Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

B P Are In The Dock For Manipulating Oil Prices

Recommended Posts

http://www.bloomberg.com/apps/news?pid=206...kU&refer=uk

BP's Crude, Gasoline Trading Under U.S. Investigation (Update2)

By Stephen Voss
Aug. 29 (Bloomberg) -- BP Plc, Europe's second-largest oil company, is
being investigated by U.S. authorities for possible manipulation of crude oil and gasoline markets
, a further blow to a reputation that's already suffering from oil spills in Alaska.
The crude oil inquiry is led by the U.S. Commodity Futures Trading Commission, which regulates futures markets, and the Justice Department is probing its gasoline trades, BP spokesman Robert Wine in London said. BP is ``cooperating fully,'' he said.
BP Chief Executive Officer John Browne already faces civil and criminal investigations in the U.S., including grand juries that are examining an Alaskan oil spill and a 2005 Texas City refinery explosion that killed 15 people. The U.S. government in June alleged BP traders attempted to manipulate propane prices, a charge BP denied.

Some find it hard to believe that an oil company could stoop to manipulation of prices, least of all a UK company. :o

Share this post


Link to post
Share on other sites

http://www.bloomberg.com/apps/news?pid=206...kU&refer=uk

BP's Crude, Gasoline Trading Under U.S. Investigation (Update2)

By Stephen Voss
Aug. 29 (Bloomberg) -- BP Plc, Europe's second-largest oil company, is
being investigated by U.S. authorities for possible manipulation of crude oil and gasoline markets
, a further blow to a reputation that's already suffering from oil spills in Alaska.
The crude oil inquiry is led by the U.S. Commodity Futures Trading Commission, which regulates futures markets, and the Justice Department is probing its gasoline trades, BP spokesman Robert Wine in London said. BP is ``cooperating fully,'' he said.
BP Chief Executive Officer John Browne already faces civil and criminal investigations in the U.S., including grand juries that are examining an Alaskan oil spill and a 2005 Texas City refinery explosion that killed 15 people. The U.S. government in June alleged BP traders attempted to manipulate propane prices, a charge BP denied.

Some find it hard to believe that an oil company could stoop to manipulation of prices, least of all a UK company. :o

I don't and I work for one of them, it is all about the money, power and which merc you drive higher up the ladder.

#scoobydoo#

:ph34r:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.