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GasBuddy News Article

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The Brent Oil Contract is a Sham

EconMatters -- Oil Benchmark

It is a sad state of affairs that the entire world of energy, and consumer energy prices are all based upon a fraud of an energy contract masquerading as the Industry`s Benchmark, setting the price for all other grades.

Monthly Rollover Ramp

Here is an idea of how manipulated the Brent Oil contract that trades mainly on the ICE exchange is we are at rollover time once again in the Brent oil contract and sure enough as day, the contract is moved up substantially right before expiration.

This happens almost every rollover, and is impossible to do in a non-deliverable market without precise market manipulation.

Always Positive Rollover Carry

The other common feature of the Brent contract is the expiring month is always higher by a dollar, dollar and a half,...


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Submitted Feb 18, 2013 By: NOTSOGRN
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: The Brent Oil Contract is a Sham Back to Topics
REPLIES (newest first) Post a Reply
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jethro5000
Champion Author Kentucky

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Message Posted: Feb 19, 2013 7:10:01 AM

Old news...
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GasCzarCO
Champion Author Colorado Springs

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Message Posted: Feb 19, 2013 1:54:32 AM

We all complain but we keep on taking our dollars to market.
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MrLefty0706
Champion Author Chicago

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Message Posted: Feb 19, 2013 1:49:15 AM

The worst part is we were given false hope regarding gas prices in 2013.
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PissedATthePump
All-Star Author Pennsylvania

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Message Posted: Feb 19, 2013 12:21:41 AM

Another fraud like LIBOR. The Wall St. Banksters won't ever see a jail cell because the whole damn system is corrupt.
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SUSANCK
Champion Author Chicago

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Message Posted: Feb 19, 2013 12:01:51 AM

Oil is a sham.
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southrob
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Message Posted: Feb 18, 2013 11:58:50 PM

dhan quick
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wdcutter
All-Star Author Lansing

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Message Posted: Feb 18, 2013 11:54:48 PM

The whole petroleum industry is a sham!
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snagged
Veteran Author Akron

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Message Posted: Feb 18, 2013 11:53:57 PM

Trade WTI
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mfeldstein
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Message Posted: Feb 18, 2013 11:51:40 PM

Is this a surprise?
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TxPDawg
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Message Posted: Feb 18, 2013 11:47:02 PM

Isn't it always about money
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kcboy
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Message Posted: Feb 18, 2013 11:46:39 PM

Interesting
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prorodeo2012
All-Star Author Bakersfield

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Message Posted: Feb 18, 2013 11:46:30 PM

interesting. i didnt know it worked like th doesnt surprise me.
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Buddy2264
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Message Posted: Feb 18, 2013 11:44:21 PM

Continuing to pump more in the US and Canada and the prices keep going up do to fuel exports, and we said before "drill baby drill". I am not sure that got us what we wanted, lower prices and independence.
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blazerbob91
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Message Posted: Feb 18, 2013 11:43:08 PM

Any excuse to grab more money
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BREW9
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Message Posted: Feb 18, 2013 11:41:12 PM

surprise
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carloco75
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Message Posted: Feb 18, 2013 11:40:30 PM

Okay yeah...shir...
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oldiesman
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Message Posted: Feb 18, 2013 11:40:12 PM

Another big joke on us!
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EvPv
Champion Author Maine

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Message Posted: Feb 18, 2013 11:38:26 PM

I noticed between 7-10 years ago brent started being mentioned as the basis for moves in the gasoline pump price. I had never heard that in the mid-90s when I owned a gas station.
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gasmack
Champion Author Ventura

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Message Posted: Feb 18, 2013 11:37:35 PM

So who's going to step up and protect the consumer?
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Rt118E
Champion Author Pennsylvania

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Message Posted: Feb 18, 2013 11:36:40 PM

The investors are not happy
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CCLighthouse
Champion Author Hartford

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Message Posted: Feb 18, 2013 11:33:46 PM

A good reason to stay away from Brent Oil! ; (
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VikingWoman
Champion Author Washington

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Message Posted: Feb 18, 2013 11:33:21 PM

Show us an article about a truly honest company. That would be really big news.
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Gas4Gore
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Message Posted: Feb 18, 2013 11:33:11 PM

Oh my.
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camel1
Champion Author Minnesota

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Message Posted: Feb 18, 2013 11:31:41 PM

Most of us have known this for some time now. How is this new news?
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HoosierDaddyKY
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Message Posted: Feb 18, 2013 11:29:42 PM

okay.
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fullauto
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Message Posted: Feb 18, 2013 11:29:01 PM

boo-hoo. go buy something else.
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grt197
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Message Posted: Feb 18, 2013 11:28:27 PM

have no idea
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vrossi46
Champion Author San Jose

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Message Posted: Feb 18, 2013 11:26:22 PM

it's all manipulated, grin and bear it
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drz614
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Message Posted: Feb 18, 2013 11:25:15 PM

interesting info
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cssco
Champion Author Virginia

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Message Posted: Feb 18, 2013 11:25:04 PM

Thanks to this artic, I have changed my plans to top off the next time I came across one of those Brent Stations. Now, that would really have been a Big, Big, Mistake. I have always like the Texas stuff, seems to bury hotter.
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Darwin00
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Message Posted: Feb 18, 2013 11:24:42 PM

ah, what did he say?
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BBHybrid
Champion Author Pittsburgh

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Message Posted: Feb 18, 2013 11:24:40 PM

pricing of gas is a sham
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WIPACKERFAN
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Message Posted: Feb 18, 2013 11:17:47 PM

OK
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prassu2012
Champion Author Illinois

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Message Posted: Feb 18, 2013 11:16:58 PM

hope i have no idea
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Carol7777
Champion Author Houston

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Message Posted: Feb 18, 2013 11:14:08 PM

I'd call it a SCAM, not a sham.
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TheSnowstorm
Champion Author Montreal

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Message Posted: Feb 18, 2013 11:10:19 PM

The right hand no longer knows who or what the left is screwing over, much less if it itself is being screwed.
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mcmonsta
Champion Author Honolulu

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Message Posted: Feb 18, 2013 11:08:44 PM

and who controls the Brent crude pricing....
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cifuentesab
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Message Posted: Feb 18, 2013 11:07:04 PM

Sad state
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flyfast
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Message Posted: Feb 18, 2013 11:01:48 PM

what toooo doooo
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Lukus
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Message Posted: Feb 18, 2013 11:01:37 PM

ok
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abcdMA
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Message Posted: Feb 18, 2013 10:59:36 PM

Interesting
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wayoung56
Champion Author Alabama

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Message Posted: Feb 18, 2013 10:58:18 PM

So what is the English explanation???
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30mpg80
Champion Author Lexington

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Message Posted: Feb 18, 2013 10:58:03 PM

The speculators are reaching into the pockets all gasoline and diesel buyers and stealing billions of dollars!
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bvrbill
Champion Author Eugene

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Message Posted: Feb 18, 2013 10:54:38 PM

The energy market ia a big scam.
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badharley
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Message Posted: Feb 18, 2013 10:51:51 PM

Just more confusion.
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mstearno
Champion Author Dayton

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Message Posted: Feb 18, 2013 10:50:58 PM

really?
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abacus44
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Message Posted: Feb 18, 2013 10:49:17 PM

OK
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keo
Champion Author Colorado

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Message Posted: Feb 18, 2013 10:49:03 PM

What isn't ?
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jorod55
Champion Author California

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Message Posted: Feb 18, 2013 10:48:08 PM

So where is enforcement?
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walkingtall
Champion Author Toronto

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Message Posted: Feb 18, 2013 10:44:20 PM

The brent oil contract is a sham and more attention needs to be paid to these contacts.
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