Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: Richard S. On: Wed Nov 25, 2009 5:30 pm

MSNBC: Internal Mega Oil Documents Show Price Fixing

A hacker who is unnamed at this point has posted internal documents that show top executives conspiring to price fix gasoline prices. Comments include "Hide the decline" apparently referencing the recent drop in crude prices. Other documents elude to conspiring with other oil companies to eliminate the competition from smaller oil comapnies so they can continue with their price fixing scheme.

Other internal documents indicate there may be severe flaws in the way crude prices are calculated and in some cases it looks like they themselves don't even know what the hell it's doing.

Mega oil has confirmed the authenticity of these documents but have offered an explanation that it was just CEO talk. No explanation has yet been offered about the programs used to calculate the prices however.

I'm sure you hard left liberals are outraged at this revelation. But I'm sure since this is pretty major story we'll be bombarded with it for the next month front page and lead story every day.
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
Coal Size/Type: Buckwheat/Anthracite

Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: 009to090 On: Wed Nov 25, 2009 5:33 pm

Will we see prices decline because of this? I doubt it.
009to090
 
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Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: coaledsweat On: Wed Nov 25, 2009 5:38 pm

I wonder if it is the same hacker that got the GW guys? Whatever, I recommend they get a nice fat raise and a performance bonus too!
coaledsweat
 
Stoker Coal Boiler: Axeman Anderson 260M
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Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: SMITTY On: Wed Nov 25, 2009 5:40 pm

DVC500 at last wrote:Will we see prices decline because of this? I doubt it.

We can only hope!

Not very surprising news though ...... what is surprising is that they got out into the public! That's a good thing! Hope they throw the book at these f 'ers.

Think we'll see a refund of overpayment? :rofl: :doh:
SMITTY
 
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Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: SMITTY On: Wed Nov 25, 2009 5:42 pm

Hey Richard ... that link is dead on my end.
SMITTY
 
Stoker Coal Boiler: Patriot Coal - custom built by Jim Dorsey
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Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: Black_And_Blue On: Wed Nov 25, 2009 5:51 pm

SMITTY wrote:Hey Richard ... that link is dead on my end.


Hello?

It's a parody of the Global Warming email hack.

I give it a 7 out 10 for effect.
Black_And_Blue
 
Hot Air Coal Stoker Stove: Alaska 140

Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: SMITTY On: Wed Nov 25, 2009 5:54 pm

I'm a little slow today ... :lol:
SMITTY
 
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Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: Richard S. On: Wed Nov 25, 2009 8:01 pm

SMITTY wrote:Hey Richard ... that link is dead on my end.


Fixed!
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
Coal Size/Type: Buckwheat/Anthracite

Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: SMITTY On: Wed Nov 25, 2009 9:46 pm

:rofl: :rofl: :rofl: Nice!!!
SMITTY
 
Stoker Coal Boiler: Patriot Coal - custom built by Jim Dorsey
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Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: Paulie On: Thu Nov 26, 2009 7:07 am

Is this really news? Did anybody think that we have not been getting screwed for the last 5 years?
Paulie
 
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Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: Richard S. On: Thu Nov 26, 2009 7:25 am

I'll elaborate on the point of my post Paulie. My post is parody of AGW scandal, we could easily switch out "Mega Oil" to "Top scientists pushing AGW" and be completely accurate

Having said that we've been bombarded by the Mass Media about Global Warming for the last decade including the news, educational channels, "Green" shows dedicated to it and even a full length feature film that received a Nobel Prize....

This email leak story broke on Friday, it's been gaining traction but a lot of the coverage is trying to spin the story off in most cases attacking the hacker who most likely was insider. If the story had been about "Mega Oil" the mass media would have tripping over themselves to get it to press and we probably would have never heard the end of it for months. This story is much bigger than any scandal that could ever be uncovered at any oil corporation if you want to consider the money involved, we're not talking about billions of dollars but trillions of dollars and possibly 100's of trillions over the next 2 or 3 decades.

Certainly if there is any hint of impropriety there should be some good old investigative journalism going on don't you think?

It doesn't matter because this is going to turn into steam roller.
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
Coal Size/Type: Buckwheat/Anthracite

Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: Paulie On: Thu Nov 26, 2009 7:56 am

The climate warming science has always been sketchy. Theories are like that. If it is true, then we do in fact, have a problem. I personally do not believe it is true. As we grow colder, it should help to take some steam out of the movement.
The money being spent on the "perceived problem " is huge. Any crappy or dis honest science needs to be called out. The
stakes are too high to tolerate ANY nonsense. " Global Warming" is a HUGE industry right now, ka-billions. Even if the
science shows the theory to be junk, the industry will not die willingly. There lies the problem. The integrity of the science is paramount , it can not be allowed to be corrupted. Because even when pure and objective, it is not always
clear one way or another. So pretty easy to screw around with trends with so many variables, and get the result you want.
I think bad science/false pretense in climate study is and will become bigger news than getting screwed by an oil company. We EXPECT
to get tucked by oil, but we hold our non capitalist institutions to a higher ethical standard. At least we used too....... :shock:
Paulie
 
Stove/Furnace Make: leisure Line
Stove/Furnace Model: Pioneer

Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: TimV On: Thu Nov 26, 2009 9:01 am

Oil prices are what they are because oil industry paid a lot of money( to Congress) to insure competition was gobbled up without being hindered by those nasty "Anti Trust Laws" .
Those were federal laws to stop giants from squashing ants(competing little "pain in the arse" companies...of which there were hundreds...
Now we have Moble Exxon,BP ,Shell,Chevron. Any others you find are just owned by these 4 with a different name.
I asked a large oil distributor why motor oil doubled (years ago) Answer was because we used have a few dozen places to buy bulk motor oils now we have 2 both owned by same refiner ..."They are the only game in town"
Imagine .....The big "4" setting prices.....Why its almost "Un-American" :oops:
Bend over and learn to take it...More to come as long as $$$$ can buy members of Congress.
TimV
 
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Re: Mega Oil Scandal Erupts:Hacker Gains Access Internal Files

PostBy: mason coal burner On: Sun Nov 29, 2009 1:01 pm

don't let this post get buried either .
mason coal burner
 
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