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Oil price fixers should face prison

Oil price fixers should face prison, says Cameron: ‘Rigging’ might have cost every household £2,000 

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Oil giants Shell and BP accused of fixing prices for more than a decade. PM said allegations ‘hugely concerning’ and threatens to prosecute bosses. Experts believe scandal could have cost consumers thousands at the pump

By Rob Davies and Jason Groves: PUBLISHED: 23:36, 15 May 2013 | UPDATED: 07:42, 16 May 2013

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Oil traders at Shell and BP should face prison if it is proved they conspired to fix prices, David Cameron said last night.

The Prime Minister made no attempt to disguise his anger as both of Britain’s oil giants were named among several firms accused of fixing prices for more than a decade.

He said the allegations were ‘hugely concerning’ and that anyone held responsible would face ‘major consequences’ if the claims were proved true. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

David Cameron ‘deeply’ concerned by oil price fixing claims

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David Cameron is extremely concerned by claims of price fixing by major oil companies, Downing Street has said.

The prime minister’s spokesman said it was “deeply worrying” if prices have been driven up for consumers.

Oil giants including BP and Shell are facing claims they have been fixing prices for more than a decade.

It follows a raid on the offices of BP, Royal Dutch Shell, and Norway’s Statoil by European anti-trust regulators.

The companies said they were co-operating with investigators. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

SELECTION OF SHELL RELATED ARTICLE LINKS 15 MAY 2013

SELECTION OF SHELL RELATED ARTICLE LINKS KINDLY SUPPLIED BY A REGULAR CONTRIBUTOR

IEA forecasts US to account for a third of new oil supplies: Financial Times-The outlook will influence businesses as diverse as major oil companies, including ExxonMobil and Royal Dutch Shell, big commodities traders …

Oxford University won’t take funding from tobacco companies. But …: The Guardian-… on research at Manchester University partly to help it drill deeper for oil. … Over the past few days I have asked the Shell professor of earth … Floating LNG Upsets Oil and Gas Outlook in Australia, Southeast Asia: the Diplomat-As the boom in oil prices gathered pace, less economical fields became … Shell is constructing the world’s first such pontoon for use at its …

Gas finds in east Mediterranean may change strategic balance: BBC News-“This will tremendously reduce our oil invoice and the cost of energy … They include giants such as ExxonMobil, Shell, Chevron and Total.

“You Were Robbed”: NBC4 I-Team Exposes New “Tricks and Tactics …: NBC Southern California-So what does Jiffy Lube, owned by Shell Oil, have to say about the alleged fraud uncovered by the I-Team at some of its stores? NBC4 offered … read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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