A method for load balancing virtual machines includes accessing current consumption data and historical consumption data for a first virtual machine running on a host hardware platform, wherein the host hardware platform is coupled to a network and accessing specification and utilization information for networked hardware platforms published on the network by each networked hardware platform, wherein the networked hardware platforms each include a hardware platform configured to run virtual machines. The method also includes selecting a target platform from the networked hardware platforms to receive the first virtual machine based on the published specification and utilization information for the networked hardware platforms and consumption data for the first virtual machine, wherein the first virtual machine will operate on the target platform in a condition that is not over-constrained.