The Rise of Financial Energy Trading Markets: Enter the Hedge Funds

It has taken over two years for the financial train wreck of Enron and merchant energy trading to get back on track and for the trading market to be rebuilt. The dire warnings that the industry would be in turmoil for many years were exaggerated, but the predictions that Humpty Dumpty would be put back together again also were dead wrong. We did not see the globalization of electric utilities that many had thought would happen...
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