DieselPwr44 Posted October 26, 2007 Author Share Posted October 26, 2007 So....here's something for those that say it's just supply and demand and that the major oil companies never scheme to drive prices up.... http://biz.yahoo.com/ap/071025/bp_settlement.html Oil and Gas Giant BP Settles Price-Fixing, Environment Charges; 4 Ex-Employees Indicted WASHINGTON (AP) -- Global energy giant BP PLC agreed Thursday to pay $373 million to settle criminal and civil charges that it overcharged U.S. propane consumers by millions of dollars and ignored environmental warnings that resulted in an Alaska oil spill and a deadly explosion in Texas. Additionally, a federal grand jury in Chicago indicted four former BP traders who were caught on tape discussing an alleged scheme to pump up profits by cornering the propane markets Now if they'll try to price-rig propane, just what do you think they are doing with oil/gas?????? Link to comment Share on other sites More sharing options...
DieselPwr44 Posted October 26, 2007 Share Posted October 26, 2007 So....here's something for those that say it's just supply and demand and that the major oil companies never scheme to drive prices up.... http://biz.yahoo.com/ap/071025/bp_settlement.html Oil and Gas Giant BP Settles Price-Fixing, Environment Charges; 4 Ex-Employees Indicted WASHINGTON (AP) -- Global energy giant BP PLC agreed Thursday to pay $373 million to settle criminal and civil charges that it overcharged U.S. propane consumers by millions of dollars and ignored environmental warnings that resulted in an Alaska oil spill and a deadly explosion in Texas. Additionally, a federal grand jury in Chicago indicted four former BP traders who were caught on tape discussing an alleged scheme to pump up profits by cornering the propane markets Now if they'll try to price-rig propane, just what do you think they are doing with oil/gas?????? Link to comment Share on other sites More sharing options...
Joe Sick Posted October 26, 2007 Share Posted October 26, 2007 What is $400 million to these guys? A week's profit? Capitalism at its best... I wonder who'll pay up first: BP for this fine or Exxon to clean up the Valdez spill Link to comment Share on other sites More sharing options...
Joe Sick Posted October 26, 2007 Share Posted October 26, 2007 What is $400 million to these guys? A week's profit? Capitalism at its best... I wonder who'll pay up first: BP for this fine or Exxon to clean up the Valdez spill Link to comment Share on other sites More sharing options...
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