The headline sums up the story documented by reporters Scott Thurm, Robert Gavin, and Mitchel Benson. They begin with an anecdote of one electric power trade during California's "energy crisis" of 2000, where the power artificially changed hands five times while tripling in price. After looking at reams of documents, the reporters findings: "Energy companies seized on loopholes and local shortages to charge prices hundreds of times higher than normal. Suppliers withheld power from the state's primary market, and sometimes idled power plants to induce shortages and boost prices. Gas companies manipulated supplies and prices, driving up the cost of a main ingredient of electricity. Enron played a much bigger role than previously believed in California's energy market. Its trading strategies overwhelmed regulators and drove up prices." The Journal's conclusions were bolstered by a similar report released two days later by California's Public Utilities Commission. The story tests a suspicion that many people held at the time, but which the press either didn't or couldn't investigate back then. It appears to undercut the "energy crisis" rationale upon which the Bush Administration has based many of its energy and environmental policies.