I think we're all going to learn that the revenues that PREPA received that were supposed to go to plant maintenance and construction of new plants was instead diverted into social programs as well as other things. This, of course, will make restarting power in PR even more difficult than would otherwise be.
One interesting thing I saw when looking at PREPA's data is that a huge portion of power usage is unmetered; that is, stolen. So that worker and capital shortage, along with their lack of access to capitol markets, has to do with the fact that the utility doesn't find and penalize those who are stealing power.
And then those who are stealing power wonder why they can't find work with the companies that are fully aware that if their workers are stealing power at home, they'll be stealing other things, too--and hence they conclude that it's not worth the risk to have a site in Puerto Rico.
What are the odds of this NOT being blamed on Trump or America somehow?
ReplyDeleteI think we're all going to learn that the revenues that PREPA received that were supposed to go to plant maintenance and construction of new plants was instead diverted into social programs as well as other things. This, of course, will make restarting power in PR even more difficult than would otherwise be.
ReplyDeletePuerto Rico is a parasite state due to Democrat social engineering and legislation.
ReplyDeletePuerto Rico: the USSA's own little slice of Latin American "corrupción."
ReplyDelete"We" bought it, it's "our" problem.
But diversity is our greatest strength
ReplyDeletePurge: zero. I've seen it.
ReplyDeleteOne interesting thing I saw when looking at PREPA's data is that a huge portion of power usage is unmetered; that is, stolen. So that worker and capital shortage, along with their lack of access to capitol markets, has to do with the fact that the utility doesn't find and penalize those who are stealing power.
And then those who are stealing power wonder why they can't find work with the companies that are fully aware that if their workers are stealing power at home, they'll be stealing other things, too--and hence they conclude that it's not worth the risk to have a site in Puerto Rico.
"But diversity is our greatest strength"
ReplyDeleteBut duh-versity is our greatest strength.
Fixed it.