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Ichingcarpenter

(36,988 posts)

1. The Guardian's report link

Reply to Ichingcarpenter (Original post)

Wed May 15, 2013, 02:39 AM

May 2013

The London offices of BP and Shell have been raided by European regulators investigating allegations they have "colluded" to rig oil prices for more than a decade.

The European commission said its officers carried out "unannounced inspections" at several oil companies in London, the Netherlands and Norway to investigate claims they may have "colluded in reporting distorted prices to a price reporting agency [PRA] to manipulate the published prices for a number of oil and biofuel products".

The commission said the alleged price collusion, which may have been going on since 2002, could have had a "huge impact" on the price of petrol at the pumps "potentially harming final consumers".

http://www.guardian.co.uk/business/2013/may/14/bp-shell-oil-price-rigging

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Petrol price 'rigged for a decade' EU raids Shell/BP [View all] Ichingcarpenter May 2013 OP

The Guardian's report link Ichingcarpenter May 2013 #1

No duh. It's been pretty obvious that the price of oil & its derivatives is rigged for a long time. HiPointDem May 2013 #2

Well then Ichingcarpenter May 2013 #3

never HiPointDem May 2013 #4

in the US or eu never Rise Rebel Resist May 2013 #6

K&R Hugin May 2013 #5

Never doubted it for a minute. jambo101 May 2013 #7

Quite perversely dipsydoodle May 2013 #8

Isn't the tax by the liter and not by the price? Ichingcarpenter May 2013 #10

Vat is definately on the price , currently 20% , dipsydoodle May 2013 #11

But it the govt take from VAT hadn't been going up, and the actual cost of the fuel going up, muriel_volestrangler May 2013 #16

I've never undestood the price differential dipsydoodle May 2013 #18

Hardy a surprise Sherman A1 May 2013 #9

Lenin's book Imperialism, the Highest Stage of Capitalism malaise May 2013 #12

I'm shocked, shocked I tell you. hobbit709 May 2013 #13

I'm shocked that EU regulators Ichingcarpenter May 2013 #14

+1 n/t Laelth May 2013 #15

Heres the Canadian breakdown of the price per liter. jambo101 May 2013 #17

Oil pricing probe widens, Britain pledges tough action. dipsydoodle May 2013 #19

I hope US media Ichingcarpenter May 2013 #20

K&R Nice catch. n/t Egalitarian Thug May 2013 #21