Google Energy gets OK Google has been granted a license to trade energy on the wholesale market, as well as retail it to the consumer market. The approval comes from the US Federal energy regulator FERC. Google made the request quietly on the day before Christmas Eve, via its new subsidiary Google Energy. California's public utilities commission …
"Google's reasons for trading energy Enron-style, or retailing it to homes or businesses remain obscure"
Their own Web, everyone's information and data, Energy supplies, telecommunications - all world-wide. Then they'll move into food supplies / production, then set up their own military - missiles, army, navy, airforce ...
... by then it'll be too late - Google will rule the world.
Unless ! 007 - Bond, James Bond - can save the world and destroy the mad Google fiends in their tropical island bunkers.
Forget Al Quaeda - the real threat to world stability is Google !
I can clearly show that I own neither transmission or generation facilities, so why can't I be licensed? Besides not having enough "grease" for the proper palm, I mean.
Perhaps the rational is that traders aren't be allowed to have the ability to grossly influence the market in pseudo-monopoly fashion? I wonder if pork traders are allowed to own railroads or pigs or butter churns... hmm, a bacon butty sounds good right about now.
It sounds sensible enough from a compliance point of view. Say you are actually a electricity generator, if you could deal directly you could game the market by buying futures contracts at the current price, turn off your power generating plant, sending prices up, sell contracts, turn generation back on again.
Why is it unclear? By doing this they can hedge their large power consumption against market movements, without having to pay someone a nice chunk of change to do it.
I know the reg isn't anywhere near as cerebral as ft.com, but maybe have a think about what their business runs on...
As for the conspiracy theorists, I think all of us are nervous about the vast amount of personal data they are collecting, but I don't think this is part of their master plan! (It just makes the plan cheaper....!)
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