Steve Cotler

Steve Cotler

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 […]

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 […]

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 […]

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 […]

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 […]

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 – – 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 by Business Insider earlier this month: “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, […]

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 […]

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 Wikiquote,  the Washington Post, and the Howard Law Journal (which, in its Vol 48 Issue 1 Fall 2004 issue, blithely quoted the Washington Post article referenced at the end of […]