Feds accuse BP of manipulating gas prices

BP accused of gas price manipulation, Dow Jones Newswires, February 2, 2011:

BP has once again found itself under the scrutiny of federal regulators, this time for alleged manipulation of natural gas prices.

The UK oil giant said in a filing that the US Commodity Futures Trading Commission and the US Federal Energy Regulatory Commission have examined trades BP conducted in the next-day natural gas market at the Houston Ship Channel in October and November of 2008. Both agencies in November told BP they concluded the company broke the law by attempting to manipulate the market, according to the filing made to the US Securities and Exchange Commission. …

3 comments to Feds accuse BP of manipulating gas prices

  • Dixie

    “Under scrutiny of federal regulators” ARE YOU KIDDING ME!!!?? Like the feds give a rats rear end about what BP does? We all know who’s court the fed is in when it comes to BP. And it is NOT the citizens!

  • xdrfox

    Can I remind you of a little event that took place in Alaska 1989, Where was our Goverment then ? In the pocket of EXXON !

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