Godlike Productions - Reply to Thread

Users Online Now: 1,689 (Who's On?)	Visitors Today: 509,792
Pageviews Today: 829,018	Threads Today: 235	Posts Today: 4,418
08:41 AM

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: Font:

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 16224007:MV8xOTI2MzY3XzMyMjU4OTI1XzRBM0YxRjA0]
[quote:Anonymous Coward 19582961:MV8xOTI2MzY3XzY3MDlGQUZF]
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”.

http://www.telegraph.co.uk/earth/energy/fuel/9401934/Libor-scandal-Was-the-petrol-price-rigged-too.html
[/quote]

As if this is not already known fact.  Give me a break.  So the question is WHY NOW - what are they up to?  A reason to necessarily skyrocket prices at the pump?
[/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)





\| Next Page >>