BP under fire again as oil traders face scrutiny - Times Online

[applegrove]

BP under fire again as oil traders face scrutiny
The Times Online
By David Robertson

Found on Huffington Post


"BP HAS been ordered by United States regulators to give evidence over possible insider trading in the world crude oil price.

The Commodity Futures Trading Commission (CFTC) is investigating whether BP’s energy traders, who buy and sell oil, used inside information about the company’s operations to profit from changes in the oil price.


This latest investigation comes as BP faces a series of damaging revelations that have brought it an uncomfortable amount of attention from US politicians and media. Some analysts believe that BP, the world’s second largest oil company, is being treated as a scapegoat by US politicians who are under fire from voters over high petrol prices.

The company’s executives are being summoned before Congress next week to explain why pipeline problems have forced the shutdown of half the Prudhoe Bay oilfield in Alaska.

..... SNIP"


http://business.timesonline.co.uk/article/0,,9078-2334521,00.html

[applegrove]

1. USA corporations and their Senators have been playing real hard-ball

with Canada & Canadian business of late. Taking apart NAFTA piece by piece.

I wonder if BP is being attacked? Or if they are just confused and bewildered because up is down, right is left, in is out ...in these times.

Just curious.