Tuesday, June 21, 2005

Check for Wax Wings

Saw an interesting, and timely, documentary tonight -- "Enron: The Smartest Guys in the Room."

It's a fascinating look at how what was once the 7th largest company in America unraveled so quickly. The film is one of those one-sided documentaries where you have no interest in hearing the other side. It paints a picture of greed and hubris.

The documentary places the blame for California's energy crisis squarely at the foot of deregulation and suggests that it was prompted by Enron's last ditch attempts to make money while its finances were crumbling.

I know that people will always be greedy, but when will they learn not to talk about their greed on recorded phone calls? That makes them the dumbest guys in the room.

Timely stuff since just yesterday an initiative dealing with the regulation of energy qualified for California's November 8th Special Election ballot.

Looks like the fight over electricity hasn't run out of energy itself.

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