Chapter
Enron’s Manipulative Energy Traders
20:37 - 26:28 (05:50)
Enron energy traders figured out how to move energy out of the state and bring it back at inflated prices, all while making billions and replacing the executive of the state to their advantage.
Clips
Enron's energy traders moved energy in and out of California to create a fake scarcity and inflated prices, taking advantage of the state's patchwork compromise laws.
20:37 - 23:46 (03:08)
Enron
Summary
Enron's energy traders moved energy in and out of California to create a fake scarcity and inflated prices, taking advantage of the state's patchwork compromise laws.
ChapterEnron’s Manipulative Energy Traders
EpisodeHow Enron Fooled the World
PodcastStuff You Should Know
Traders from Enron manipulated California's energy market, costing the state between 40 and 45 billion dollars in retrospect of unnecessary prices and costs, in addition to replacing the state's executive with a more Enron-friendly individual.
23:46 - 26:28 (02:41)
Enron
Summary
Traders from Enron manipulated California's energy market, costing the state between 40 and 45 billion dollars in retrospect of unnecessary prices and costs, in addition to replacing the state's executive with a more Enron-friendly individual.