Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Showing posts with label Statoil. Show all posts
Showing posts with label Statoil. Show all posts

Wednesday, May 15, 2013

BP, Shell and Statoil investigated over suspected oil price manipulation

The EC said it had “concerns” that several companies may have manipulated the oil price benchmark in violation of EU antitrust rules, potentially having a “huge impact” on oil and petrol prices.

Shares in the oil giants fell in early trading on Wednesday after European regulators began an investigation into whether the companies may have manipulated the price of oil for more than a decade. Shell was down 1.7pc, while BP fell 0.2pc.

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