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Old 05-30-2008, 04:25 PM   #3 (permalink)
cfg83
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jsl4980 -

Thanks for the links. I had been hearing that it is a speculative Enron-style bubble as well. Here is one current ongoing investigation :

Statement of Senator Dianne Feinstein at Oversight Hearing on Gas Prices and Energy Trading - May 8, 2006
http://feinstein.senate.gov/06releas...pcoversght.htm
Quote:
The hearing, “Lessons from Enron: An Oversight Hearing on Gas Prices and Energy Trading,” explored similarities between activity in today’s energy markets and energy markets during the summer of 2001, a time when Enron was manipulating markets to reap billions in windfall profits.

Senator Feinstein’s legislation would increase transparency and accountability in the energy markets so that federal government can determine if speculation, manipulation, or hoarding is occurring in the oil, gas, and electricity markets. It would: ...

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