Is OPEC following Enron's example set in California? With Enron, the company shut down power stations to create rolling blackouts and force the government to deregulate the markets. After they did that, Enron jacked up the prices and kept limiting supply to californians as an excuse to make the prices higher. Isn't OPEC doing the same thing? Oil prices were high, and OPEC kept deciding to cut supply. Today, just as the price is coming back to Earth, supply's been cut again. Demand is just the same (even more, since it's winter). Supply is less. Prices go up. In the end, the State of California declared a state of emergency and retook control of the power stations and stabilised supply. What are the big oil consumers (USA, I'm looking at you) going to do? Energy independence is one way to do it. Another is to find some leverage against the names in OPEC (Saudi Arabia, Venezuela). I wanted to get your thoughts. Are OPEC following Enron? Will they meet the same fate (at the hand of renewable energy?). I don't really see much room for debate, but maybe I'm missing something.