How the World Works: Globalization, Globalization Blogs - Salon.com: "The long arms of Enron reach beyond the grave
'Excessive Speculation in the Natural Gas Market,' a139-page report released June 25 by the United States Senate's Permanent Subcommittee on Investigations, is a masterpiece of its genre. An account of the energy market shenanigans engaged in by the now-defunct hedge fund Amaranth, the report is well-written, extensively documented, and makes a dramatically persuasive argument: A broken regulatory system allowed Amaranth the leeway to distort natural gas prices, and the system needs to be fixed."
Saturday, July 07, 2007
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