Former Enron Trader Sees Change in Houston Oil Patch

Yes, I can feel it. People that were solidly reliable energy are now on the unreliable patch. They must know that this is a journey into insanity and they still go along with it. At least they profess to go along with it loudly while spending some marketing money for show-off projects. Oh, grabbing some taxpayer cash through those subsidies sweetens the deal. But it’s a bad deal they underestimate the opponent. This one cannot be argued with – they will learn the hard way.

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