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Bizzarely prophetic Enron "Why" commercial

submitted by gluonium

1 decade 7 years 6 months 4 weeks ago

Comedy

A bizzarely prophetic commercial from Enron in their last days when they dove headlong with insane desperation and actually tried to sell 'weather trading'. Weather derivatives, as they called them consisted of nothing more than betting on the weather.

3 Comments

Ask why.

The most ironic statement ever.

zephyre says...

Weather derivatives do have a purpose. And as far as I know they're still being traded.

http://en.wikipedia.org/wiki/Weather_derivatives
"

The CME currently trades weather derivative contracts for 18 cities in the United States, nine in Europe, six in Canada and two in Japan. Most of these contracts track cooling degree days or heating degree days, but recent additions track frost days in the Netherlands and monthly/seasonal snowfall in Boston and New York."

Nebosuke says...

Even after reading the bit about weather derivatives, I have no idea what they are.

It reminds me of the Pork Futures Warehouse from the Discworld series of books. It's where the pork that will be in the future appears.

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