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When GreenHat Energy collapsed after blowing millions of dollars speculating on power prices, it made something plain: Energy traders are gamblers, and ratepayers back every bet.
Bloomberg Businessweek's Mark Leydorf reads "The Power Grid Is Just Another Casino for Energy Traders" by David Kocieniewski and Naureen S. Malik.
Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
See omnystudio.com/listener for privacy information.
By Bloomberg and iHeartPodcastsWhen GreenHat Energy collapsed after blowing millions of dollars speculating on power prices, it made something plain: Energy traders are gamblers, and ratepayers back every bet.
Bloomberg Businessweek's Mark Leydorf reads "The Power Grid Is Just Another Casino for Energy Traders" by David Kocieniewski and Naureen S. Malik.
Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
See omnystudio.com/listener for privacy information.