Using Volatility of Gas Prices to Make Money

In 19 85, when enron is created, the vast majority of its contracts are long term contracts. By 19 90, before anybody starts lying about anything, 75 % of the sales are on these spot markets where it's like fluctuating prices,. That's the company's central insight, is that we have to use the volatility of gas prices to make money. Another thing tat iron does is they set up something caled a gas bank, where people can buy futures in gas prices. And again, they're a monopoly, so they're the only people that have this giant gas bank set up. But it works out really well for them, because either way, they're getting fees