“Strike me down, and I will become more powerful than you can possibly imagine.” – Ken Lay
Well no, not really, but it might as well have been.
The Commodity Futures Trading Commission is investigating Enron’s role in setting up a regime to manipulate crude oil prices. A regime that still lives on some seven years after Enron’s collapse.
Enron and the complete collapse of the regulatory mechanisms in the 90s really apparently did a number. Not only did Enron cause the California Power Crisis, and through extension oust Gray Davis for the Governator™, but apparently they’re responsible for setting up a shadow market to manipulate the price of oil.