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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 en
by 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 agoIndeed, 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 agoPeople 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/