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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (226564)	2/12/2002 5:57:49 PM
From: DuckTapeSunroof	Respond to of 769667

Obviously. But Enron thought of it's self as primarily a trading firm, a la the Wall Street trading houses. They felt that they could take nearly any product with a demand, and trade it profitably. Whether they were "all that" when it came to trading profitably or not... the fact that there has been a successful market in US pollution credits for years (traded among the utilities principally) proves the point that IF there were a demand for "CO2 credits" they could be traded as well. Putting aside for now whether or not CO2 emissions are a serious global problem or not, for the point of argument, IF CO2 emission standards WERE set... than the Free Market (trading of credits) would be the most efficient way to allocate them.