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March 23, 2017

Archives:

14 Year Old Child Bride Facing Death Penalty for Murdering Husband -

Saturday, November 29, 2014

BREAKING: New Coal Disaster In West Virginia -

Tuesday, February 11, 2014

U.S. Hostage Freed by Colombia’s FARC Rebels (Video) -

Monday, October 28, 2013

Here’s Why The Zimmerman Verdict Matters -

Sunday, July 14, 2013

BREAKING! UK Government Spied On Allies At TWO G20 Summits (Video) -

Sunday, June 16, 2013

Swiss Support Tougher Asylum Legislation as Refugee Numbers Spike -

Monday, June 10, 2013

American Woman Killed in Syria Fighting for Terrorists, Syrian TV Claims (Video) -

Friday, May 31, 2013

CO2 in the Air Reached its Highest Level in Human History -

Friday, May 10, 2013

Terms of the New Abortion Bill Agreed by Irish Cabinet -

Wednesday, May 1, 2013

Boston In Lockdown As Manhunt Intensifies -

Friday, April 19, 2013

2 Dead, Dozens Injured After Boston Marathon Bombing -

Monday, April 15, 2013

Fast Food Workers in New York Stage Surprise Strike -

Saturday, April 6, 2013

N. Korean Rhetoric Provokes Missile Shield Deployment -

Wednesday, April 3, 2013

Eyewitness Accounts from Meiktila Massacre -

Wednesday, April 3, 2013

Sudan to Free All Political Prisoners -

Monday, April 1, 2013

A New Free Press In Burma Juxtaposed With Genocide: The World Will Be Watching -

Friday, March 29, 2013

Pressure Builds to End Ethnic Violence in Myanmar -

Friday, March 29, 2013

Activists Demand Action As Further Genocide Looms -

Tuesday, March 26, 2013

Cyprus Reaches Last-Minute Bailout Deal With EU -

Monday, March 25, 2013

Myanmar Muslims Brace for Possible Genocide -

Sunday, March 24, 2013

BP and Shell HQs Raided by European Commission on Oil Price Fixing Suspicion

Two of Britain’s biggest oil companies’ London headquarters were raided by EU investigators yesterday, over allegations that customers have been ripped off at the petrol pump for years.

The officers from the European Commission’s competition authority searched BP and Shell’s offices, to look for evidence of price rigging.

In the wake of the Libor interest rate manipulation scandals, the EC has launched an investigation on what could be the next price fixing scandal by these big oil companies conspiring to inflate oil prices and, in turn, the cost of petrol.

The Commission stated that the anti-competitive co-operation may also have prevented others from taking part in the assessment of market prices.

Even small difference in prices may have a huge impact on the prices of crude oil and oil products such as petrol, potentially harming final consumers.

The Commission’s statement did not identify the companies involved, saying the inspections had taken place in two EU member states and one non-EU country.

Shell spokesperson said: “We can confirm that Shell companies are currently assisting the European Commission in an enquiry into trading activities. We are fully cooperating with the investigation.”

A BP statement also confirmed the company was “cooperating fully” with the probe.

According to the EC statement “Any such behavior, if established, may amount to violations of European antitrust rules that prohibit cartels and restrictive business practices and abuses of a dominant market position (Articles 101 and 102 of the Treaty on the Functioning of the EU and Articles 53 and 54 of the EEA Agreement).”

If the firms are found guilty of manipulating the market, it would mean consumers have been paying unfairly inflated price for oil, for years.

Emine Dilek (194 Posts)

Publisher/Managing Editor: Progressive Press. Contributing Editor: WVoN-Women's Views on News. Columnist: Palm Beach Woman Magazine. Former executive producer and radio host: WVR -Women's Voice Radio, Human Rights/Peace Activist, Aspiring Author/ Journalist/ Poet/ Blogger. Emine also appears as a revolving guest on PNN radio show -international political analyst-, and had been a guest on Liberal Fix and Brian Hammer Jackson Show. Her articles have been published in various publications such as The Vibe UK, The New Agenda, W.E.A Women @ Work, Amazing Women Rock and ICAHK.