What About the $20 Trillion-EU-McGraw-Hill-Oil-Price-Fixing Scandal?

The mainstream media doesn't waste a minute confusing "informing" the masses about the Beng­hazi scandal. The DOJ/AP Reporters scandal. And let's not forget Jodi Arias trial. Fortunately for them, horrific natural and/or man-made disasters seem to occur almost weekly as well, distracting the public from what may be the most important scandal of all.

However, the masses have heard next to nothing, if anything at all, about the $20 trillion -McGraw-Hill-Oil-Price-Fixing scandal: the European Union's investigation/raid of the London bureau of pricing agency Platts and the offices of Statoil, Royal Dutch Shell and BP.  Like the Libor scandal, this is also about the price-setting mechanism.

Publishing giant McGraw-Hill is more like an octopus whose tentacles reach far and wide, or maybe a hydra because the company responded to demands by investors to break itself up by dividing itself into two businesses: McGraw-Hill Markets, which includes the S and P rating and index businesses and McGraw-Hill Education, composed of the publishing and education businesses owned by McGraw-Hill.

“That means the real power to con­trol the world lies with four com­pa­nies: McGraw-Hill, which owns Stan­dard & Poor’s, North­west­ern Mutual, which owns Rus­sell Invest­ments, the index arm of which runs the bench­mark Rus­sell 1,000 and Rus­sell 3,000, CME Group which owns 90% of Dow Jones Indexes, and Barclay’s, which took over Lehman Broth­ers and its Lehman Aggre­gate Bond Index, the dom­i­nant world bond fund index. Together, these four firms dom­i­nate the world of index­ing. And in turn, that means they hold real sway over the world’s money.”

So,  what does this have to do with the petroleum price fixing scandal?  Well, oil-pricing agency Platts, under EU investigation, is a unit of McGraw Hill Financial Inc, and is the most influential of the "independent price-reporting agencies." Platts makes assessments that are used to close deals for physical oil and oil derivatives that are worth billions in an overall $2.5 trillion market.

This complicated issue started when Hungary’s Pannonia Ethanol became one of the first companies to complain about access to the Platts market-on-close (MOC) system. The EU Commission has concerns that the companies may have colluded in reporting distorted prices to a price reporting agency to manipulate the published prices for a number of oil and biofuel products.”MOC trading is a series of bids, offers and trades that goes on during the last half hour of the trading day. Platts determines oil prices after that period. Furthermore, the Justice Department was asked to get involved in the EU investigation.

This price-fixing scandal dates back to 2002, right after 9/11, not to mention, Enron, and could have had a "huge impact" on the price of petrol at the pumps "potentially harming final consumers". However, this is not so much about petroleum, as it's about the commodities trading of the criminal, corrupt global financial sector.




Links:

The Rise of Financial Terrorism Part I

The Rise Of Financial Terrorism, Part II

The Four Companies That Control the 147 Companies That Own Everything

McGraw-Hill’s S&P Imperils $4.6 Billion Gain: Corporate Finance

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Carbon Capitalism and Global Warming Propaganda

Last night, President Obama, in his State of the Union address, stated our nation must do more to fight climate change, urging lawmakers to use market based solutions, and promising executive actions if they did not comply. However, market-based "solutions" to global warming will only line the pockets of the wealthy, while making the poor bear the costs- without even tackling the causes of global warming. In other words, it's a scheme, and a very profitable one.

According to Christopher C. Horner, author of the book 'Red Hot Lies: How Global Warming Alarmists Use Threats, Fraud and Deception to Keep You Misinformed' Enron came up with the term, "cap and trade". That, right there, should be enough to make you question the whole concept of market-based solutions to global warming or climate change.  Effectively, this approach will only further impoverish those already  in poverty, and profit those who already win in this fixed global casino of ours. In the European Union this system is known as the Emissions Trading Scheme (ETS).

It's not that global warming is not real, it's that global warming is not anthropogenic (man-made), and not as catastrophic, as Oscar winning, Al Gore makes it out to be (the oceans are going to rise 20 feet, yet Al buys a $9 million ocean front home?). As for "An Inconvenient Truth", just do a little research to find out how much Al Gore, who is worth 50 times more than he was when he Vice President, stands to profit from market based solutions to global warming. Filthy rich comes to mind

"Al Gore likes to say that mankind puts 70 million tons of carbon dioxide into the atmosphere every day. What he probably doesn't know is that mother nature puts 24,000 times that amount of our main greenhouse gas -- water vapor -- into the atmosphere every day, and removes about the same amount every day. While this does not 'prove' that global warming is not man-made, it shows that weather systems have by far the greatest control over the Earth's greenhouse effect, which is dominated by water vapor and clouds." -- Dr. Roy W. Spencer

"With help from friends at Goldman Sachs, Gore has established a network of organizations to promote the “climate crisis”—and keep himself in the spotlight. Gore’s crusade already has had an enormous impact on corporate decision-making and government policies.[...]As for Al Gore, the former U.S. vice president brings emotional fervor to his carbon crusade. He travels the country displaying charts and graphs, quoting scientific experts, and appealing to philosophers and religious leaders to save the planet from global warming. But he says nothing about his business partners who yearn to trade on the emerging carbon market. We know little about his former political associates who now staff the “climate crisis” advocacy groups. And the media pays no attention to the companies offering “carbon advisory services” that will profit from federal carbon emission controls."-- Deborah Corey Barnes, Capital Research Center

Did you know that if you fly to Europe, you pay a tax to offset the carbon your flight emits?

Under protest from US Congress, the EU is dead set on charging a carbon tax for all flights flying in and out of any EU airports, that is, flights that fly over international waters. However, the fact that they do not own the airspace doesn't stop the EU from imposing their tax.  A United Nations organization called ICAO, which regulates global airlines has promised to figure out a way to calculate the carbon emissions for air travel, but has not produced anything as of yet, so the EU will take unilateral action if a global solution is not reached at The United Nations’ International Civil Aviation Organization multinational meeting in September on the airlines issue.

The nonprofit group Transport and Environment found that last year, airlines in the U.S. collected as much as a billion dollars from its passengers to comply with a European Union law that has yet to go into effect.

Links:

Uprooted

"...in the complex chain of relationships in the carbon market, no-one wants to take responsibility when things go wrong. Even if it means people are being driven out of their homes.

Global Warming: Schnitt Show Global Warming List

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Nazi Underpinnings of the European Union

The EU is based on the Nazi plans published in Berlin in 1942 " The Eu was founded and initially led by "former" Nazis and fascists, as was the Charlemagne prize awarded to TONY BLAIR, EDWARD HEATH, ROY JENKINS and others for their role in removing democratic sovereignty from the nation states of Europe"

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