Chapter 1429 Power Vacuum

Since you can't change anything, the best option is to sit on the sidelines. Of course, it is also important to understand the driving force behind this. William White didn't believe that a few inconspicuous little characters could actually play out such a big situation.

"Um, William, you're telling me that there's no way this thing can be undone?" As Florida's recount came to an end, Bush's identity was finally confirmed. While he was inexplicably excited, he also discovered that he needed to fill the hole that the donkeys had made before.

"George, they asked for this. I have never encountered such a weird thing. To be honest, it is a blessing from God that it has not gone bankrupt until now."

Bushu couldn't accept this answer at all. Donkey is very powerful in California. Now that something like this has happened, of course he should attack the city.

However, it's true that Lao Ke is a lame duck, but you can't overstep him. He originally thought well. After he took office, this trouble would be over. Even if there was anything, it would not be his fault.

Unfortunately, according to the briefing we just obtained, Pacific Gas and Electric is planning to file for bankruptcy protection.

Well, this guy just lay on the ground and didn't care about anything, but things didn't end there. There should be no electricity or there should be no electricity, there should be no gas or there should be no gas.

"William, do you know what $300 per megawatt hour means?

God, what a ridiculous price that must be. "

Of course William White knows the absurdity, this is basically more than ten times the price of electricity in Texas. That is to say, there are not many industries in California. This kind of electricity price is plunder for ordinary residents, and it is basically equivalent to murder for industrial and mining companies.

"Well, George, tell me, what are you going to do now?

By the way, Gray Davis told me yesterday that the Federal Energy Regulatory Commission dismissed California’s complaint. You know, with the current electricity bill, my store will need to consider power cuts. "

Although this guy is just talking nonsense, how much can you use in a store will only reduce some profits. Alternatively, the prices of frozen food and beverages may be increased appropriately.

But these are not important. What is important is that William White told the future boss of the United States that it is not that simple. Such simple price manipulation has actually become a manifestation of marketization when it comes to the Federal Energy Regulatory Commission.

The most outrageous thing is that the Ministry of Justice actually turned a blind eye.

"What? Is Patawood crazy or stupid?" Bushu's question obviously had no answer. William White knew that it could be said that this guy was able to sit in his current position entirely because of Kenneth Lay's handiwork, and this great master was the CEO of Enron.

Did you see, there is a story in this!

First of all, industrial securitization was Enron’s first move. And this Pacific Gas obviously intends to follow suit.

From An Ran's point of view, you are just impatient with life. Isn't it good to dance on the platform I built? You dare to start a new one. If everyone followed this example, I would not be able to survive my life.

Since you want to die, I'm sorry. I'll give you a ride.

Bushu understood that William White did not say the most critical content. Because it's not necessary. If you understand, then you should pretend to be a fool. If you don't understand, just continue to understand.

There is no way to explain it. A behemoth like Enron involves so many forces that it is simply unimaginable.

Electricity prices can also be speculated like stocks. William White really doesn't know what to say about the magical brain circuits of these bastards.

If it becomes normal in the future, you will find a very strange scene. In places with low electricity prices, it doesn't matter if the air conditioner is turned on 24 hours a day. In places with high electricity prices, it is best to use candles. Because when you use electricity, you can definitely hear the sound of gold coins slipping from your pocket.

William White finally understood how Enron's bubble of growth against the trend was blown up. General Electric, a company with a market capitalization much higher than Enron's, had a profit of only about 10 billion in 1999.

But what about Enron?

Afterwards, statistics showed that in less than a year, California had been robbed of US$20 billion. Among them, Enron gained more than 70%.

It's just a business, which directly puts General Electric on the ground. If other profits are included, it seems that a valuation of one trillion is not impossible.

Other companies make money, but this guy just steals it. In this process, all regulatory authorities in the United States were collectively absent.

You see, this is why William White can be sure that as long as the Department of Justice comes to trouble him, there must be some external force involved.

Otherwise, it is impossible. The influence of William White is definitely not comparable to that of Enron.

You see, it's just a game console. The Ministry of Justice has too much time to think about investigating monopolies.

But the protagonist was changed to Enron. From Peanutton to Wall Street, except for the governor of California and some congressmen who were filled with indignation, all other forces and people suddenly turned into clay and wood sculptures.

Game consoles, do you think a dominant player will reduce market competition. This bastard in Legend World will eventually sell this thing for a sky-high price.

To be honest, do you believe what you say?

What is the current situation?

The selling price and cost of game consoles are upside down. Without those popular game software, Legend World would have lost money.

Of course, William White is not a good bird either. He benefited a lot from this incident. Otherwise, this guy's vicious tongue would never have spared anyone.

Regardless of Bushu's entanglement, William White knew very well that as a veteran oil family, he knew Enron too well.

Come to think of it, this guy may be tough on his words, but he doesn't actually mean it. Unless, unless he plans to imitate his father.

Huh, so what about the president. If you don't understand current affairs, you won't be able to see the sun tomorrow. At the very least, your election four years from now will definitely not have any good results.

Not to mention this guy's luck, Lao Ke, who was staying in Peanutton, was obviously a little restless. A lame duck is a lame duck. The scapegoat for this matter, and the one who ultimately needs to bear the consequences, is definitely Clinton.

George W. Bush does not need to express any opinions. If he says anything at this time, it will inevitably cause a backlash. Sooner or later, you will be the president. Could it be that you can't wait for more than a month?

Delay, except kicking the ball, is delaying. Apart from that, there is really nothing he can do. Looking at the portrait in the hall and the blue dress under his feet, Lao Ke felt a pain in his balls.

However, if he intervenes in the California energy crisis at this time, there is no need to think about it. His retirement career will definitely not be too exciting.