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Cameron threat to prosecute oil bosses

Posted by seumasach on May 16, 2013

Could this be the beginning of the long role-back against corporate encroachments into every aspect of British society and economy. As always there is some unaccountable body, here the so-called The Office of Fair Trading playing a somewhat questionable role. There is an obvious prima facie case for price fixing since pump prices only go up whilst oil prices go up and down. Instead of politician-bashing all the time we urgently need to focus attention on regulatory and supervisory bodies

Telegraph

15th May, 2013

The Prime Minister said he will urgently look at “extending criminal offences” to cover market manipulation in the energy sector, after BP and Shell were raided by European authorities on suspicion of rigging oil prices.

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