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BP oil trading comes under scrutiny
Anchorage daily News ^
| May 4th, 2008
| LES BLUMENTHAL
Posted on 05/04/2008 7:20:11 AM PDT by BlueMoose
FEDS: Did giant try to manipulate market for crude in 2000?
(Excerpt) Read more at adn.com ...
TOPICS: US: Alaska
KEYWORDS:
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I have been told that Alaska's North Slope was NOT being exported to Asia.
1
posted on
05/04/2008 7:20:11 AM PDT
by
BlueMoose
To: BlueMoose
Headline: Oil Companies Gouge Consumers
In Other News: Sun Rises in East
"Water is wet" Says Expert
Francisco Franco Still Dead
2
posted on
05/04/2008 7:26:32 AM PDT
by
IronJack
(=)
To: BlueMoose
3
posted on
05/04/2008 7:26:42 AM PDT
by
am452
(In order to ensure the quality of your patriotism, your conversation may be monitored.)
To: MNJohnnie
WASHINGTON -- Eight years ago, Federal Trade Commission investigators believed that BP occasionally exported oil from Alaska's North Slope to Asia in an effort to drive up spot crude oil prices on the West Coast. What's this johnny??? It can't be. A oil company would never do this. LOL
(Whenever a freeper mentions oil companies maybe up to shenanignas the resident pro oil company can never do anything wrong mouth piece, mnjohnnie, call them ignorant )
4
posted on
05/04/2008 7:43:28 AM PDT
by
am452
(In order to ensure the quality of your patriotism, your conversation may be monitored.)
To: BlueMoose
"
... Now the commission has issued a 39-page document citing the BP trading and other examples and asking for public comment on whether such activity represents the type of "market manipulation" in the oil industry that Congress has given it broad new powers to investigate ... "
I give up ...
I'm gonna find a cave in the woods, and start eating bugs & berries.
ΜΟΛΩΝ ΛΑΒE
5
posted on
05/04/2008 7:49:14 AM PDT
by
G.Mason
(Duty, Honor, Country)
To: BlueMoose
Since Bush is coming under fire for the oil companies doings right now then it is only fair to ask..WHO WAS PRESIDENT IN 2000? DUH
6
posted on
05/04/2008 8:10:41 AM PDT
by
blueyon
(Loose lips sink ships.)
To: BlueMoose
If BP somehow shipped some oil from Prudhoe to Asia when they were not allowed to do that, they must have done some amazing things like made an oil tanker invisible like the Philadelphia Experiment.
7
posted on
05/04/2008 8:13:44 AM PDT
by
RightWhale
(Repeal the Law of the Excluded Middle)
To: RightWhale
Ah but they are not shipping to asia.
8
posted on
05/04/2008 8:35:13 AM PDT
by
BlueMoose
To: BlueMoose
Not from Prudhoe, not for many years.
9
posted on
05/04/2008 8:36:18 AM PDT
by
RightWhale
(Repeal the Law of the Excluded Middle)
To: BlueMoose
You forgot to add, “Grasshoppa”.
10
posted on
05/04/2008 8:38:31 AM PDT
by
budwiesest
("Next penguin craps on my jet is gonna get it"..A. Gore)
To: RightWhale
And not from kenai ?
How did the FTC get such an idea.
To: BlueMoose
“``Lots of government bodies’’ have looked ``very hard’’ for evidence of manipulation or price gouging and ``they’ve generally had a tough time finding it,’’ Keith Hennessey, director of the National Economic Council, told Bloomberg Television today. ``What they’ve found is that these markets tend to be competitive.’’ “
Well i just don’t know.
To: BlueMoose
Don’t know about Kenai. Probably entirely different legal regime.
13
posted on
05/04/2008 8:49:12 AM PDT
by
RightWhale
(Repeal the Law of the Excluded Middle)
To: BlueMoose
Ok I see this is from the DU. Kerry Cantwell.
To: BlueMoose
15
posted on
05/04/2008 9:03:38 AM PDT
by
weezel
To: RightWhale
THey have been shiping gas out of Kenai for years.
ANd fettilized made from natural gas.
It’s called export trade and helps to offset the trade deficiet.
I’m just pi**ed because to ‘help’ me use less gas, the local owner raised my rates 45% in two years....
16
posted on
05/04/2008 9:13:16 AM PDT
by
ASOC
(Training Storungen werden auf Papier notiert. Taktische Storungen werden im Stein geatzt. Gen Rommel)
To: BlueMoose
How would someone track insider trading and churning commodities to raise prices? Say if a turd like Soros would want to cripple the American economy to raise the misery and point the voters towards a "Workers Paradise" candidate, could it be traced that he sold contracts between two entities he controls?
I smell turds in all this, or is it methane?
17
posted on
05/04/2008 9:15:47 AM PDT
by
Thebaddog
(Dog breath? I don't think so.)
To: ASOC
We have natural gas in Fairbanks if not entirely inside city limits. It is trucked as LNG in from Kenai. Have no idea what the cost might be, but we’re about ten miles from the end of the pipe so it isn’t an actual matter of concern right now.
18
posted on
05/04/2008 9:22:06 AM PDT
by
RightWhale
(Repeal the Law of the Excluded Middle)
To: BlueMoose
If Maria Cantwell, that great mind and economist, says so, then it must be.
19
posted on
05/04/2008 9:28:24 AM PDT
by
BfloGuy
(It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
To: BlueMoose
Cantwell said that if BP exports oil to short supply, it is manipulation. "Until we passed the energy bill last year, it may not have been a clear violation. Now it is illegal," she said. And Cantwell and her buddies "short supply" by outlawing drilling in ANWAR and off our coasts, thereby driving up the cost of gasoline, which inturn reduces our ability to drive, which inturn reduces our "carbon footprint", which makes Al Gore happy and serves the Democratic party's environmental lobby.
20
posted on
05/04/2008 9:48:54 AM PDT
by
Donald Rumsfeld Fan
("Sincerity is everything. If you can fake that, youÂ’ve got it made." Groucho Marx)
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