Monday, August 25, 2014

 
SPACE X CONTRACTOR BRINGS MAJOR JOBS TO BROWNSVILLE
 
My issue on SpaceX was and remains Boca Chica beach.  The idea of whether or not this is good or bad for Brownsville has never been an issue, beyond Boca Chica Beach.  The detractors of SpaceX would have you believe before the State of Texas threw in their money they had Rusteberg and Carlos Marin study the issue and then invested based on their recommendations.
 
Because that is what you do - when you have no argument, you bring out the mythical boogie men to scare the ignorant.
 
BUT FIRST TENASKA - BARTON CONTINUES HIS NUMBER GAME WITH MORE BOGUS NUMBERS.
 
The sad part of his story is, there is a real issue concerning Tenaska and he does not even cover it.  What he does do is say, "I the great Barton am going to do an Open Records Request and get you the truth."
 
I win my Open Records Requests because I anticipate the objection, research the issue, and feel fairly confident I can win.
 
You see HINO Electric has already sued over this issue.  The Attorney General has already ruled the documents which show cost are not subject to disclosure.  HINO Electric then sued in district court to get access to the documents.
 
 
But hold it, if the documents which show the actual cost to the BPUB are not subject to disclosure then where is he getting his mythical number of $340 million?  He fails to tell you it is a mythical number created by Filch and others, which they admit are mythical and not based on any real data disclosed by Tenaska or the BPUB.  
 
Now, I am confident, assuming HINO has hired competent counsel, a court will eventually order the release of some of the numbers.  The BPUB defense is bogus.  The law is pretty clear, once the contract has been signed, you can no longer argue the protection of "competitors."  On this issue the BPUB has no defense.  So why continue to hide the numbers?  But as to trade secrets of Tenaska, that defense belongs to Tenaska and must be defended by Tenaska.  Now briefs and samples of the subject documents were due in court sometime in July.  I checked the online system and cannot find the case, so I will have to go to court to see the file to see where the case stands.
 
BARTON OUTRIGHT DECEIVES ON THE NUMBERS - WHY?  BECAUSE HE HAS NO STORY
 
"First of all:  Is $340,000,000 for 200 megawatts of power a good price?  Not according to charts on what a typical natural gas powered plant should cost. While Brownsville's cost averages out to $1.7 million per megawatt, the national average is $917,000 per megawatt. "
 
Do not forget the $340 million number is a creation by Filch and others, and not based on any documents released by the BPUB or Tenaska - Also when I google the issue I cannot find a reference to $340 million  other than Barton.  He needs to source it, so people can determine if it is a real number.
 
This aside how does Barton come up with his $1.7 million per megawatt? 
 
He divided 200 into $340 million.  Now that little stunt would get you a big "F" in school.
 
From Forbs, a conservative business magazine "Unfortunately, actual costs for any energy system are difficult to determine from information normally provided."  Click for Article  The experts at Forbes cannot calculate a number, but Barton with his advanced math skills and business can.

You know you are in bad company when the best you can do with this numbers game is receive an endorsement from former disgraced Brownsville Mayor Pat Ahumada.  Remember this is the same Pat who had no problem with the BPUB giving a convicted felon from Dallas a half million dollars for a bogus start up airline.  He also had no problem with giving our money away for the same deal.
 
I have googled many search combinations and everyone uses kilowatts not megawatts.  I am not saying his source is not out there, because obviously I did not click on every page which came up in the many searches I did - but in scanning the summaries I never once saw anyone use megawatts.
 
But if you believe the formula is as simple as Barton claims then you are a sap.
 
Further, Filch did not say the deal was bad - what they said was, based on the exiting debt, the additional debt being incurred by the BPUB was not a good decision.
 
ON MARCH 7, 2014 FILCH GIVE A+ RATING ON BPUB BONDS
 
"NEW YORK--()--Fitch Ratings affirms the 'A+' rating on the following revenue bonds issued by the city of Brownsville, TX on behalf of Public Utilities Board (BPUB or the board):"
 
As the story notes, despite its negative outlook, based on undisclosed numbers, Filch is still giving the BPUB bonds an A+ rating
 
 
Barton claims "Fitch sees this as a very bad financial deal, lowering P.U.B.'s bond rating from A+ to Poor on the basis of this deal going through."
 
What the article clearly says is Filch in spite of its negative outlook it is giving an A+ rating.  I have googled this and find no Filch report to support Barton's claim.  Let him source it, and then I will change my story to support his claim.
 
The Herald has a pretty good article outlining Filch's objections.  Click
 
What is not discussed by Filch and Barton is BPUB is allowed to sell the excess power being bought.  This is standard practice.  People who buy residential windmills in the country sell the excess electricity to the local utility.
 
This is where the HINO Electric company comes into play.  If they are so confident that BPUB customers in the long run are going to have to pay more [note I said long run, not short run] then why are they so worried they will lose business to Tenaska and the BPUB?
 
If Brownsville intends to make growth decisions based on the advice of Filch, then Brownsville needs to make its mantra "No Progress Allowed Because We are Poor."  Filch using Brownsville's economic status as a basis to oppose growth  in my mind puts into question the legitimacy of how they make decisions.
 
There are unanswered questions - cost - will Tenaska buy the natural gas from the BPUB natural gas company or will Tenaska get it for free from the BPUB.  Given the long term costs of free this seems highly unlikely - but a  discount maybe. This is not clear in the reports.
 
SPACEX - FIRST JOBS ON THE HORIZON
 
The good news is, with all of their flaws, our city and county leaders know enough to ignore these advocates of no progress.  Nothing is free.  It is simple business - you must invest in your infrastructure and  community if you want to move forward.
 
THE BOGUS COMPLAINTS ABOUT THE ROCKET EXPLOSION
 
The key to the story is "“During the flight, an anomaly was detected in the vehicle and the flight termination system automatically terminated the mission,” the company said in a statement on Friday."
 
You get it, the safety system worked.  The rocket was intentionally exploded immediately after launch by SpaceX as a safety precaution.
 
 
These dimwits making a bigger issue out of this would ban walking because you might fall.  All my life the military and NASA have been testing rockers.  The idea a rocket test fails is not new.  It is par for the course.  It is the nature of the beast.  But if these dimwits were to have their way, we would not be  in outer space because of the many astronauts who have died during launch or reentry.  We would still be living in caves because of fear of exploration.  These dimwits are the ones who opposed exploration which lead to trade by the west with China, the exploration of Africa, and the many courageous sailors who sailed the Atlantic to what is commonly referred to as the New World.
 
If you are unwilling to take risks you will never move forward.
 
THE JOBS
 
What these same dimwits fail to understand is the secondary benefit which comes from development by a company like SpaceX.  I was very honest - once word on the extended runway got out I had to change my position.  An expanded runway means more jobs at the airport.
 
COMPANY BUYS INTO BROWNSVILLE

"Paragon D&E, a Grand Rapids, Mich.-based company that is already a certified supplier to SpaceX, announced Friday that it had purchased the assets of Rio Grande Tool Co. in Brownsville and plans rapid expansion of its new operations here.
 
Paragon designs, engineers and manufactures highly complex tooling systems for a customer base that includes the automotive and heavy truck industries, aerospace, agriculture, and oil and gas. Paragon said it has broadened its involvement in commercial and defense aerospace in the last five years.
 
Andrew Samrick, the company’s managing director for advanced manufacturing, said the Michigan facility currently works on bolt systems that hold SpaceX rocket segments together.
 
While he said it’s not yet clear what role Paragon will play in servicing SpaceX, or Space Exploration Technologies Inc., in Brownsville, Samrick said the firm is “fairly confident” its expertise and services will be relevant during construction of the launch site — and beyond.
“Right now, we don’t know,” he said. “We have to see how we can help them.”

 
 
Paragon, because they have vision, and are not dimwits, are positioning themselves for more business with SpaceX.  They see the demand, so on a gamble they are willing to invest in Brownsville in hopes SpaceX sees the benefit in working with a local supplier.  Ah yes, a gamble - something these dimwits would never take.
 
Now I can see the response to my post - personal attacks on me because according to Barton is if misplace a comma my entire story is without merit.
 
What he cannot do is explain his spin on his bogus numbers so he will attack.
 
But in the end, my primary readers are the business community, and they get it.  So I fret not.
 
On the BV you do not have readers posting homophobic sexist moronic statements.  Why?  Well that is the difference in readers between the BV and the other blogs.

6 comments:

Anonymous said...

If all the other blogs are allowing such things as homophobic sexist moronic statements and outright lies, should they discontinue and shut down their blogs or is it a personal issue between you and the other bloggers as to who is top dog in the world of blogging? The bottom line is that reading the local blogs is in some way resourceful and often a source of entertainment. Whether it is paid or unpaid commentaries, opinions are our given rights in this country and they will clash with others in determining whether we improve or not.

BobbyWC said...

It does not shock me an idiot missed the point of my comment.

You obviously believe the business community find this offensive language that of credible people.

That is your right, but I know better - my point was credibility with my target audience - the business community

If you believe the business community find those type comments credible - hey more power to you.

Bobby WC

Anonymous said...

Why do you insist on misspelling "Fitch" as "Filch" throughout the entire post when it is spelled correctly in the Barton quote?

BobbyWC said...

To annoy you - and for the record why do you lie and say it is misspelled throughout the post when it is not. Did you make a mistake? Goodness - Can you find where it is spelled correctly - twice

Maybe I made the mistake to prove a point - idiots who cannot refute the post will look for a distraction

Bobby WC

Anonymous said...

is space x going to have city water ?

BobbyWC said...

I have no idea, I think either the city or country or both are running the lines

Bobby WC