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To: liberallarry
a middleman whose main business was not producing or delivering power but trading it--was never really needed.

This writer has no clue of the important function of that traders bring to a market. They provide liquidity and also absorb risk. He should read about commodity and futures markets and learn, before looking like a dumbo.

8 posted on 11/30/2001 7:44:58 AM PST by AmericaUnited
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To: AmericaUnited
He should read about commodity and futures markets and learn, before looking like a dumbo.

Maybe your comment would be better directed at Enron.

I wasn't aware electricity was a "commodity" traded publicly like Hillary's cattle future's.

16 posted on 11/30/2001 8:19:13 AM PST by lewislynn
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