"But the most important thing is, Enron did not cause the California crisis"
About this Quote
The phrasing also smuggles in a convenient category error. “Cause” is doing heavy lifting. If you can’t be pinned as the singular origin of a complex breakdown, you can present yourself as basically innocent. That’s a defense built for systems failures, where responsibility is diffuse by design. It’s not “Enron didn’t profit from” or “Enron didn’t manipulate” or “Enron didn’t exploit”; it’s “did not cause,” a standard so absolute it’s almost impossible to meet in either direction.
Context makes the sentence feel less like clarification and more like preemption. During the early-2000s California electricity crisis, public anger searched for villains; Enron, with its trading prowess and later-revealed gaming of markets, was an obvious target. Lay’s intent is to decouple Enron’s actions from people’s lived experience of rolling blackouts and price shocks. The subtext: even if you’re mad, aim your anger elsewhere - regulators, weather, demand, anyone but the traders who figured out how to turn scarcity into strategy. It’s a PR firewall built from one slippery verb.
Quote Details
| Topic | Business |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Lay, Kenneth. (2026, January 15). But the most important thing is, Enron did not cause the California crisis. FixQuotes. https://fixquotes.com/quotes/but-the-most-important-thing-is-enron-did-not-158825/
Chicago Style
Lay, Kenneth. "But the most important thing is, Enron did not cause the California crisis." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/but-the-most-important-thing-is-enron-did-not-158825/.
MLA Style (9th ed.)
"But the most important thing is, Enron did not cause the California crisis." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/but-the-most-important-thing-is-enron-did-not-158825/. Accessed 5 Feb. 2026.



