Updates
October 10, 2019: see first comment. Now it's personal generators that are causing forest fires.
Original Post
With regard to energy, is California now a third-world country, or an emerging country? In this day and age it is simply impossible to reconcile what is going on in California compared to what is going on in Texas.
Did I hear on the radio just now (8:24 a.m. CT) that the blackout is scheduled for five days?
From yesterday over at twitter:
Link here.
The unprecedented power shutdown by California’s PG&E Corp. has spread deeper into densely populated cities near San Francisco, ensnaring millions of people and raising the prospect that much of a major metropolitan area could go without electricity for days.
The bankrupt utility said late Wednesday that it had begun a second round of power cuts that will bring the number of customers blacked out to around 750,000 homes and businesses in in cities including Berkeley and Oakland. The additional 243,000 customers in the latest advisory is part of the biggest blackout ever orchestrated to prevent strong winds from knocking down electrical lines and igniting fires. The utility is still considering a third round.
My hunch is that 99% of Californians do not understand how this all happened. And mainstream media will do its best to cover up the story.
Apparently there are already fires west of Oakland, CA, despite these precautions.
PG&E Corporation (PCG) shares are down an incredible 30% in pre-market trading. A year ago this stock was trading at $50; today, under $8. No dividend. And they used to say utilities were for conservative investors.
Apparently there are already fires west of Oakland, CA, despite these precautions.
PG&E Corporation (PCG) shares are down an incredible 30% in pre-market trading. A year ago this stock was trading at $50; today, under $8. No dividend. And they used to say utilities were for conservative investors.
More on this later. I'm on my way to start my Uber-granddaughter driving. Good luck to all.
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