Pants: That's a good counter-point. However, Enron held a state sanctioned monopoly over energy supply. I said in the post you quotes that the only time when we really get fucked as a whole is when there is no competition. There was no competition to Enron. Also, (just from reading California electricity crisis - Wikipedia, the free encyclopedia b/c I don't remember a lot about the blackouts) it says that two of the sources that cause the problem were from delays in approval of new power plants and government price fixing on electricity rates. Edit: you know the difference between Enron as a monopoly screwing customers and fudging numbers to balance a budget and the government screwing citizens and fudging numbers to balance a budget? The government doesn't ever suffer a penalty for it.
I wonder, also, if there would have been such a crisis if it weren't for government bans on nuclear power and offshore drilling for oil and natural gas.
I wonder, also, if there would have been such a crisis if it weren't for government bans on nuclear power and offshore drilling for oil and natural gas.
Last edited: