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Greece Faces Electric Meltdown
Maybe the electrician-in-chief can send them some of those unused Solyndra solar panels?
From Reuters:
Greece's power regulator RAE told Reuters on Friday it was calling an emergency meeting next week to avert a collapse of the debt-stricken country's electricity and natural gas system.
"RAE is taking crisis initiatives throughout next week to avert the collapse of the natural gas and electricity system," the regulator's chief Nikos Vasilakos told Reuters.
RAE took the decision after receiving a letter from Greece's natural gas company DEPA, which threatened to cut supplies to electricity producers if they failed to settle their arrears with the company
Or, as they call it in Greece, Friday.
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Lost me at Reuters.
wonder how Americans will act when this happens here ...
edit: removed for being stupid
Perhaps we could send Chesapeake's Aubrey McClendon over there to help out with the NatGas part.
but it's in the national interest...
DEPA should be honored to supply Greece with its natural gas for free...
screw the shareholders.
That avatar vaguely resembles a toilet seat when viewed from a distance (no offense!!) or is it something from heavy mechanical engineering?
I believe that is from a rotary combustion engine. Just like the diesel engine, this is an idea I had years after it was invented.
http://youtu.be/6BCgl2uumlI
http://en.wikipedia.org/wiki/Wankel_engine
Not to be confused with the Bernank's Wanker Engine.
I tend to avoid toilet seats that have teeth.
There will be blood.
E.G. presents a Wankel rotary engine rotor.
If my eyes don't fail me, it is from an RX-2 motor, identifiable by the thicker slots for the apex seals. the early ones were graphite, able to handle 13,000 RPM, but they wore down kinda' fast, and were replaced with iron seals, which were smaller, heavier, lasted longer, but really got dangerous above 12.000 RPM.
Everybody knows that.
You removed a comment because you decided it was stupid?
Holy crap, man. If I start doing that, I'll have to yank my entire freaking timeline.
"I can't brain today, I have the stupid!" LOL
Enron, California, redux.
Don't worry, Carl Icahn won't let it happen.
"Nobody warned us!"
Rockefeller - Rothschild partnership will fix this problem!
There will be blood.
None that we ever hear of. The power is out and it'll stay down. If people are murdered on masse will anyone notice?
Not without tv camera, power for handy cams, phones, cell service...it'll be quiet as a grave this weekend I bet. And no one will know...
Yeah, there wil be blood. There will also be profit for those here who ACT. I posted this a few days ago:
Well at least one POOR guy is fast growing rich off these fucks:
Been short EUR/USD for nearly a month, as well as NZD/USD and AUD/USD. Scaled in for two weeks. ALL IN NOW. Do or die. Thanks Tyler. The incessant "gloom and doom" on Europe definitely encouraged me. I owe you buddy;:
HERE'S HOW YOU GET RICH OFF THIS SHIT PEOPLE
Sun, 05/06/2012 - 17:37 | 2401652 NewWorldOrange "It's going to be a very interesting summer."
Yes indeed it is. Perhaps even better than last summer (for currency traders.)
As for this evening, I think AUD/USD and/or NZD/USD are better shorts than EUR/USD. Always great "risk off" trades, especially on a Sunday evening after such a weekend. Whether the markets perceive increased volatility much in part due to the Europe elections, a decline in global markets, or are still just pricing in the Friday's jobs report, there is likely to be a flight to the "safety of the US dollar" (yeah, I know - LMAO too) and when that happens the Aussie and Kiwi usually take a real beating. Especially if commodities markets are trending down as they have been.
Shorted both and EUR/USD Friday afternoon. Just closed EUR/USD. Just added BIG to my already sizeable shorts on AUD/USD and NZD/USD. I'll either wake up with a huge profit or most of my earnings from the past two months wiped out. Because sometimes you just gotta' go for the gusto.
[UPDATE 5-30-12: I got back in EUR/USD shorts the next week...closed my AUD NZD shorts last week...still in the EUR/USD short and in fact just went all in on that with a target of 1.21...}
[UPDATE 6-1-12: The Big EUR/USD SHORT: The gift that keeps on giving! Break below 1.23 imminent...]
(I think I'm allowed to gloat a bit especially after the past few days, heh. I'M RICH BITCHES!)
Thanks again Tyler! I owe you buddy!
Well done, but now you better be wise with how you spend it.
The key is to know when to leave the table. No matter how bad it gets it will bottom out somewhere. If you hang in there expecting an even lower bottom it will all disappear.
TRUE. That's why I took a million off the table yesterday.
I got a ton of credit cards a month ago. Applied for every one I could find on the Internet a few months ago. Even posted a long post suggesting that to everyone and telling how to do so without violating laws (don't overstate income.) Used ALL that credit to finance a forex account at www.fxcm.com.
Two months ago I had a net worth of about $60,000. If I lose everything I have in this trade now (stop at 1.2660, limit at 1.2100) I'll still have that million. If it hits my limit before my stop...I'll be like Steve Austin, Astronaut...AFTER taxes;)
You're about 42% right.
The future is a downward sloping sawtooth, because oil scarcity is killing everything. The individual sawteeth do have tiny moments of uptick, but down they will go, to the next lower lows.
And it's forever. We only had this planet of oil to drain using fewer BTUs to get it out than we got out. The other places, like Titan, with hydrocarbons, could be converted to oil, but the BTU total required to do it would far exceed what we get.
Oil is the fuel of transportation and no other fuel works for that.
Short the fucking rise, then? If the slope is -5% per year, and inflation is 7.5% per year, your sawtooth is nominally up, not down. Not disagreeing with your BTU theory, just pointing out the trade may not work out like you think.
"You never count your money when your sitting at the table. There be time enough for counting when the dealings done".
Don't pay engineers, engineers don't work = everything breaks fast.
People are surprised by this? The world doesn't run on magic, runs because 1 tiny group of people keep it running so the other 99.9% don't die from something as simple as a door way or a bridge.
BTW no electricity also means no transportation, water (unless a hand drawn well) or petrol/gas/NG/oil/Coal.
The media will be effected first...then hospitals shut down...then data centers.
your forgetting sewage treatment, generators can only last a few days.
They haven't been running for months. One of the reasons for Polio and plague outbreaks in towns with more than 500 people. Over flow is in the drinking water table now. With the power out I can't even confirm that Hep B and C aren't on the rise.
Doesn't matter I suppose. Greece is going to be made the example of to illustrate how bad things get.
Greece is going to be made the example of to illustrate how bad things get.
But will people heed the lesson? No, they will celebrate that it didn't happen to them, and return to normalcy bias convinced it won't happen to them.
Physical - it's not just about gold, folks!
FUCK THE POOR!
Now, who's got my check?
Will Athens traffic improve once traffic lights cease to function?
Yes, I can promise there won't be a single car driving after a week from a complete lack of gas because the diesel and coal fired electrical plants don't have anything feeding them because electricity is a primary power source for 70% of society to function. it is 100% dependant on oil and coal...hydrocarbons. All "green" tech is 100% dependant as well
If anyone hasn't understood yet, this is the Peak Sweet Light Crude and Peak Diesel scenario in a nutshell. Didn't think refineries were shutting down because of "profit". Refineries are a cost center, they are always included in the price of a gallon or a litre.
They are shutting down because there is nothing to process.
How do you draw such idiotic conclusions? If they have nothing to process, it is because they didn't pay their bills, not because oil is running out.
Run this query in google news in private browsing mode.
(oil|crude|diesel|electric|electricity) (energy|fuel|power) (peak|change|broke|default|expansion|availability|supply|import|inventory|delivery) (low|high)Tell me again that energy supplies are perfectly stable and abundant.
Don't assume because the idiot box tells you something that it's true.
Notice CPL said "Peak Sweet Light Crude" - and for the umpteenth time, "Peak" does not mean "about to run out."
So the dynamics of too much supply currently is? Slow-down economy, speed up pumping, count your chickens, prevent hatching?
?
yes
Crude oil in a full fledged meltdown as a result.
Wow!
Please post at 0930 EDT when the Dow opens down 150 and tell us about retail stocks.
Mattress stocks have been a terrific short the last month and a half, huge money maker for me on SCSS it's a perefect short but now everyone will be piling on.
Crude down, gold up, means one thing, RATIO TRADERS ARE FUCKED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
HUI TO THE SKY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
"I'm in the dark here!" Al Pacino, Scent of a Woman.
One of his finest performances. "I'd take a FLAMETHROWER to this place!"
Q&A on the European Debt Redemption Fund
http://www.cnhedge.com/thread-6595-1-1.html
Hope there aren't whitecaps in the Mediterranean today.
sow, reap
"This ground is not the rock I thought it to be!" - Maynard - Flood
The faster crude falls the bigger the economic decline behind it.
Gotta love "demand destruction" aka...
COLLAPSEThe faster crude falls, the stronger the dollar is, the weaker gold and the Euro are.
No internet, cell phone chargers including Iphone or Android, no refrigeration, air conditioning, gas needs to be pumped out of the ground, cash registers won't work nor terminal displays in all kinds of businesses, life support systems, x-ray machines, you name it, electricity rules the world today and a century ago the world survived without it.
Go figure...
Name a single person you know that understands salting and curing meat now?
It was a skill, now it's a deli counter.
Shit..name more than ten people you personally know that know how to sew a button on a shirt?
Like I tell my kids, if it wasn't for water and electricity coming into a home and sewage going out, there would not be much of civilization left.
Most people don't even know how to skin an animal or sow grains. Now they'll have to learn it the hard way.
No they won't, they'll just die waiting for the "gubermint" to show up.
Not that big of an issue. You can just go zombie and eat other people. Obam's ACORN/SEIU/Hope & Change voters do it all the time now.
No air conditioning. Greek summertime temperatures. Angry people. Very bad. Go long on tear gas.
I thought Greeks sat around the beach all the time. What do they need power and gas for?
Delivery of beer, wine. Refridgeration for orangina and lemonchino. Transport their asses to the beach.
Water to come out of the tap, salt water isn't good for you.
Think of the last black out you were through, it's like that except the power won't go back on.
I laugh when people point to the NE USA blackout of a couple of years ago as to how people will react.
People were scared. Information about the event was disbursed, and then people saw it as fun.
Fun because they knew that the lights would come back on.
Sort of the difference betweeen camping in a tent and living in a tent in the woods.
Once people realize that power ain't coming back on, things get icky.
pods
In the beginning, there was cold, dark, empty space...
~~~
http://www.youtube.com/watch?v=0C34MZb1rfw
My electric bill is around $300 month, granted I use some power equipment in my shop but wtf. I'm sure carbon tax won't help any.
It seems they concentrate on anything that is cheap. Water is only $60 month(I have 2 houses on one property) now they want to revamp the system and say it will triple.
I'm about ready to just pitch a goddamn tent and burn this motherfucker down. No more taxes from me, and nothing left for them to tax anyone else. Yep, paid off house and the rotten fucking county demands almost $3,000 a year. Problem now is rent is sky high. So bitch as I might unless I want to really live in a tent im just stuck here.
3 states are starting to raise hell about property taxes and I expect it to escalate. Fuck public unions.
rsnoble
Solution is move.
I've read that some RV owners claim SD as home because residency is something like a day a year. They grab a po box and spend the next year cruising the country.
Any state you live in, except ND (did that no property tax bill pass?) will have tax of some sort.
I've read there are really small sections of NH that have zero property tax, some carry over from old colonial days. Then again they are very rural.
http://en.wikipedia.org/wiki/Allodial_title
Not that that exists, with eminent domain and taxes..
The rent is too damn high!
Why you need a rental property that is paid for. Use that rent to pay for the taxes on it and the property you live on.
More scare mongering to frighten the sheeple into voting for pro-bailout parties this month.
If they leave the grid down longer enough the charge in the grid will drain out, I'd like to see them get it running again.
Pakistan is at that state now. All the crap is plugged in, Pakistan manages to get Oil then fires upt he plants. Power surges through the grid and blows transformers like a 2 dollar dock hooker on sailor cock.
Pop POP pop POP...zzzzzt...pop pop pop pop pop. Like firecrackers going off in a string.
CPL
Isn't a two dollar a day hooker in Pakistan considered a high class call girl?
...or a politician. The roles are interchangable.
I disagree. Politicians provide nothing of value....
I don't believe power distribution works that way. For starters, ya don't spin up the generators to full speed, then dump high-voltage onto the grid for precisely the reason you state re: Power surge.
OOPAH!! Gimme sommore Ouzo!
And a box of matches......
Ouzo's not flammable. Tsipouro on the other hand ...
Hmmm.....i wonder if Tsipras is more flammable than tsipouro.
and here comes the rolling black outs
Perfect timing.
Labor unrest, poorly performing schools, power outages, high crime rates, the US State Deptartments indicators for a country sliding into third world status....Oh! I'm thinking of California. I was reading that the Greeks would be making half as much if they left the EMU. In that case they'd have to work twice as much to make the same they used to that would mean an actual, real, 25 hours per week wouldn't it?
oldgasII
http://theeconomiccollapseblog.com/archives/turn-out-the-lights-the-larg...
Turn Out The Lights - The Largest U.S. Cities Are Becoming Cesspools Of Filth, Decay And WretchednessWell what happened there is that the Utilities in Greece are mandated to include things like property taxes in the utility bill because the government can't get anyone to pay them any other way. Well people stop paying the bills which makes the Utilities unable to "keep the lights on." And of course the unions refused to shut off people that didn't pay so just bad ideas all the way around.
Yet another public utility failure. Privatize it now.
Greece needs a Merekel.
New Dark Age
Depends how this all lands.
Orwellian controls require lots of tech. No power, no tech. Otherwise, think about getting your family rounded up and starting a fiefdom and killing anything that says it's from the government in stealth.
Accidents do happen, but odds can be increased to make sure it happens. Not like forensic sciences will exist in a country that can't power a microscope or do hit matching in a computer.
rest easy, build a community and get a hamm radio.
more power to them.
wait... nvm.
Red light districts will go dark.
Yeah, but bare skin is pretty sexy under black light.
Wonderful. They're starting the stampede a little early - I thought we'd make it to the Fifa / Euro 2012 touranment before they got all medieval on the Euro.
Greeks and Spaniards probably werent pulling out their Euros fast enough. Here let me flick the light switch a few times for you all to get the hint ...
Thanks Lou.
My atm just hiccuped and gave me an extra 1,000 euros!
If the ATM has no power, does the "hey someone is stealing the ATM *alarm* " have power? Bullish crowbars.
Urgent action is needed now,World is running out of time and more over - there is a great need to generate conflict between india and pakistan
May these 2 shithole nations burn for eternity
I know one thing..the utility is not fixing anything..or buying any new equipment..if it fails it will never be repaired....any monies they get will go straight to wages ....
Does ZeroHedge have a plan for continuity of information dissemination?
There is really only one good long-distance, off-grid means of communication that does not depend on the government utilities or personnel.
So the Greek's obviously aren't getting the message quick enough, based on the election results.
Now they are going to shut the power off and let them choose between no electric or selling their shit off for pennies on the dollar to some bank.
Alexandros @Alexandrosparta
@zerohedge . Do you think we are some villagers- !! Your tweets become increasingly offensive
3:39 PM - 1 Jun 12 via Twitter
That's offensive to villagers!
Ironically, a good way to survive without getting your face chewed off is by living off the fat of the land and by your own skills.
Amen brother.
So...99 out of a hundred will be dead within a couple of weeks. If that many survive, since some of that 1% will be killed for what they have as well. Sounds like it is exactly what Bilderberg has been planning with Agenda 21, although not working out the way they might have liked.
That doesn't seem very bright.
Well, the airports can't afford new fluorescent lights. The area that I was in had either 1 bulb in a two bulb fixture, or no bulbs at all.
Thought the Greeks were good at settling their arrears. no?
im greek and I am lmao! ao, get it.. really funny though
Trees are going to be the real casualty of this crisis...
Bullish on wood roasted pigeon kabobs.
If the utilities shut off the power the migrants cut off from the "free shit army" will disconnect, steal and sell all the copper power line, and if the state lays off linemen they'll disconnect live lines and sell the copper.
Greece is entering the deindustrialization and privatization stage of collapse.
Walls will be built, walled cities, compounds and castles will be trendy again-along with private armies.
If the utilities shut off the power the migrants cut off from the "free shit army" will disconnect, steal and sell all the copper power line, and if the state lays off linemen they'll disconnect live lines and sell the copper.
Greece is entering the deindustrialization and privatization stage of collapse.
Walls will be built, walled cities, compounds and castles will be trendy again-along with private armies.
Red light districts should have no trouble switching from AC to DC, but reading the local greek news of an upcoming inter-utility and international gas supplier financial cage fight suggests things might go better with the lights off:
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_01/06/2012_445056