An American company specializing in the production and transportation of gas, it was founded in 1985 by Kenneth Lay, a former member of the Reagan administration and close to Republican Party heavyweights like Bush, father and son. In the 1990s, deregulation of the energy market led Enron to become an energy broker. The company offered complex financial products to its clients, and this was a period of intense trading. Carried away in its momentum, the firm extends as well to raw materials as to telecommunication by selling bandwidth for example. From 1995 to 2000, the turnover increases from 10 to 100 billion dollars!
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