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Category Archives: Business/Economics

AltaRock Abandons Geothermal Energy Project at The Geysers

Since July, I have been studying and following the progress of a technology called Enhanced Geothermal Systems (EGS) as it has been tested by Sausalito-based AltaRock Energy at The Geysers, an active geothermal field just 12 air miles from my home in Northern California.
A week ago, New York Times reporter James Glanz wrote that Altarock [...]

Credit Card “Insurance”–Big Profits/Small Benefits

An early credit card — 1963
Let’s say you owe money on your American Express card, and you’re worried about unpredictable events that might negatively impact your ability to pay that debt. Then a flyer arrives from American Express offering you their Account Protector.
Account Protector from American Express helps during many of life’s ups and downs [...]

MBA Oath — “My purpose is to serve the greater good”

Within my college circle, a career in business was not an admirable path. When I revealed to my friends that I intended to seek an MBA from Harvard Business School, for the next several meals I became invisible. No one spoke to me. I had died, and they referred to me in the past.

HBS women [...]

Is the Production of Geothermal Energy in The Geysers a “Public Nuisance”?

Calpine in The Geysers
On September 15, less than a fortnight after AltaRock Energy halted its geothermal drilling in The Geysers, the Anderson Springs Community Alliance (ASCA), a small but formidable opponent of the AltaRock project, fired another salvo: this time charging the area’s main producer of geothermal energy with a public nuisance.
In a formal complaint [...]

Enhanced Geothermal Energy Project Halted in The Geysers

Electricity generation in The Geysers
Late in 2008, George Bush’s Department of Energy committed $6 million to Sausalito-based AltaRock Energy (as part of a consortium…see addendum below) for energy production using Enhanced Geothermal Systems (EGS). EGS technology works by by injecting water down a deep well into hot rock, fracturing the rock and creating steam which [...]

On the Bull’s Back

America, in skin and shorts, sleeps
on Wall Street’s back
the beast
appetite and direction, ignores
flies
It is five a.m. and raining
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Cell phone photo: Anonymous, July 2009. Look closely. A man lies supine upon the statue.

Go Sue Yourself!

Perhaps based upon a well-known, anatomically difficult, consensual act, Wells Fargo has sued itself in a Florida foreclosure case reported upon by foxbusiness.com last week:
“Wells Fargo holds the first and second mortgages on a condominium….As holder of the first, Wells Fargo is suing all other lien holders, including the holder of the second, which is [...]

Enhanced Geothermal Energy and Man-Made Earthquakes (Part 2)

As described in a previous post, Sausalito-based AltaRock Energy is drilling a Lake County test well aimed at producing energy by utilizing a technology called Enhanced Geothermal Systems (EGS). AltaRock’s project is on federal land leased by the Northern California Power Agency (NCPA) on a ridge just above the community of Anderson Springs, CA. According [...]

“Keynesian” Capitalism Bumper Sticker De-Attributed

During the research for my previous post, I came across a bumper sticker that attributed the quotation in question to John Maynard Keynes. When I informed the purveyor that the quotation was not from Keynes’s oeuvre, they replied:
Well, that is sad. It seems that making things up has been a major accomplishment of the electronic [...]

John Maynard Keynes: Capitalism and the “Nastiest/Wickedest of Men”

Of course you know that not everything on the web is accurate, but what if you find thousands of hits for a quotation, including citations in Webster’s Online Dictionary, the Washington Post, and the Howard Law Journal?
“Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work [...]