Royal Dutch Shell lobbied against proposed European rules designed to clamp down on commodity market abuse, arguing they would raise costs for consumers and increase market volatility. Shell argued strongly against elements of EC reforms to “strengthen the fight against market abuse across commodity and related derivative markets”. By Emily Gosden: 10:00PM BST [...]
Posts under ‘Business Principles’
Shell and BP bosses secretly met twice a year to fix oil prices?
The Sun newspaper alleges Shell boss Jeroen van der Veer secretly met Lord Browne of BP twice a year to discuss oil prices. Perfectly matched pair to engage in some jiggery-pokery. By John Donovan The Sun newspaper alleges Shell boss Jeroen van der Veer secretly met Lord Browne of BP twice a year to discuss [...]
Libor in a barrel
Oil markets fall under the suspicion of price-fixing on a global scale May 18th 2013 |From the print edition IT IS a lesson of the past five years that benchmarks in unregulated markets can fall victim to the incentives they create. Subprime mortgages bundled into securities often won high scores from ratings agencies that stood [...]
Senator calls for U.S. to join oil price probe
Kevin McCoy, USA TODAY4:43 p.m. EDT May 17, 2013 U.S. public concern over a European probe into possible oil price manipulation escalated Friday as the head of the Senate Committee on Energy and Natural Resources urged the Justice Department to join the investigation. The request from Sen. Ron Wyden, D-Ore., came after European Union investigators [...]
Platts in Lockdown as Investigators Continue Oil Probe
Published: Friday, 17 May 2013 | 3:54 AM ET European anti-trust investigators searched the offices of price agency Platts and at least one major oil company for a third day on Thursday, hunting for evidence of possible price manipulation on oil markets, witnesses said. Authorities raided the London bureau of Platts in Canary Wharf [...]
TABLOID COVERAGE OF ALLEGED OIL PRICE FIXING
EXAMPLES OF UK TABLOID COVERAGE OF ALLEGED PRICE FIXING AT THE PUMP pdf file of above pages
The Serious Fraud Office ‘urgently reviewing’ oil price inquiry
UK fraud authorities are “urgently reviewing” whether to launch an investigation into companies that may have rigged the oil market and driven up petrol costs for millions of drivers. By Rowena Mason and Christopher Hope: 7:06PM BST 16 May 2013 The Serious Fraud Office said it is considering an inquiry, after European Commission officials raided [...]
Price fixing is in the Shell DNA
With Royal Dutch Shell, price fixing is not a matter of conjecture, but normal operating procedure. Its in the company DNA. Shell has a disgraceful history of price fixing/cartel activity stretching back over a century, including a cartel operated with its Nazi partner, I.G. Farben, found guilty of war crimes. Shell’s history of market manipulation, [...]
BP and Shell raided in oil price-rigging investigation
The London offices of BP and Shell have been raided by European regulators investigating allegations they have “colluded” to rig oil prices for more than a decade. European commission carries out ‘unannounced inspections’ to investigate claims oilcompanies colluded to manipulate prices Rupert Neate and Terry Macalister guardian.co.uk, Tuesday 14 May 2013 19.29 BST The London [...]
BP and Royal Dutch Shell raided
BP and Royal Dutch Shell saw their offices raided today as the European Commission launched an investigation into oil price fixing. The Commission said it is concerned there has been collusion aimed at manipulating the prices of not only oil, but also petrol and biofuels. A bogus market? By This Is Money Reporter PUBLISHED: 16:58, 14 [...]
EU anti-trust raids involving Royal Dutch Shell?
Shell, Europe’s biggest oil company, confirmed that Shell companies are “currently assisting” the European Commission in an inquiry into trading activities. Tip off from a Shell related source… By John Donovan Dow Jones Newswires is reporting confirmation from Royal Dutch Shell Plc that Shell companies are assisting the European Commission enquiry into trading activities. Shell [...]
OSSL TO CONFRONT ROYAL DUTCH SHELL PLC BOARD AT AGM
By John Donovan The owners of The OSSL Company who have blown the whistle on a massive police corruption scandal in Ireland sponsored by Shell, are intending to confront the board of Royal Dutch Shell Plc at the AGM being held in The Hague on Tuesday 21 May. Desmond Kane and Neil Rooney of OSSL [...]
Shell Censorship
Our arch-critic, LondonLad, who has been posting comments on our Shell Blog for many years under his current or former alias, mostly highly critical of our articles, has stated: “I genuinely salute the Donovan’s for inserting comments on the Blog from the likes of myself.” Unlike Royal Dutch Shell, we are receptive to criticism. Sometimes [...]
Opponents of Oxford’s partnership with Shell
Shell’s research money is also buying legitimacy for its unconscionable activities globally. These include human rights abuses in the Niger delta, reckless drilling plans in the Arctic, fracking in South Africa, and carbon-intensive tar sands extraction that undermines indigenous rights in Canada. Thursday 9 May 2013 Today sees the launch of a new partnership between [...]
SHELL INDUSTRIAL SCALE CORRUPTION OF THE IRISH POLICE
Astonishingly, none of these Shell officials, nor John Gilligan, Alan Shatter, or anyone else in the Irish government, police, or any oversight body, has asked me to supply the voluminous evidence. No one seems shocked, or even interested. There have been no denials issued, nor have I received any threats of litigation, as could be [...]
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