Thursday, May 9, 2019
ENRON
ENRON was the biggest energy company in the 2000s. They would buy energy and then sell it every day, selling billions of dollars worth of energy every day. States would buy their electricity from ENRON and then they would sell it to all their citizens. In the early 2000s, there was a huge energy crisis in California. ENRON contributed to the energy crisis because they made their prices more expensive and people could not pay for the electricity and so they had to shut down and had these rolling blackouts. These rolling blackouts were when the electricity would just randomly shut off in the city since people could not pay for it. During this time, ENRON misleads the public and had lied to them about how much they were earning, and the ENRON workers were being told to keep buying things.
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