companies in london, the
netherlands and norway. bp,
shell, statoil and price
reporting agency platts all
confirmed to reporters being
under investigation. shell's
statement reads it's "assisting
an inquiry into trading
activities." bp states: "we are
co-operating fully with the
investigation." statoil reports
"authorities suspect anti-
competitive agreements." oil
traders at total sa in france
reportedly told regulators last
fall "several times a
of line." reaction to
allegations of oil price fixing
is reaching u.s. shores.
"i think shock and disgust. i
don't know if it's going to
have a real market impact short-
term, but long-term it's raising
the creditability of some of
these markets."
that reaction from phil flynn,
a prominate oil trader and fox
busines news contributor. it's
reported price collusion was
happening in crude oil, refined
products and biofuels.
a multi-layered investigation
is happening now into exactly
how workers at the irs targeted