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Reply #18: This is Enron, all over again [View All]

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-22-07 02:02 PM
Response to Reply #1
18. This is Enron, all over again
and probably being done by their ex employees.

Enron, as many of you remember, shut down a bunch of power plants in California for questionable maintenance in the spring of 2001, driving energy prices sky high there and resulting in rolling blackouts to convince the recalcitrant and skeptical that it was a real problem. Their junior management was taped laughing hysterically at elderly people who couldn't afford those bills.

Now we have a bunch of refineries closed at the same time, again for questionable maintenance, just before the peak driving season.

Anyone who is talking about market forces this time is a fool, corrupt, or delusional.

This is how monopolies act, folks, and if you still need an object lesson in why antitrust laws need to be enforced, you are hopeless.
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