Originally posted by sleeper
Originally posted by forestlady
Well, I was living in California at the time of Enron's collapse. I was paying $300 a month for heating a small little cottage. I knwe people with
$600 and $700 dollar a month utility bills. That was about a 300% increase in price and it all happened when Enron took over.
I live in the Midwest and we didn't have Enron, but we had and continue to have those high utility bills.
The fault lies with the left, who did their best to stop cheep nuclear energy back in the sixties. Nearly every country in Europe uses nuclear plants
to power their cities, yet here in the most advanced country in the world we still burn coal and natural gas---is that asinine or what?
Now we have to pay through the nose for our power, thanks to the Hollywood left propaganda machine that scared Americans away from nuclear power
plants.
This isn't a partisan issue, the left had nothing to do with it. The problem came from, at least in California, Califiornia not building any more
energy plants, even though they knew they needed them. Instead, they contracted with energy companies, thereby creating an extremely unneccessary
middle man, who could raise prices as high as they wanted.
BTW, it was the gov of calif at that time, who's administration was responsible for this change. His name was Pete Wilson, BTW on a side note, he was
a Republican. It wasn't the Democrats who decided not to build more power plants.
Enron fell because it was corrupt, the books were cooked. When that news got out, that's when their stock started falling. Enron lied about its
assets and yeah, smart people got scared and sold their assets, like any sensible person would have done. Enron was badly managed and it was corrupt
at the top.