Juggling Dynamite

Congratulations to @MZJacobson & co on winning the @PNASNews Cozzarelli prize for seminal work on renewable grid: https://t.co/RFWGR1idMh

— Michael E. Mann (@MichaelEMann) March 2, 2016

See: Low-cost solution to grid reliability problem with 100% penetration from wind, water and solar for all purposes.

Abstract
This study addresses the greatest concern facing the large-scale integration of wind, water, and solar (WWS) into a power grid: the high cost of avoiding load loss caused by WWS variability and uncertainty. It uses a new grid integration model and finds low-cost, no-load-loss, nonunique solutions to this problem on electrification of all US energy sectors (electricity, transportation, heating/cooling, and industry) while accounting for wind and solar time series data from a 3D global weather model that simulates extreme events and competition among wind turbines for available kinetic energy. Solutions are obtained by prioritizing storage for heat (in soil and water); cold (in ice and water); and electricity (in phase-change materials, pumped hydro, hydropower, and hydrogen), and using demand response. No natural gas, biofuels, nuclear power, or stationary batteries are needed. The resulting 2050–2055 US electricity social cost for a full system is much less than for fossil fuels.

Last night as Democratic hopeful Hillary Clinton promised to crack down on corporations who cheat consumers, I was reminded of this 2004 interview where then Professor Elizabeth Warren described a meeting she had with First Lady Clinton in the late ’90’s on changes being proposed to the bankruptcy bill. Evidently Clinton can change her opinion and support in a heartbeat depending on her interests. Does that mean that a President Hillary Clinton will promote strong reforms to break up the Wall Street that has paid her millions for many years?  Maybe?

The Bill Moyers show released a vintage clip of Senator Elizabeth Warren from 2004. In the video, Professor Warren talks about a meeting she had with then-first lady Hillary Clinton. Here is a direct video link.

The point not to be missed in all of this is that Eric and some others have been capturing and sending proof of daily fraud and security crimes to the SEC and prosecutors every week over the past 5 years and still HFT continues to spread and rape profits and hire high profile characters (like Ben Bernanke) as their PR wing as if it were a legitimate business model. You can follow Eric Hunsader’s work every day on Twitter here. The great insult to injury in all of this is the relentless BS from business channels and mainstream guests that the flash crash of 2010 was a one off now fixed, and that high speed “millisecond” trading is in the ‘best interests’ of legitimate investors.  They think we are all dumb.  And so long as they are allowed to rake in billions from their racket, hey, I guess they are right.

Nanex CEO Eric Hunsader was awarded $750,000 by the SEC today for alerting regulators of suspected irregularities surrounding 2010’s flash crash. Here is a direct video link.