Gallery: European Commission Accuses Statoil, BP and Shell of Fixing Oi...

 

Photo via Shutterstock

Oil giants make an enormous amount of money, but that doesn’t stop them from manipulating the law to yield additional profits. Last week the offices of Statoil, BP, and Shell were raided by officials from the European Commission, who charged them with fixing prices for crude oil, biofuel and refined oil products. The US Justice Department is being strongly encouraged to investigate whether or not the behavior was repeated Stateside.

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