At what point will Libs stop and think; "Oh shit, what have we done?"

[JonKoch]

Maybe when they induce rolling blackouts from their third world energy policies.....NY.....VT......CA headed that direction.......MN trying hard to get started down the road

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

"The California electricity crisis, also known as the Western U.S. Energy Crisis of 2000 and 2001, was a situation in which the United States state of California had a shortage of electricity supply caused by market manipulations, illegal shutdowns of pipelines by the Texas energy consortium Enron, and capped retail electricity prices."

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

California electricity crisis - Wikipedia

And they were prosecuted and jailed,,,,which is more than Obama did to the bankers for much worse.

LOCKED UP? LMAOROG, Hint IF you don't allow the "free market" to run a ponzi scheme on US like Dubya did, there wouldn't need to be any prosecutions!

"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN’T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them.
FACTS on Dubya's great recession

 

[JonKoch]

Maybe when they induce rolling blackouts from their third world energy policies.....NY.....VT......CA headed that direction.......MN trying hard to get started down the road

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

"The California electricity crisis, also known as the Western U.S. Energy Crisis of 2000 and 2001, was a situation in which the United States state of California had a shortage of electricity supply caused by market manipulations, illegal shutdowns of pipelines by the Texas energy consortium Enron, and capped retail electricity prices."

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

California electricity crisis - Wikipedia

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

Cali? The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

LMAOROG, Sure Bubs, THAT'S what caused it *shaking head*

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

 

[toobfreak]

Will it be when all of California is an exact replica of the third world shithole that is Tijuana Mexico?
Will it be when we have more low-life takers on welfare sucking the tit than we have legitimate givers?
Will it be when all of New York is made up of nothing but Trannys and Homos?
Will it be when there are no entry level worker positions as things go full automation due to a high minimum wage?
Will it be when all 15 year old little girls use abortion as a contraceptive?
Will it be when all drugs are legal and little Johnny can score heroin on his local corner from someone not breaking the law?

Libs...do you ever stop and think; WHAT THE FUCK AM I THINKING?

California Leads U.S. Economy, Away From Trump
Whatever the president says, this state does the opposite. It's working.

California is the chief reason America is the only developed economy to achieve record GDP growth since the financial crisis of 2008 and ensuing global recession, according to data compiled by Bloomberg. Much of the U.S. growth can be traced to California laws promoting clean energy, government accountability and protections for undocumented people.

...In the stock and bond markets, where investors show no allegiance to political parties, California has outperformed the rest of the U.S. the past five years, especially since the Nov. 9 election


California's borrowing cost is 0.15 percentage points lower than the average for states and municipalities and has declined to just 0.24 percentage points more than the U.S. pays on its debt, down from 1.97 percentage points in 2013.

At the same time, bonds sold by California's municipalities produced a total return of 2.3 percent since November, outperforming the benchmark for the U.S., according to data compiled by Bloomberg
California Leads U.S. Economy, Away From Trump



Blue States are from Scandinavia, Red States are from Guatemala

In the red states, government is cheaper, which means the people who live there pay lower taxes. But they also get a lot less in return. The unemployment checks run out more quickly and the schools generally aren’t as good. Assistance with health care, child care, and housing is skimpier, if it exists at all. The result of this divergence is that one half of the country looks more and more like Scandinavia, while the other increasingly resembles a social Darwinist’s paradise.
Blue States are from Scandinavia, Red States are from Guatemala

CONGRATUATIONS, dude! Just joined the forum as a paid Troll and already you are pulling it down with fake news and ABSOLUTE RUBBISH!

 

[toobfreak]

Will it be when all of California is an exact replica of the third world shithole that is Tijuana Mexico?
Will it be when we have more low-life takers on welfare sucking the tit than we have legitimate givers?
Will it be when all of New York is made up of nothing but Trannys and Homos?
Will it be when there are no entry level worker positions as things go full automation due to a high minimum wage?
Will it be when all 15 year old little girls use abortion as a contraceptive?
Will it be when all drugs are legal and little Johnny can score heroin on his local corner from someone not breaking the law?

Libs...do you ever stop and think; WHAT THE FUCK AM I THINKING?

BornLoser, at what point will libs think Oh Shit, What have I done? When it is too late. If they ever fully get what they THINK they want, they will be the most surprised to see that they will be the first to go.

 

[deanrd]

Funny, it took 8 years but that's what Republicans finally said about Bush. Even Trump hates Bush.

And Republicans won't let Bush anywhere near their convention. They just wish he would go away.

But Bush only came out of hiding because he knows that finally, we have a worse president.

Report: Bush called Trump's inauguration speech 'some weird s--t'

 

[Ringel05]

Will it be when all of California is an exact replica of the third world shithole that is Tijuana Mexico?
Will it be when we have more low-life takers on welfare sucking the tit than we have legitimate givers?
Will it be when all of New York is made up of nothing but Trannys and Homos?
Will it be when there are no entry level worker positions as things go full automation due to a high minimum wage?
Will it be when all 15 year old little girls use abortion as a contraceptive?
Will it be when all drugs are legal and little Johnny can score heroin on his local corner from someone not breaking the law?

Libs...do you ever stop and think; WHAT THE FUCK AM I THINKING?

Tissue? Butthurt cream?

Dude! You say the exact same shit in every post I see of yours. Is that all you know, three words?

It was appropriate besides I have to dumb it down for the likes of you. Thought you'd appreciate that?

 

[JonKoch]

Will it be when all of California is an exact replica of the third world shithole that is Tijuana Mexico?
Will it be when we have more low-life takers on welfare sucking the tit than we have legitimate givers?
Will it be when all of New York is made up of nothing but Trannys and Homos?
Will it be when there are no entry level worker positions as things go full automation due to a high minimum wage?
Will it be when all 15 year old little girls use abortion as a contraceptive?
Will it be when all drugs are legal and little Johnny can score heroin on his local corner from someone not breaking the law?

Libs...do you ever stop and think; WHAT THE FUCK AM I THINKING?

California Leads U.S. Economy, Away From Trump
Whatever the president says, this state does the opposite. It's working.

California is the chief reason America is the only developed economy to achieve record GDP growth since the financial crisis of 2008 and ensuing global recession, according to data compiled by Bloomberg. Much of the U.S. growth can be traced to California laws promoting clean energy, government accountability and protections for undocumented people.

...In the stock and bond markets, where investors show no allegiance to political parties, California has outperformed the rest of the U.S. the past five years, especially since the Nov. 9 election


California's borrowing cost is 0.15 percentage points lower than the average for states and municipalities and has declined to just 0.24 percentage points more than the U.S. pays on its debt, down from 1.97 percentage points in 2013.

At the same time, bonds sold by California's municipalities produced a total return of 2.3 percent since November, outperforming the benchmark for the U.S., according to data compiled by Bloomberg
California Leads U.S. Economy, Away From Trump



Blue States are from Scandinavia, Red States are from Guatemala

In the red states, government is cheaper, which means the people who live there pay lower taxes. But they also get a lot less in return. The unemployment checks run out more quickly and the schools generally aren’t as good. Assistance with health care, child care, and housing is skimpier, if it exists at all. The result of this divergence is that one half of the country looks more and more like Scandinavia, while the other increasingly resembles a social Darwinist’s paradise.
Blue States are from Scandinavia, Red States are from Guatemala

CONGRATUATIONS, dude! Just joined the forum as a paid Troll and already you are pulling it down with fake news and ABSOLUTE RUBBISH!

Sorry to trash your meme Bubba, I was a member for years, got locked out of my old Email account.

DAD2THREE

But thanks for attempting to refute ANYTHING I've posted

 

[Toddsterpatriot]

Maybe when they induce rolling blackouts from their third world energy policies.....NY.....VT......CA headed that direction.......MN trying hard to get started down the road

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

"The California electricity crisis, also known as the Western U.S. Energy Crisis of 2000 and 2001, was a situation in which the United States state of California had a shortage of electricity supply caused by market manipulations, illegal shutdowns of pipelines by the Texas energy consortium Enron, and capped retail electricity prices."

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

California electricity crisis - Wikipedia

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

Cali? The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

LMAOROG, Sure Bubs, THAT'S what caused it *shaking head*

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

Shortcomings of the wholesale electric market rules established under the State's restructuring plan contributed to the increase in wholesale prices. Specifically, under the market rules, PG&E, SCE, and SDG&E were required to buy all of their power through the CalPX. They could not enter into forward long-term contracts for energy. When spot market wholesale prices increased because of power shortages and increasing generation costs, the utilities had no option but to purchase the high-priced power.

Subsequent Events-California's Energy Crisis

What were you saying, moron?

 

[JonKoch]

Maybe when they induce rolling blackouts from their third world energy policies.....NY.....VT......CA headed that direction.......MN trying hard to get started down the road

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

"The California electricity crisis, also known as the Western U.S. Energy Crisis of 2000 and 2001, was a situation in which the United States state of California had a shortage of electricity supply caused by market manipulations, illegal shutdowns of pipelines by the Texas energy consortium Enron, and capped retail electricity prices."

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

California electricity crisis - Wikipedia

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

Cali? The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

LMAOROG, Sure Bubs, THAT'S what caused it *shaking head*

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

Shortcomings of the wholesale electric market rules established under the State's restructuring plan contributed to the increase in wholesale prices. Specifically, under the market rules, PG&E, SCE, and SDG&E were required to buy all of their power through the CalPX. They could not enter into forward long-term contracts for energy. When spot market wholesale prices increased because of power shortages and increasing generation costs, the utilities had no option but to purchase the high-priced power.

Subsequent Events-California's Energy Crisis

What were you saying, moron?

LMAOROG, Bubs I lived through Dubya'sa ENRON pals hold up, so yeah, I'll "believe" Dubya'sa DOE *SHAKING HEAD*


Two days of rolling blackouts in June 2000 that marked the beginning of California's energy crisis were directly caused by manipulative energy trading, according to a dozen former traders for Enron and its rivals.


The traders said that Enron's former president, Jeff Skilling, pushed them to "trade aggressively" in California and to do whatever was necessary to take advantage of the state's wholesale market to boost the price of Enron's stock ENRNQ


The traders also said that Enron's retail unit, Enron Energy Services, or EES, used the fear created by the blackouts to push large California businesses into more than $1 billion in long-term energy contracts.

WAIT YOU SAID NO LONG TERM CONTRACTS?


Phantom congestion


"There is a single connection between Northern and Southern California power grids. I heard that Enron traders purposely overbooked that line then caused others to need it, which allowed Enron to price gouge at will."

Gregg Fishman, spokesman for the California Independent System Operator, the state agency that manages the power grid, called the practice "phantom congestion," a reference made in the internal Enron memos released last week. "Phantom congestion" means power is being sent over a transmission line by the party holding the transmission rights simply to force others to pay more to use the line, according to Fishman.

The traders said Enron held the transmission rights on Path 26, a key transmission line connecting Northern California to Central California and also connecting to Path 15, a major bottleneck grid pathway in Northern California.

In fact, the dozen traders said they began manipulating California's power grid beginning in February 2000 and continued until the spring of 2001



....Enron was paid tens of millions of dollars in 2000 by the ISO to free up the congested line in order to allow electricity to be sent to Northern California, the traders said.

The traders said this was one of the ways Enron allegedly manipulated the price of power in California and continued to do so until mid-2001, when power prices sharply declined.

Enron linked to California blackouts


California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage. Energy traders took power plants offline for maintenance in days of peak demand to increase the price.Traders were thus able to sell power at premium prices, sometimes up to a factor of 20 times its normal value.


The crisis cost between US$40 to $45 billion.


California electricity crisis - Wikipedia

 

[Toddsterpatriot]

Maybe when they induce rolling blackouts from their third world energy policies.....NY.....VT......CA headed that direction.......MN trying hard to get started down the road

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

"The California electricity crisis, also known as the Western U.S. Energy Crisis of 2000 and 2001, was a situation in which the United States state of California had a shortage of electricity supply caused by market manipulations, illegal shutdowns of pipelines by the Texas energy consortium Enron, and capped retail electricity prices."

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

California electricity crisis - Wikipedia

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

Cali? The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

LMAOROG, Sure Bubs, THAT'S what caused it *shaking head*

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

Shortcomings of the wholesale electric market rules established under the State's restructuring plan contributed to the increase in wholesale prices. Specifically, under the market rules, PG&E, SCE, and SDG&E were required to buy all of their power through the CalPX. They could not enter into forward long-term contracts for energy. When spot market wholesale prices increased because of power shortages and increasing generation costs, the utilities had no option but to purchase the high-priced power.

Subsequent Events-California's Energy Crisis

What were you saying, moron?

LMAOROG, Bubs I lived through Dubya'sa ENRON pals hold up, so yeah, I'll "believe" Dubya'sa DOE *SHAKING HEAD*


Two days of rolling blackouts in June 2000 that marked the beginning of California's energy crisis were directly caused by manipulative energy trading, according to a dozen former traders for Enron and its rivals.


The traders said that Enron's former president, Jeff Skilling, pushed them to "trade aggressively" in California and to do whatever was necessary to take advantage of the state's wholesale market to boost the price of Enron's stock ENRNQ


The traders also said that Enron's retail unit, Enron Energy Services, or EES, used the fear created by the blackouts to push large California businesses into more than $1 billion in long-term energy contracts.

WAIT YOU SAID NO LONG TERM CONTRACTS?


Phantom congestion


"There is a single connection between Northern and Southern California power grids. I heard that Enron traders purposely overbooked that line then caused others to need it, which allowed Enron to price gouge at will."

Gregg Fishman, spokesman for the California Independent System Operator, the state agency that manages the power grid, called the practice "phantom congestion," a reference made in the internal Enron memos released last week. "Phantom congestion" means power is being sent over a transmission line by the party holding the transmission rights simply to force others to pay more to use the line, according to Fishman.

The traders said Enron held the transmission rights on Path 26, a key transmission line connecting Northern California to Central California and also connecting to Path 15, a major bottleneck grid pathway in Northern California.

In fact, the dozen traders said they began manipulating California's power grid beginning in February 2000 and continued until the spring of 2001



....Enron was paid tens of millions of dollars in 2000 by the ISO to free up the congested line in order to allow electricity to be sent to Northern California, the traders said.

The traders said this was one of the ways Enron allegedly manipulated the price of power in California and continued to do so until mid-2001, when power prices sharply declined.

Enron linked to California blackouts


California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage. Energy traders took power plants offline for maintenance in days of peak demand to increase the price.Traders were thus able to sell power at premium prices, sometimes up to a factor of 20 times its normal value.


The crisis cost between US$40 to $45 billion.


California electricity crisis - Wikipedia

Specifically, under the market rules, PG&E, SCE, and SDG&E were required to buy all of their power through the CalPX. They could not enter into forward long-term contracts for energy.

Subsequent Events-California's Energy Crisis

That's weird. When you have no long-term contracts, you can be manipulated into buying expensive power on the spot market. Fucking idiots.

 

[JonKoch]

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

"The California electricity crisis, also known as the Western U.S. Energy Crisis of 2000 and 2001, was a situation in which the United States state of California had a shortage of electricity supply caused by market manipulations, illegal shutdowns of pipelines by the Texas energy consortium Enron, and capped retail electricity prices."

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

California electricity crisis - Wikipedia

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

Cali? The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

LMAOROG, Sure Bubs, THAT'S what caused it *shaking head*

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

Shortcomings of the wholesale electric market rules established under the State's restructuring plan contributed to the increase in wholesale prices. Specifically, under the market rules, PG&E, SCE, and SDG&E were required to buy all of their power through the CalPX. They could not enter into forward long-term contracts for energy. When spot market wholesale prices increased because of power shortages and increasing generation costs, the utilities had no option but to purchase the high-priced power.

Subsequent Events-California's Energy Crisis

What were you saying, moron?

LMAOROG, Bubs I lived through Dubya'sa ENRON pals hold up, so yeah, I'll "believe" Dubya'sa DOE *SHAKING HEAD*


Two days of rolling blackouts in June 2000 that marked the beginning of California's energy crisis were directly caused by manipulative energy trading, according to a dozen former traders for Enron and its rivals.


The traders said that Enron's former president, Jeff Skilling, pushed them to "trade aggressively" in California and to do whatever was necessary to take advantage of the state's wholesale market to boost the price of Enron's stock ENRNQ


The traders also said that Enron's retail unit, Enron Energy Services, or EES, used the fear created by the blackouts to push large California businesses into more than $1 billion in long-term energy contracts.

WAIT YOU SAID NO LONG TERM CONTRACTS?


Phantom congestion


"There is a single connection between Northern and Southern California power grids. I heard that Enron traders purposely overbooked that line then caused others to need it, which allowed Enron to price gouge at will."

Gregg Fishman, spokesman for the California Independent System Operator, the state agency that manages the power grid, called the practice "phantom congestion," a reference made in the internal Enron memos released last week. "Phantom congestion" means power is being sent over a transmission line by the party holding the transmission rights simply to force others to pay more to use the line, according to Fishman.

The traders said Enron held the transmission rights on Path 26, a key transmission line connecting Northern California to Central California and also connecting to Path 15, a major bottleneck grid pathway in Northern California.

In fact, the dozen traders said they began manipulating California's power grid beginning in February 2000 and continued until the spring of 2001



....Enron was paid tens of millions of dollars in 2000 by the ISO to free up the congested line in order to allow electricity to be sent to Northern California, the traders said.

The traders said this was one of the ways Enron allegedly manipulated the price of power in California and continued to do so until mid-2001, when power prices sharply declined.

Enron linked to California blackouts


California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage. Energy traders took power plants offline for maintenance in days of peak demand to increase the price.Traders were thus able to sell power at premium prices, sometimes up to a factor of 20 times its normal value.


The crisis cost between US$40 to $45 billion.


California electricity crisis - Wikipedia

Specifically, under the market rules, PG&E, SCE, and SDG&E were required to buy all of their power through the CalPX. They could not enter into forward long-term contracts for energy.

Subsequent Events-California's Energy Crisis

That's weird. When you have no long-term contracts, you can be manipulated into buying expensive power on the spot market. Fucking idiots.

LMAOROG, Good thing you back tracked and put in the market delivery guys Bubs

YEAH, IT WAS SIMPLY THE "SPOT MARKET" THAT WAS THE PROBLEM *SHAKING HEAD*

RIGHT WING MORONS

 

[Toddsterpatriot]

You mean like when those "free market" guys like ENRON, hosed Cali and Dubya just shrugged his shoulders?

Cali? The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

LMAOROG, Sure Bubs, THAT'S what caused it *shaking head*

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

Shortcomings of the wholesale electric market rules established under the State's restructuring plan contributed to the increase in wholesale prices. Specifically, under the market rules, PG&E, SCE, and SDG&E were required to buy all of their power through the CalPX. They could not enter into forward long-term contracts for energy. When spot market wholesale prices increased because of power shortages and increasing generation costs, the utilities had no option but to purchase the high-priced power.

Subsequent Events-California's Energy Crisis

What were you saying, moron?

LMAOROG, Bubs I lived through Dubya'sa ENRON pals hold up, so yeah, I'll "believe" Dubya'sa DOE *SHAKING HEAD*


Two days of rolling blackouts in June 2000 that marked the beginning of California's energy crisis were directly caused by manipulative energy trading, according to a dozen former traders for Enron and its rivals.


The traders said that Enron's former president, Jeff Skilling, pushed them to "trade aggressively" in California and to do whatever was necessary to take advantage of the state's wholesale market to boost the price of Enron's stock ENRNQ


The traders also said that Enron's retail unit, Enron Energy Services, or EES, used the fear created by the blackouts to push large California businesses into more than $1 billion in long-term energy contracts.

WAIT YOU SAID NO LONG TERM CONTRACTS?


Phantom congestion


"There is a single connection between Northern and Southern California power grids. I heard that Enron traders purposely overbooked that line then caused others to need it, which allowed Enron to price gouge at will."

Gregg Fishman, spokesman for the California Independent System Operator, the state agency that manages the power grid, called the practice "phantom congestion," a reference made in the internal Enron memos released last week. "Phantom congestion" means power is being sent over a transmission line by the party holding the transmission rights simply to force others to pay more to use the line, according to Fishman.

The traders said Enron held the transmission rights on Path 26, a key transmission line connecting Northern California to Central California and also connecting to Path 15, a major bottleneck grid pathway in Northern California.

In fact, the dozen traders said they began manipulating California's power grid beginning in February 2000 and continued until the spring of 2001



....Enron was paid tens of millions of dollars in 2000 by the ISO to free up the congested line in order to allow electricity to be sent to Northern California, the traders said.

The traders said this was one of the ways Enron allegedly manipulated the price of power in California and continued to do so until mid-2001, when power prices sharply declined.

Enron linked to California blackouts


California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage. Energy traders took power plants offline for maintenance in days of peak demand to increase the price.Traders were thus able to sell power at premium prices, sometimes up to a factor of 20 times its normal value.


The crisis cost between US$40 to $45 billion.


California electricity crisis - Wikipedia

Specifically, under the market rules, PG&E, SCE, and SDG&E were required to buy all of their power through the CalPX. They could not enter into forward long-term contracts for energy.

Subsequent Events-California's Energy Crisis

That's weird. When you have no long-term contracts, you can be manipulated into buying expensive power on the spot market. Fucking idiots.

LMAOROG, Good thing you back tracked and put in the market delivery guys Bubs

YEAH, IT WAS SIMPLY THE "SPOT MARKET" THAT WAS THE PROBLEM *SHAKING HEAD*

RIGHT WING MORONS

You're a fucking moron.
If they were allowed to sign long term contracts, the manipulations of the short-term market
would have been a problem for the producers, not the consumers. DERP!

 

[BrokeLoser]

Will it be when all of California is an exact replica of the third world shithole that is Tijuana Mexico?
Will it be when we have more low-life takers on welfare sucking the tit than we have legitimate givers?
Will it be when all of New York is made up of nothing but Trannys and Homos?
Will it be when there are no entry level worker positions as things go full automation due to a high minimum wage?
Will it be when all 15 year old little girls use abortion as a contraceptive?
Will it be when all drugs are legal and little Johnny can score heroin on his local corner from someone not breaking the law?

Libs...do you ever stop and think; WHAT THE FUCK AM I THINKING?

California Leads U.S. Economy, Away From Trump
Whatever the president says, this state does the opposite. It's working.

California is the chief reason America is the only developed economy to achieve record GDP growth since the financial crisis of 2008 and ensuing global recession, according to data compiled by Bloomberg. Much of the U.S. growth can be traced to California laws promoting clean energy, government accountability and protections for undocumented people.

...In the stock and bond markets, where investors show no allegiance to political parties, California has outperformed the rest of the U.S. the past five years, especially since the Nov. 9 election


California's borrowing cost is 0.15 percentage points lower than the average for states and municipalities and has declined to just 0.24 percentage points more than the U.S. pays on its debt, down from 1.97 percentage points in 2013.

At the same time, bonds sold by California's municipalities produced a total return of 2.3 percent since November, outperforming the benchmark for the U.S., according to data compiled by Bloomberg
California Leads U.S. Economy, Away From Trump



Blue States are from Scandinavia, Red States are from Guatemala

In the red states, government is cheaper, which means the people who live there pay lower taxes. But they also get a lot less in return. The unemployment checks run out more quickly and the schools generally aren’t as good. Assistance with health care, child care, and housing is skimpier, if it exists at all. The result of this divergence is that one half of the country looks more and more like Scandinavia, while the other increasingly resembles a social Darwinist’s paradise.
Blue States are from Scandinavia, Red States are from Guatemala

California is home to many large companies and many wealthy people who turn a lot of cash and bring econ averages way up but that doesn't change the facts....we have more human cockroaches from the far south and more overall human filth than anywhere else and we're home to 33% of the nations welfare recipients.
To further explain....Bill Gates makes Medina, WA look good on paper (think average income) so do the mega corporations and the extremely wealthy in CA and NY. Thanks to old money, giant corps and the mega rich California and New York can still look good on a "framed" spreadsheet and you suckers eat it up....meanwhile the majority of residents live in filth on Top Ramen diets.

Consider this; Bill Gates could move to Detroit, the poorest city in the country and inflate econ averages on paper...Would that make Detroit a utopian paradise?
Liberal Loons have hid behind Google, Microsoft, Apple and the rest of Silicon Valley long enough...time to stop playing pretend and realize....YOU ARE TRASH!

1. "California is home to many large companies and many wealthy people who turn a lot of cash and bring econ averages way up but that doesn't change the facts..."

Weird with a 13% state tax on millionaire, why don't they flock to those red states again???


If you mean Cali, my state, unlike those "christian" red staters don't kick KIDS off welfare simply because their parents are ineligible after as short as a single year (Arizona) though most are "generous" to keep the poorest who qualify for cash aid 2-3 years???

Hey Bubs, IT'S NOT ECONOMIC AVERAGES, CALI LEADS THE NATION IN ECONOMIC ACTIVITY, AND WE ARE GOING TO BE PASSING THE ENTIRE NATION OF BRITAIN THIS YEAR


2017’s Most & Least Federally Dependent States


Most Federally Dependent States

Rank
(1 = Most Dependent)

State
Total Score
‘State Residents’ Dependency’ Rank
‘State Government’s Dependency’ Rank

1 Kentucky 76.16 6 5
2 Mississippi 75.59 7 1
3 New Mexico 73.88 3 17
4 Alabama 72.45 4 14
5 West Virginia 68.97 5 15
6 South Carolina 68.17 2 31
7 Montana 65.91 14 4
8 Tennessee 61.76 20 3
9 Maine 61.02 13 9
10 Indiana 59.18 7 23
11 Arizona 59.08 15 11
12 Louisiana 55.39 40 2
13 South Dakota 53.57 24 7
14 Missouri 52.66 31 6
15 Oregon 51.51 23 10
16 Georgia 49.81 34 8
17 Idaho 49.64 19 19
18 Vermont 49.56 18 20
19 Wyoming 48.80 26 12
20 Maryland 48.18 11 32
21 Oklahoma 47.78 21 18
22 Pennsylvania 46.15 17 30
23 Alaska 45.81 10 40
24 Rhode Island 45.05 36 16
25 Florida 43.84 27 22
26 Ohio 42.25 45 13
27 Arkansas 42.12 38 21
28 North Carolina 41.63 32 25
29 Hawaii 41.63 9 46
30 Iowa 41.38 33 26
31 Wisconsin 41.09 16 38
32 North Dakota 40.46 1 50
33 Michigan 40.43 35 27
34 New York 37.65 44 24
35 Texas 36.81 42 28
36 Washington 35.32 30 33
37 Colorado 35.20 29 34
38 Virginia 34.43 12 49
39 Nebraska 33.78 47 29
40 Utah 33.28 28 35
41 New Hampshire 31.11 37 36
42 Connecticut 27.80 22 48
43 Massachusetts 27.36 46 37
44 Nevada 26.94 25 47
45 Kansas 25.39 39 45
46 California 25.36 41 43
47 Illinois 23.96 48 41
48 New Jersey 23.84 49 39
49 Minnesota 23.09 43 44
50 Delaware 21.32 50 42
2017’s Most & Least Federally Dependent States

Just curious...don't Blacks and Hispanics typically vote Democrat?
21.3% of US Participates in Government Assistance Programs Each Month
Who Participated in Welfare?
The black population: At 41.6 percent, blacks were more likely to participate in government assistance programs in an average month.
The black participation rate was followed by Hispanics at 36.4 percent, Asians or Pacific Islanders at 17.8 percent, and non-Hispanic whites at 13.2 percent.

 

[PoliticalChic]

Will it be when all of California is an exact replica of the third world shithole that is Tijuana Mexico?
Will it be when we have more low-life takers on welfare sucking the tit than we have legitimate givers?
Will it be when all of New York is made up of nothing but Trannys and Homos?
Will it be when there are no entry level worker positions as things go full automation due to a high minimum wage?
Will it be when all 15 year old little girls use abortion as a contraceptive?
Will it be when all drugs are legal and little Johnny can score heroin on his local corner from someone not breaking the law?

Libs...do you ever stop and think; WHAT THE FUCK AM I THINKING?

California Leads U.S. Economy, Away From Trump
Whatever the president says, this state does the opposite. It's working.

California is the chief reason America is the only developed economy to achieve record GDP growth since the financial crisis of 2008 and ensuing global recession, according to data compiled by Bloomberg. Much of the U.S. growth can be traced to California laws promoting clean energy, government accountability and protections for undocumented people.

...In the stock and bond markets, where investors show no allegiance to political parties, California has outperformed the rest of the U.S. the past five years, especially since the Nov. 9 election


California's borrowing cost is 0.15 percentage points lower than the average for states and municipalities and has declined to just 0.24 percentage points more than the U.S. pays on its debt, down from 1.97 percentage points in 2013.

At the same time, bonds sold by California's municipalities produced a total return of 2.3 percent since November, outperforming the benchmark for the U.S., according to data compiled by Bloomberg
California Leads U.S. Economy, Away From Trump



Blue States are from Scandinavia, Red States are from Guatemala

In the red states, government is cheaper, which means the people who live there pay lower taxes. But they also get a lot less in return. The unemployment checks run out more quickly and the schools generally aren’t as good. Assistance with health care, child care, and housing is skimpier, if it exists at all. The result of this divergence is that one half of the country looks more and more like Scandinavia, while the other increasingly resembles a social Darwinist’s paradise.
Blue States are from Scandinavia, Red States are from Guatemala

California is home to many large companies and many wealthy people who turn a lot of cash and bring econ averages way up but that doesn't change the facts....we have more human cockroaches from the far south and more overall human filth than anywhere else and we're home to 33% of the nations welfare recipients.
To further explain....Bill Gates makes Medina, WA look good on paper (think average income) so do the mega corporations and the extremely wealthy in CA and NY. Thanks to old money, giant corps and the mega rich California and New York can still look good on a "framed" spreadsheet and you suckers eat it up....meanwhile the majority of residents live in filth on Top Ramen diets.

Consider this; Bill Gates could move to Detroit, the poorest city in the country and inflate econ averages on paper...Would that make Detroit a utopian paradise?
Liberal Loons have hid behind Google, Microsoft, Apple and the rest of Silicon Valley long enough...time to stop playing pretend and realize....YOU ARE TRASH!

1. "California is home to many large companies and many wealthy people who turn a lot of cash and bring econ averages way up but that doesn't change the facts..."

Weird with a 13% state tax on millionaire, why don't they flock to those red states again???


If you mean Cali, my state, unlike those "christian" red staters don't kick KIDS off welfare simply because their parents are ineligible after as short as a single year (Arizona) though most are "generous" to keep the poorest who qualify for cash aid 2-3 years???

Hey Bubs, IT'S NOT ECONOMIC AVERAGES, CALI LEADS THE NATION IN ECONOMIC ACTIVITY, AND WE ARE GOING TO BE PASSING THE ENTIRE NATION OF BRITAIN THIS YEAR


2017’s Most & Least Federally Dependent States


Most Federally Dependent States

Rank
(1 = Most Dependent)

State
Total Score
‘State Residents’ Dependency’ Rank
‘State Government’s Dependency’ Rank

1 Kentucky 76.16 6 5
2 Mississippi 75.59 7 1
3 New Mexico 73.88 3 17
4 Alabama 72.45 4 14
5 West Virginia 68.97 5 15
6 South Carolina 68.17 2 31
7 Montana 65.91 14 4
8 Tennessee 61.76 20 3
9 Maine 61.02 13 9
10 Indiana 59.18 7 23
11 Arizona 59.08 15 11
12 Louisiana 55.39 40 2
13 South Dakota 53.57 24 7
14 Missouri 52.66 31 6
15 Oregon 51.51 23 10
16 Georgia 49.81 34 8
17 Idaho 49.64 19 19
18 Vermont 49.56 18 20
19 Wyoming 48.80 26 12
20 Maryland 48.18 11 32
21 Oklahoma 47.78 21 18
22 Pennsylvania 46.15 17 30
23 Alaska 45.81 10 40
24 Rhode Island 45.05 36 16
25 Florida 43.84 27 22
26 Ohio 42.25 45 13
27 Arkansas 42.12 38 21
28 North Carolina 41.63 32 25
29 Hawaii 41.63 9 46
30 Iowa 41.38 33 26
31 Wisconsin 41.09 16 38
32 North Dakota 40.46 1 50
33 Michigan 40.43 35 27
34 New York 37.65 44 24
35 Texas 36.81 42 28
36 Washington 35.32 30 33
37 Colorado 35.20 29 34
38 Virginia 34.43 12 49
39 Nebraska 33.78 47 29
40 Utah 33.28 28 35
41 New Hampshire 31.11 37 36
42 Connecticut 27.80 22 48
43 Massachusetts 27.36 46 37
44 Nevada 26.94 25 47
45 Kansas 25.39 39 45
46 California 25.36 41 43
47 Illinois 23.96 48 41
48 New Jersey 23.84 49 39
49 Minnesota 23.09 43 44
50 Delaware 21.32 50 42
2017’s Most & Least Federally Dependent States

Just curious...don't Blacks and Hispanics typically vote Democrat?
21.3% of US Participates in Government Assistance Programs Each Month
Who Participated in Welfare?
The black population: At 41.6 percent, blacks were more likely to participate in government assistance programs in an average month.
The black participation rate was followed by Hispanics at 36.4 percent, Asians or Pacific Islanders at 17.8 percent, and non-Hispanic whites at 13.2 percent.

Obama got 93% of the black vote

Bill's wife got 88%


Welfare recipients of all colors vote Democrat...
81% of people receiving public housing benefits vote Democratic – and that’s just the tip of the handout iceberg
Georgia’s bruising and historically expensive special election is a must-win for Democrats

 

[Seawytch]

https://www.google.com/amp/www.news...tries-california-would-be-france-467614?amp=1

 

[whitehall]

Libs live in a fantasy world propped up by the liberal media. While President Trump is running circles around them they think they can reverse the results of the election. How can you talk to libs when they think they are winners when in fact they lost the presidency, both houses of congress, most governors and more than 3,000 state and local elections in less than a decade? Libs won't stop and think until the democrat party is a distant memory.

 

[BrokeLoser]

https://www.google.com/amp/www.newsweek.com/economic-output-if-states-were-countries-california-would-be-france-467614?amp=1

True story...thanks to Google, Microsoft and Apple...no thanks to California's filthy, dependent, bottom feeding residents...haha
Funny how low-class human turds act as if they are part of Silicon Valley and its success...haha...like the slow fat kid who doesn't contribute on a winning soccer team...time to stop playing pretend and riding others coattails....YOU ARE TRASH!

 

[Avatar4321]

They wont. Their paradigm has safeguards to prevent that. If they ever notice how bad things are it will be someone else's fault.

 

[BrokeLoser]

Will it be when all of California is an exact replica of the third world shithole that is Tijuana Mexico?
Will it be when we have more low-life takers on welfare sucking the tit than we have legitimate givers?
Will it be when all of New York is made up of nothing but Trannys and Homos?
Will it be when there are no entry level worker positions as things go full automation due to a high minimum wage?
Will it be when all 15 year old little girls use abortion as a contraceptive?
Will it be when all drugs are legal and little Johnny can score heroin on his local corner from someone not breaking the law?

Libs...do you ever stop and think; WHAT THE FUCK AM I THINKING?

California Leads U.S. Economy, Away From Trump
Whatever the president says, this state does the opposite. It's working.

California is the chief reason America is the only developed economy to achieve record GDP growth since the financial crisis of 2008 and ensuing global recession, according to data compiled by Bloomberg. Much of the U.S. growth can be traced to California laws promoting clean energy, government accountability and protections for undocumented people.

...In the stock and bond markets, where investors show no allegiance to political parties, California has outperformed the rest of the U.S. the past five years, especially since the Nov. 9 election


California's borrowing cost is 0.15 percentage points lower than the average for states and municipalities and has declined to just 0.24 percentage points more than the U.S. pays on its debt, down from 1.97 percentage points in 2013.

At the same time, bonds sold by California's municipalities produced a total return of 2.3 percent since November, outperforming the benchmark for the U.S., according to data compiled by Bloomberg
California Leads U.S. Economy, Away From Trump



Blue States are from Scandinavia, Red States are from Guatemala

In the red states, government is cheaper, which means the people who live there pay lower taxes. But they also get a lot less in return. The unemployment checks run out more quickly and the schools generally aren’t as good. Assistance with health care, child care, and housing is skimpier, if it exists at all. The result of this divergence is that one half of the country looks more and more like Scandinavia, while the other increasingly resembles a social Darwinist’s paradise.
Blue States are from Scandinavia, Red States are from Guatemala

California is home to many large companies and many wealthy people who turn a lot of cash and bring econ averages way up but that doesn't change the facts....we have more human cockroaches from the far south and more overall human filth than anywhere else and we're home to 33% of the nations welfare recipients.
To further explain....Bill Gates makes Medina, WA look good on paper (think average income) so do the mega corporations and the extremely wealthy in CA and NY. Thanks to old money, giant corps and the mega rich California and New York can still look good on a "framed" spreadsheet and you suckers eat it up....meanwhile the majority of residents live in filth on Top Ramen diets.

Consider this; Bill Gates could move to Detroit, the poorest city in the country and inflate econ averages on paper...Would that make Detroit a utopian paradise?
Liberal Loons have hid behind Google, Microsoft, Apple and the rest of Silicon Valley long enough...time to stop playing pretend and realize....YOU ARE TRASH!

1. "California is home to many large companies and many wealthy people who turn a lot of cash and bring econ averages way up but that doesn't change the facts..."

Weird with a 13% state tax on millionaire, why don't they flock to those red states again???


If you mean Cali, my state, unlike those "christian" red staters don't kick KIDS off welfare simply because their parents are ineligible after as short as a single year (Arizona) though most are "generous" to keep the poorest who qualify for cash aid 2-3 years???

Hey Bubs, IT'S NOT ECONOMIC AVERAGES, CALI LEADS THE NATION IN ECONOMIC ACTIVITY, AND WE ARE GOING TO BE PASSING THE ENTIRE NATION OF BRITAIN THIS YEAR


2017’s Most & Least Federally Dependent States


Most Federally Dependent States

Rank
(1 = Most Dependent)

State
Total Score
‘State Residents’ Dependency’ Rank
‘State Government’s Dependency’ Rank

1 Kentucky 76.16 6 5
2 Mississippi 75.59 7 1
3 New Mexico 73.88 3 17
4 Alabama 72.45 4 14
5 West Virginia 68.97 5 15
6 South Carolina 68.17 2 31
7 Montana 65.91 14 4
8 Tennessee 61.76 20 3
9 Maine 61.02 13 9
10 Indiana 59.18 7 23
11 Arizona 59.08 15 11
12 Louisiana 55.39 40 2
13 South Dakota 53.57 24 7
14 Missouri 52.66 31 6
15 Oregon 51.51 23 10
16 Georgia 49.81 34 8
17 Idaho 49.64 19 19
18 Vermont 49.56 18 20
19 Wyoming 48.80 26 12
20 Maryland 48.18 11 32
21 Oklahoma 47.78 21 18
22 Pennsylvania 46.15 17 30
23 Alaska 45.81 10 40
24 Rhode Island 45.05 36 16
25 Florida 43.84 27 22
26 Ohio 42.25 45 13
27 Arkansas 42.12 38 21
28 North Carolina 41.63 32 25
29 Hawaii 41.63 9 46
30 Iowa 41.38 33 26
31 Wisconsin 41.09 16 38
32 North Dakota 40.46 1 50
33 Michigan 40.43 35 27
34 New York 37.65 44 24
35 Texas 36.81 42 28
36 Washington 35.32 30 33
37 Colorado 35.20 29 34
38 Virginia 34.43 12 49
39 Nebraska 33.78 47 29
40 Utah 33.28 28 35
41 New Hampshire 31.11 37 36
42 Connecticut 27.80 22 48
43 Massachusetts 27.36 46 37
44 Nevada 26.94 25 47
45 Kansas 25.39 39 45
46 California 25.36 41 43
47 Illinois 23.96 48 41
48 New Jersey 23.84 49 39
49 Minnesota 23.09 43 44
50 Delaware 21.32 50 42
2017’s Most & Least Federally Dependent States

Just curious...don't Blacks and Hispanics typically vote Democrat?
21.3% of US Participates in Government Assistance Programs Each Month
Who Participated in Welfare?
The black population: At 41.6 percent, blacks were more likely to participate in government assistance programs in an average month.
The black participation rate was followed by Hispanics at 36.4 percent, Asians or Pacific Islanders at 17.8 percent, and non-Hispanic whites at 13.2 percent.

Obama got 93% of the black vote

Bill's wife got 88%


Welfare recipients of all colors vote Democrat...
81% of people receiving public housing benefits vote Democratic – and that’s just the tip of the handout iceberg
Georgia’s bruising and historically expensive special election is a must-win for Democrats

Hmmm...I wonder why Democrats fight so tirelessly to grow the lower class?
I remember when they would at least make an attempt to conceal their real intentions...they've become so shameless and blatant it's now on the surface for all to see.

 

[JonKoch]

LMAOROG, Sure Bubs, THAT'S what caused it *shaking head*

"California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage"

The place that wouldn't allow long term power contracts? Fucking morons. Fucked themselves good.

Shortcomings of the wholesale electric market rules established under the State's restructuring plan contributed to the increase in wholesale prices. Specifically, under the market rules, PG&E, SCE, and SDG&E were required to buy all of their power through the CalPX. They could not enter into forward long-term contracts for energy. When spot market wholesale prices increased because of power shortages and increasing generation costs, the utilities had no option but to purchase the high-priced power.

Subsequent Events-California's Energy Crisis

What were you saying, moron?

LMAOROG, Bubs I lived through Dubya'sa ENRON pals hold up, so yeah, I'll "believe" Dubya'sa DOE *SHAKING HEAD*


Two days of rolling blackouts in June 2000 that marked the beginning of California's energy crisis were directly caused by manipulative energy trading, according to a dozen former traders for Enron and its rivals.


The traders said that Enron's former president, Jeff Skilling, pushed them to "trade aggressively" in California and to do whatever was necessary to take advantage of the state's wholesale market to boost the price of Enron's stock ENRNQ


The traders also said that Enron's retail unit, Enron Energy Services, or EES, used the fear created by the blackouts to push large California businesses into more than $1 billion in long-term energy contracts.

WAIT YOU SAID NO LONG TERM CONTRACTS?


Phantom congestion


"There is a single connection between Northern and Southern California power grids. I heard that Enron traders purposely overbooked that line then caused others to need it, which allowed Enron to price gouge at will."

Gregg Fishman, spokesman for the California Independent System Operator, the state agency that manages the power grid, called the practice "phantom congestion," a reference made in the internal Enron memos released last week. "Phantom congestion" means power is being sent over a transmission line by the party holding the transmission rights simply to force others to pay more to use the line, according to Fishman.

The traders said Enron held the transmission rights on Path 26, a key transmission line connecting Northern California to Central California and also connecting to Path 15, a major bottleneck grid pathway in Northern California.

In fact, the dozen traders said they began manipulating California's power grid beginning in February 2000 and continued until the spring of 2001



....Enron was paid tens of millions of dollars in 2000 by the ISO to free up the congested line in order to allow electricity to be sent to Northern California, the traders said.

The traders said this was one of the ways Enron allegedly manipulated the price of power in California and continued to do so until mid-2001, when power prices sharply declined.

Enron linked to California blackouts


California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage. Energy traders took power plants offline for maintenance in days of peak demand to increase the price.Traders were thus able to sell power at premium prices, sometimes up to a factor of 20 times its normal value.


The crisis cost between US$40 to $45 billion.


California electricity crisis - Wikipedia

Specifically, under the market rules, PG&E, SCE, and SDG&E were required to buy all of their power through the CalPX. They could not enter into forward long-term contracts for energy.

Subsequent Events-California's Energy Crisis

That's weird. When you have no long-term contracts, you can be manipulated into buying expensive power on the spot market. Fucking idiots.

LMAOROG, Good thing you back tracked and put in the market delivery guys Bubs

YEAH, IT WAS SIMPLY THE "SPOT MARKET" THAT WAS THE PROBLEM *SHAKING HEAD*

RIGHT WING MORONS

You're a fucking moron.
If they were allowed to sign long term contracts, the manipulations of the short-term market
would have been a problem for the producers, not the consumers. DERP!

Oh right, just changing the decks on the Dubya Admin ENRON backed con game??? Gawd you wingnutters