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The state that brought us Enron now getting Enron'd itself. Turnabout is fair play! Sucks for the regular folk, though...

by tomc1985 6y ago

coliveira 6y ago
Well, when you play these games with energy prices it is just a matter of time... and with the "new normal" in weather changes, it seems that it won't be the last time either.
- dillondoyle 6y ago
  And Republicans down there seem to be pushing for even more!! Rick Perry just said this in response to the White House pushing infrastructure spending after this disaster: “Texans would be without electricity for longer than three days to keep the federal government out of their business” But it was alright when Trump wanted to launch 'infrastructure week'? And it's totally ok to send in FEMA and a lot of other government assistance?!?! BTW tangent why hasn't FEMA sent in the ships that can provide power? I think the nuclear ones can and maybe even the Comfort but i'm not sure on that specifically
dang 6y ago
Please don't take HN threads into regional flamewar. That never ends well. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
morninglight 6y ago
Many young people have no memory of Enron. Instead of pointing fingers, it would be better if we presented them with historical facts. Because of fraudulent energy market manipulation, many thousands of people from around the world lost their jobs, homes and savings in the blink of an eye. Hopefully, we are not seeing a repeat of that fiasco, but if we are not vigilant, it could happen again. https://www.youtube.com/watch?v=e5qC1YGRMKI https://www.youtube.com/watch?v=e5qC1YGRMKI You might also be interested to know that former Enron CEO, Jeff Skilling, is no longer in prison and was reported to be starting a digital energy marketplace. https://www.bizjournals.com/houston/news/2020/06/05/former-enron-ceo-jeffrey-skilling-veld.html https://www.bizjournals.com/houston/news/2020/06/05/former-e...
- tomc1985 6y ago
  Indeed, it feels a bit weird getting a warning on my original comment when I remember all the BS we had to put up with from people who were reselling our own power back to us. I don't know for sure but I don't think electricity prices ever came back down from that. Like that comment was dripping with irony and schadenfreude, sure, but is not flamebait! Enron was real, and they fucked things up for good!
  - morninglight 6y ago
    People have short memories. If you remember those days, this should chill your blood. It sounds like a fictional movie, but it was very real. Tapes: Enron plotted to shut down power plant https://www.cnn.com/2005/US/02/03/enron.tapes/ https://www.cnn.com/2005/US/02/03/enron.tapes/

The state that brought us Enron now getting Enron'd itself. Turnabout is fair play! Sucks for the regular folk, though...

coliveira 6y ago

Well, when you play these games with energy prices it is just a matter of time... and with the "new normal" in weather changes, it seems that it won't be the last time either.

dillondoyle 6y ago
And Republicans down there seem to be pushing for even more!! Rick Perry just said this in response to the White House pushing infrastructure spending after this disaster: “Texans would be without electricity for longer than three days to keep the federal government out of their business” But it was alright when Trump wanted to launch 'infrastructure week'? And it's totally ok to send in FEMA and a lot of other government assistance?!?! BTW tangent why hasn't FEMA sent in the ships that can provide power? I think the nuclear ones can and maybe even the Comfort but i'm not sure on that specifically

dang 6y ago

Please don't take HN threads into regional flamewar. That never ends well. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

morninglight 6y ago

Many young people have no memory of Enron. Instead of pointing fingers, it would be better if we presented them with historical facts. Because of fraudulent energy market manipulation, many thousands of people from around the world lost their jobs, homes and savings in the blink of an eye. Hopefully, we are not seeing a repeat of that fiasco, but if we are not vigilant, it could happen again. https://www.youtube.com/watch?v=e5qC1YGRMKI https://www.youtube.com/watch?v=e5qC1YGRMKI You might also be interested to know that former Enron CEO, Jeff Skilling, is no longer in prison and was reported to be starting a digital energy marketplace. https://www.bizjournals.com/houston/news/2020/06/05/former-enron-ceo-jeffrey-skilling-veld.html https://www.bizjournals.com/houston/news/2020/06/05/former-e...

tomc1985 6y ago
Indeed, it feels a bit weird getting a warning on my original comment when I remember all the BS we had to put up with from people who were reselling our own power back to us. I don't know for sure but I don't think electricity prices ever came back down from that. Like that comment was dripping with irony and schadenfreude, sure, but is not flamebait! Enron was real, and they fucked things up for good!
- morninglight 6y ago
  People have short memories. If you remember those days, this should chill your blood. It sounds like a fictional movie, but it was very real. Tapes: Enron plotted to shut down power plant https://www.cnn.com/2005/US/02/03/enron.tapes/ https://www.cnn.com/2005/US/02/03/enron.tapes/