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Investors needed to pay to develop an instructional set of Enron Strategy Trading Cards. Fleece large entities, like California. Soak your friends. Play Power Games like Get Shorty to the cringeworthy tunes of corporate anthems (courtesy of Chris Raettig)
Octane, We're gonna rock-tane This thing called Octane, It swings with performance Octane, Competition is in shock-tane, This thing called Octane, It swings with performance
Enron traders were ''creating, and then relieving, phantom congestion'' on California's electricity grid. The documents also detail what investigators described as ''megawatt laundering,'' in which Enron bought power in California, resold the power out of the state and then bought the power back and resold it back into California. ~ CNN, NY Times.
You don't need a hero You don't need any myth What you need is some action, so get a load of this
Within Enron, traders used strategies code-named Fat Boy, Ricochet, Get Shorty, Load Shift and Death Star to increase Enron's profits from trading power:
- Death Star - "for moving energy to relieve congestion without actually moving any energy or relieving any congestion."
- Load Shift - creating "the appearance of congestion through the deliberate overstatement" of power to be delivered.
- Ricochet - sending power out of California, then reselling it back into the state to avoid California price caps.
Collect the whole set!
You don't wanna be mediocre Not just run-of-the-mill Some computer-hacking joker Baby grab that thrill
8:50:26 AM
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