in the works using ULTRACAPCITORS.
THE NEW DAWN OF SOLAR
A California firm “Nanosolar of San Jose” says it is producing solar panels for 30 cents per watt. If true, then a power plant made from these solar panels should produce electricity cheaper