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DealBook » Europe Raids 3 Companies in Oil Price Inquiry | The New York Times reports: "The authorities on Tuesday raided the offices of several oil companies and an industry data provider as part of a broader inquiry by the European Commission into potential price manipulation".
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This will protect you--though perhaps not completely--from a constant barrage of price inquiries.
Related: Iron ore pricing inquiry to go ahead, but won't 'interfere with free market', says Abbott The independent senator Nick Xenophon gave notice last week that he would move a motion in the Senate to set up an iron-ore inquiry, but did not press ahead with it after discussions with the treasurer, Joe Hockey.
In May of this year the European Commission initiated an action examining whether firms have colluded to distort reported prices ("Oil Companies Raided In E.U. Pricing Inquiry" Wall Street Journal 05.15.13).
For another, while Democrats and Republicans occasionally have different views in certain areas of antitrust, like merger reviews and predatory-pricing inquiries, the prosecution of price-fixing and cartels has become as accepted as combating terrorism and narcotics.
"We relentlessly challenge those that persist in avoiding tax and have recovered £29bn additional revenues from large businesses in the last six years, including £4.1bn in the last four years from transfer pricing inquiries alone.
If retailers buy consistently below the market price, the inquiry argues that they should have to prove not just that they have a paper trail but that they have checked there are no grounds to suspect the goods are counterfeit or "criminal property" – or risk being guilty of complicity in crime.
Once a male user puts in a request, which includes such subtle romanticisms as hours needed and desired price, the inquiry has just 21 minutes to be accepted by a female user in the area before it disappears into the erogenous ether.
Then last year the OFT threw in the towel on its price-fixing inquiry as it had uncovered "only limited evidence of potential price-fixing, much of which is contradicted by other material" and had other higher priority investigations to pursue.
Deutsche Lufthansa said it would pay $85 million to settle 80 class-action lawsuits in the United States in a price-fixing inquiry involving its air cargo unit.
The Exxon Mobil Corporation, the Royal Dutch/Shell Group, TotalFinaElf and other companies said European officials searched their offices as part of a price-fixing inquiry in the asphalt markets.
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