Another Scandal

Ally

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Subject:

Another Scandal

· Posted: 17.07.2012 · #1

Why am I not surprised...

Quote

A report commissioned for the G20 Finance Ministers has warned that Oil traders may have fiddled the benchmark trading price of Oil. These benchmarks are used to calculate the cost of the petrol & diesel that we buy at the pump. In other words, it seems there is a possibility that Oil traders have profited from the misery caused by making petrol & diesel more expensive than they need to be. The story has appeared in the Daily Telegraph.

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Subject:

Re: Another Scandal

· Posted: 17.07.2012 · #2

of course its always the hard pressed motorists that have to dig deeper in their pockets.
tony

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Subject:

Re: Another Scandal

· Posted: 17.07.2012 · #3

Does that come as any surprise! When the price of crude per barrel goes one way it causes an increase at the pump, when it goes another they blame the exchange rate to the dollar to increase at the pump and if all else fails they say it's due to refineries not being able to match output so the price increases!

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