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Last July, we warned you that oil prices could potentially be manipulated in similar fashion to the London Interbank Offered Rate (Libor), and now a recent raid of major oil companies highlights this growing danger to the $3.4 trillion-a-year crude market.
The European Commission last week stormed the offices of Royal Dutch Shell PLC (NYSE ADR: RDS.A, RDS.B), BP PLC ( NYSE ADR: BP), and Statoil ASA (NYSE ADR: STO) as part of the ongoing investigation to find out whether companies are manipulating oil prices and, if so, how long it has been going on and the possible ramifications.
Shell and BP would have no problem in rigging the oil markets, because they are members of the IntercontinentalExchange (ICE). ICE Futures Europe is a subsidiary of ICE. Google the "$2.5 Trillion Oil Scam – slideshare" and google the "Global Oil Scam." Most of the world is a victim of this scam. Plug your Tesla S, electric car into your household, solar array.
The U.S.GOV. COVER-UP in Federal Case No.12-6484, Lewis vs Obama's Fraud,Thieft, Embezzelment&&&FtA/failure to appearor respond.