Users Online Now:
3,039
(
Who's On?
)
Visitors Today:
1,153,548
Pageviews Today:
2,209,463
Threads Today:
1,039
Posts Today:
19,419
11:04 PM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
Lie-bor manipulated, Gold manipulated now Oil manipulated.....? Everything in the "So called Free market" is manipulated.....EVERYTHING !
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 19582961:MV8xOTI2MzY3XzMyMjU3Nzg2XzdCMjQ5QjY4] The oil pricing scam is gaining strength !! Deeper coverup ongoing right now (this minute) !! However, Simon Lewis, chief executive of the GFMA wrote in an open letter to IOSCO: "there is potential for conflicts of interest to arise where PRAs engage in revenue generation, price reporting and news services on oil markets, as incentives may arise to favour those who pay greater subscriber fees or provide greater access to market information." [b]Mr Lewis called for "barriers or fire walls to minimize contamination risk of information." [/b] http://www.bbc.co.uk/news/business-18856018 [/quote]
Original Message
Concerns are growing about the reliability of oil prices, after a report for the G20 found the market is wide open to “manipulation or distortion”.
Traders from banks, oil companies or hedge funds have an “incentive” to distort the market and are likely to try to report false prices, it said.
Politicians and fuel campaigners last night urged the Government to expand its inquiry into the Libor scandal to see whether oil prices have also been falsely pushed up.
They warned any efforts to rig the oil price would affect how much drivers pay at the pump, which soared to a record high of 137p per litre of unleaded earlier this year.
Robert Halfon, who led a group of 100 MPs calling for lower fuel prices, said the matter “needs to be looked at by the Bank of England urgently”.
[
link to www.telegraph.co.uk
]
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>