Hindsight

U.S. Energy Secretary: ‘Best Practices’ Needed in Fracking

U.S. Department of Energy (DOE) Secretary Steven Chu said Monday the Obama administration was looking for the “best practices” to move forward with hydraulic fracturing (fracking) of shale gas.

April 27, 2011

Enron to Focus on Core Assets, Streamline Operations

In hindsight, said Enron Chairman and CEO Kenneth L. Lay, the company made some “very bad investments in its non-core businesses,” and as a result, the fourth quarter earnings will reflect that. However, Lay emphasized during an investor update conference call that “everything we know, you know.” Enron is expected to update guidance on its fourth quarter earnings in the next few weeks, but going forward, Lay said merger-bound Enron will go “back to basics” and focus on the core assets that had propelled the Houston-based company into the Fortune 100.

November 15, 2001