Enron Traders Phone Call - Secret Scandals

http://FxJoshWilson.com

This is a private conversation between 2 Enron Traders before the corporation went belly up.

Category:

News & Politics

Tags:

• Enron
• traders
• scandal
• corporation
• stock market
• oil
• California
• energy
• crisis
• insider trading
• illegal
• conversation
• finance
• calls
• analysis

[jesscarey411]

Your video is a favorite on Congo

[borderwilson69]

@jesscarey411 Really... who would have thought? Let's keep it going!

[borderwilson69]

So many people are unaware of what really goes on behind the scenes?

[dallasrichar26]

Your video is a favorite on Victoria

[TheRealMustikos]

I cannot understand why people involved in such scams are still around .. go to jail, eat better than "free" people, they get internet, library, exercise, etc... back in the early when I went to community college, the average cost per inmate was $35,000. Prisons are a for-profit business, unfortunately ... these scamming scumbags probably still have plenty of money, half-get out of penalties because they pay off officials with the money they scammed honest people out of..

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[GpmNZ89]

@fvgdfbdokd You missed my point buddy, you said supply and demand didn't matter then you used an example of supply and demand to prove a point, thus contradicting yourself. Lowering production or keeping oil out at sea LOWERS SUPPLY thus raising the price, this is textbook supply and demand, I would have assumed "industry experts" like yourself would atleast know some basic economics.

[fvgdfbdokd]

@GpmNZ89 Go suck a dick. Lowering production can be beneficial under the correct circumstances. Imagine if I have 3 75M ton oil tankers sitting in the gulf of mexico (which by the way are the largest ships that can fit through the Panama Canal) and I tell them to wait out there until a situation where oil production drops.  Demand remains constant. I can then tell them to dock and sell that oil FOR A MUCH HIGHER price. This is more common than you think trust me. :)

[GpmNZ89]

@fvgdfbdokd "the traditional rules of supply and demand do not apply" yet lowering production raises the price?!?! You really must be an "industry expert", please keep this mind blowing insider tips coming.

[fvgdfbdokd]

So in other worse go fuck yourselves. I guess all you democrat moochers should have studied something worthwhile in college instead of underwater basket weaving you fucking ball suckers.

[fvgdfbdokd]

Why are any of you idiots surprised? This is pretty normal for those of us who work in the industry. Energy companies do not compete on price the traditional rules of supply and demand do not apply because there are only a few companies that can supply Los Angeles with power. What we do compete on is PRODUCTION. If someone starts charging less for power the correct response is not to lower ur prices but lower your production. This will force prices to rise via the market and u maintain advantage