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BP, Shell and the oil price reporting agency Platts all had their London offices raided on Wednesday by competition authority investigators who are concerned about collusion and manipulation of oil and biofuel product markets.
"As part of this call for information, the OFT asked for evidence on whether speculation or manipulation of oil spot and futures markets or inaccurate oil or wholesale road fuel price reporting could be leading to higher pump prices.
In addition to escalated arms sales to other anti-American states like Iran and Venezuela, policy makers and specialists in Washington envision a freeze on counterterrorism and nuclear nonproliferation cooperation, manipulation of oil and natural gas supplies, pressure against United States military bases in Central Asia and the collapse of efforts to extend cold war-era arms control treaties.
A year ago, Mr. Holder named a working group on oil and gas price fraud, telling it to "explore whether there is any evidence of manipulation of oil and gas prices" and to evaluate "the role of speculators and index traders".
On Wednesday, the European Commission ramped up its inquiry into the potential manipulation of oil and biofuel prices, as investigators continued to question BP, Royal Dutch Shell and Statoil about their trading activities, according to people with knowledge of the meetings.
NATO will have to reassess its assumptions about Russia, albeit cautiously to "avoid creating a self-fulfilling prophecy", as the official puts it.The main threats to the West now are Russia's manipulation of oil and gas exports, its diplomatic spoiling tactics, and its dalliances with Iran, Syria and Venezuela.
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In a hexaploid oilseed crop such as C. sativa, manipulations of oil composition and/or yield should therefore be possible through transgenic or reverse genetic approaches, or through other genome manipulations similar to those performed in wheat.
Targeted manipulations of oil composition and general development of this crop, however, need to consider the implications of polyploidy and when possible take advantage of this common condition in crop plants.
The Australian prime minister, Kevin Rudd, said last month that his government would do what it could to "act consistently on the question of the impact of speculation on global oil markets and any artificial manipulation of the oil price".
Manipulation of the oil price for political ends has been a common occurrence since.
The route to a different kind of catastrophe is all too clear, as countries resort to trade embargoes, currency war and overt manipulation of the oil supply as geopolitical tools.
More suggestions(15)
practice of oil
manipulation of beer
modification of oil
manipulation of fluid
practices of oil
manipulation of error-weighting
manipulation of light
manipulation of identity
manipulation of context
manipulation of language
manipulation of nature
manipulation of test
manipulation of exchange
manipulation of coincidence
manipulation of time
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Justyna Jupowicz-Kozak
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