Enron manipulation of electricity prices and Oil Prices today? Do you see any similarities?

Yes, and oddly enough, both sectors have deregulated trading rules.


WHAT a coincidence, eh?Enron manipulation of electricity prices and Oil Prices today? Do you see any similarities?
We need to commit to major initiatives to produce renewable energy resources, and change the way we look at things, shop, drive and so on.





Oil is a finite resource. It will run out eventually.





Plus, we cannot stop developing nations like China and India and others.





It is supply and demand, and we use way more than we need to.Enron manipulation of electricity prices and Oil Prices today? Do you see any similarities?
Why yes, Neither, I do. About those rolling blackouts, it seems once CA electricity went up$$$, the blackouts no longer happened.


And because of the Enron loophole, oil speculators can run amok..thus, causing us pain at the pump.


Did you know that Phil Gramm, McCain's economic adviser, was the Senator to push through the Enron Loop-hole. We are so in for it if McCain should win
I just watched CNN’s international Channel(3pm EST), breaking the news that oil price spikes again. But the anchor and the reporter assert it is China’s diesel demand contributed to the hike.





Waited a sec ! It is already THIRD time I am hearing CNN’s assertion of China’s diesel demand. The first time was about two weeks ago. What’s going on?





Then, Israel’s-Iran-attack-drill news flashing back-------Which Was Just Happened This Morning ! That “unmistakable signal” is surely an act to have a consequence of oil supply disruption ! Why is it not reported as a oil spiking cause ? !





Time to scapegoat China again before a major offensive ? To verify, I went to CNN web site , there it is :





China hikes fuel prices http://money.cnn.com/2008/06/20/news/int…





China to raise energy prices


http://money.cnn.com/2008/06/19/news/int…





But nowhere saying that Israel’s-Iran-attack-drill will unstablize the oil supply region, causing the oil price up.





For Israelis Iran Strike Drill see


http://www.jpost.com/servlet/Satellite?c…
The difference is that oil is a publicaly traded commodity. It is a world market...





Electricity is regional, and it is created and distributed at a source...





Now, I would buy that argument if we had our own oil to burn and the pirces were still that high!
yeah... mainly these products that are used in HUGE amounts are increasing in price at a HUGE rate...





meanwhile, both industries say ';supply and demand';... while never really explaining much else about it...





does anyone realize how much demand would have to increase to actually double the price on these commodities that are dealt in such volume? it would have to be enormous in a small time period (a couple of years)





EDIT: ENRON was publicly traded... right...
Sure do in Yahoo news it said a Gulf co. a consortium of states that produce oil are forecasting an income of 1.3 Trillion $$$$$ in 2008 .2009...Do you hear that Giant Vacum running !...For years the oil blog has told us we HAVE plenty of oil.....They wanted us to be addicted to oil so they can Reap the $$$$$
So who do you think is manipulating worldwide oil prices ?





Canada ?? Venezuela ?? Mexico ?? Nigeria ??





Netherlands ?? Britian ?? Russia ??
Yes I do.