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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

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jethro5000 Champion Author Kentucky Posts:1,872 Points:390,260 Joined:Jun 2005	Message Posted: Feb 19, 2013 6:10:01 AM Ignore jethro5000 Report Abuse Old news...
GasCzarCO Champion Author Colorado Springs Posts:1,404 Points:799,095 Joined:Mar 2010	Message Posted: Feb 19, 2013 12:54:32 AM Ignore GasCzarCO Report Abuse We all complain but we keep on taking our dollars to market.
MrLefty0706 Champion Author Chicago Posts:1,444 Points:350,335 Joined:Apr 2012	Message Posted: Feb 19, 2013 12:49:15 AM Ignore MrLefty0706 Report Abuse The worst part is we were given false hope regarding gas prices in 2013.
PissedATthePump All-Star Author Pennsylvania Posts:507 Points:119,580 Joined:May 2012	Message Posted: Feb 18, 2013 11:21:41 PM Ignore PissedATthePump Report Abuse Another fraud like LIBOR. The Wall St. Banksters won't ever see a jail cell because the whole damn system is corrupt.
SUSANCK Champion Author Chicago Posts:3,632 Points:706,505 Joined:Apr 2011	Message Posted: Feb 18, 2013 11:01:51 PM Ignore SUSANCK Report Abuse Oil is a sham.
southrob Champion Author Tucson Posts:3,590 Points:686,225 Joined:Mar 2011	Message Posted: Feb 18, 2013 10:58:50 PM Ignore southrob Report Abuse dhan quick
wdcutter All-Star Author Lansing Posts:633 Points:54,225 Joined:Mar 2012	Message Posted: Feb 18, 2013 10:54:48 PM Ignore wdcutter Report Abuse The whole petroleum industry is a sham!
snagged Veteran Author Akron Posts:396 Points:110,830 Joined:Oct 2012	Message Posted: Feb 18, 2013 10:53:57 PM Ignore snagged Report Abuse Trade WTI
mfeldstein Champion Author Ottawa Posts:8,161 Points:1,928,430 Joined:Feb 2007	Message Posted: Feb 18, 2013 10:51:40 PM Ignore mfeldstein Report Abuse Is this a surprise?
TxPDawg All-Star Author Austin Posts:654 Points:378,560 Joined:Mar 2011	Message Posted: Feb 18, 2013 10:47:02 PM Ignore TxPDawg Report Abuse Isn't it always about money
kcboy Champion Author Utah Posts:3,963 Points:1,506,825 Joined:Jun 2005	Message Posted: Feb 18, 2013 10:46:39 PM Ignore kcboy Report Abuse Interesting
prorodeo2012 All-Star Author Bakersfield Posts:528 Points:180,845 Joined:Sep 2012	Message Posted: Feb 18, 2013 10:46:30 PM Ignore prorodeo2012 Report Abuse interesting. i didnt know it worked like th doesnt surprise me.
Buddy2264 Champion Author Tampa Posts:11,649 Points:2,358,995 Joined:Oct 2005	Message Posted: Feb 18, 2013 10:44:21 PM Ignore Buddy2264 Report Abuse 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.
blazerbob91 Champion Author Milwaukee Posts:6,135 Points:1,881,720 Joined:Aug 2005	Message Posted: Feb 18, 2013 10:43:08 PM Ignore blazerbob91 Report Abuse Any excuse to grab more money
BREW9 All-Star Author Tampa Posts:876 Points:2,911,005 Joined:Jun 2004	Message Posted: Feb 18, 2013 10:41:12 PM Ignore BREW9 Report Abuse surprise
carloco75 Champion Author Richmond Posts:3,711 Points:599,390 Joined:Oct 2010	Message Posted: Feb 18, 2013 10:40:30 PM Ignore carloco75 Report Abuse Okay yeah...shir...
oldiesman Champion Author New York Posts:6,422 Points:2,192,985 Joined:May 2006	Message Posted: Feb 18, 2013 10:40:12 PM Ignore oldiesman Report Abuse Another big joke on us!
EvPv Champion Author Maine Posts:1,028 Points:263,750 Joined:Feb 2011	Message Posted: Feb 18, 2013 10:38:26 PM Ignore EvPv Report Abuse 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.
gasmack Champion Author Ventura Posts:1,705 Points:666,550 Joined:Feb 2011	Message Posted: Feb 18, 2013 10:37:35 PM Ignore gasmack Report Abuse So who's going to step up and protect the consumer?
Rt118E Champion Author Pennsylvania Posts:9,481 Points:1,367,295 Joined:Jun 2009	Message Posted: Feb 18, 2013 10:36:40 PM Ignore Rt118E Report Abuse The investors are not happy
CCLighthouse All-Star Author Hartford Posts:998 Points:212,055 Joined:Aug 2012	Message Posted: Feb 18, 2013 10:33:46 PM Ignore CCLighthouse Report Abuse A good reason to stay away from Brent Oil! ; (
VikingWoman Champion Author Washington Posts:1,259 Points:250,690 Joined:May 2012	Message Posted: Feb 18, 2013 10:33:21 PM Ignore VikingWoman Report Abuse Show us an article about a truly honest company. That would be really big news.
Gas4Gore Champion Author Detroit Posts:2,411 Points:421,925 Joined:Jan 2010	Message Posted: Feb 18, 2013 10:33:11 PM Ignore Gas4Gore Report Abuse Oh my.
camel1 Champion Author Minnesota Posts:8,265 Points:2,265,640 Joined:Jul 2006	Message Posted: Feb 18, 2013 10:31:41 PM Ignore camel1 Report Abuse Most of us have known this for some time now. How is this new news?
HoosierDaddyKY Champion Author Kentucky Posts:1,262 Points:295,210 Joined:Dec 2011	Message Posted: Feb 18, 2013 10:29:42 PM Ignore HoosierDaddyKY Report Abuse okay.
fullauto Champion Author Reading Posts:5,310 Points:1,470,115 Joined:Apr 2008	Message Posted: Feb 18, 2013 10:29:01 PM Ignore fullauto Report Abuse boo-hoo. go buy something else.
grt197 All-Star Author Illinois Posts:568 Points:124,610 Joined:Jan 2013	Message Posted: Feb 18, 2013 10:28:27 PM Ignore grt197 Report Abuse have no idea
vrossi46 Champion Author San Jose Posts:2,667 Points:803,945 Joined:Oct 2008	Message Posted: Feb 18, 2013 10:26:22 PM Ignore vrossi46 Report Abuse it's all manipulated, grin and bear it
drz614 Champion Author Harrisburg Posts:2,294 Points:596,645 Joined:Aug 2011	Message Posted: Feb 18, 2013 10:25:15 PM Ignore drz614 Report Abuse interesting info
cssco Champion Author Virginia Posts:7,321 Points:1,749,805 Joined:Feb 2006	Message Posted: Feb 18, 2013 10:25:04 PM Ignore cssco Report Abuse 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.
Darwin00 All-Star Author Mississippi Posts:829 Points:269,560 Joined:Dec 2010	Message Posted: Feb 18, 2013 10:24:42 PM Ignore Darwin00 Report Abuse ah, what did he say?
BBHybrid Champion Author Pittsburgh Posts:6,465 Points:1,294,070 Joined:Aug 2008	Message Posted: Feb 18, 2013 10:24:40 PM Ignore BBHybrid Report Abuse pricing of gas is a sham
WIPACKERFAN Champion Author Chicago Posts:8,799 Points:1,842,475 Joined:Aug 2005	Message Posted: Feb 18, 2013 10:17:47 PM Ignore WIPACKERFAN Report Abuse OK
prassu2012 All-Star Author Illinois Posts:671 Points:146,970 Joined:Dec 2012	Message Posted: Feb 18, 2013 10:16:58 PM Ignore prassu2012 Report Abuse hope i have no idea
Carol7777 All-Star Author Houston Posts:717 Points:146,260 Joined:Dec 2012	Message Posted: Feb 18, 2013 10:14:08 PM Ignore Carol7777 Report Abuse I'd call it a SCAM, not a sham.
TheSnowstorm Champion Author Montreal Posts:8,617 Points:1,912,240 Joined:June 2005	Message Posted: Feb 18, 2013 10:10:19 PM Ignore TheSnowstorm Report Abuse The right hand no longer knows who or what the left is screwing over, much less if it itself is being screwed.
mcmonsta Champion Author Honolulu Posts:3,222 Points:816,820 Joined:Sep 2009	Message Posted: Feb 18, 2013 10:08:44 PM Ignore mcmonsta Report Abuse and who controls the Brent crude pricing....
cifuentesab All-Star Author Stockton Posts:660 Points:505,325 Joined:Jul 2011	Message Posted: Feb 18, 2013 10:07:04 PM Ignore cifuentesab Report Abuse Sad state
flyfast Champion Author Kansas City Posts:9,243 Points:1,824,085 Joined:Jan 2008	Message Posted: Feb 18, 2013 10:01:48 PM Ignore flyfast Report Abuse what toooo doooo
Lukus Champion Author Halifax Posts:8,278 Points:1,673,555 Joined:Nov 2007	Message Posted: Feb 18, 2013 10:01:37 PM Ignore Lukus Report Abuse ok
abcdMA Champion Author Worcester Posts:7,917 Points:1,574,005 Joined:Nov 2008	Message Posted: Feb 18, 2013 9:59:36 PM Ignore abcdMA Report Abuse Interesting
wayoung56 Champion Author Alabama Posts:2,795 Points:817,360 Joined:Oct 2006	Message Posted: Feb 18, 2013 9:58:18 PM Ignore wayoung56 Report Abuse So what is the English explanation???
30mpg80 Champion Author Lexington Posts:10,014 Points:1,485,905 Joined:Nov 2008	Message Posted: Feb 18, 2013 9:58:03 PM Ignore 30mpg80 Report Abuse The speculators are reaching into the pockets all gasoline and diesel buyers and stealing billions of dollars!
bvrbill Champion Author Eugene Posts:3,207 Points:516,800 Joined:Jul 2011	Message Posted: Feb 18, 2013 9:54:38 PM Ignore bvrbill Report Abuse The energy market ia a big scam.
badharley Champion Author Tampa Posts:1,025 Points:740,310 Joined:Jul 2010	Message Posted: Feb 18, 2013 9:51:51 PM Ignore badharley Report Abuse Just more confusion.
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Feb 18, 2013 9:50:58 PM Ignore mstearno Report Abuse really?
abacus44 Champion Author Toms River Posts:3,475 Points:747,515 Joined:Jan 2011	Message Posted: Feb 18, 2013 9:49:17 PM Ignore abacus44 Report Abuse OK
keo Champion Author Colorado Posts:10,245 Points:2,032,890 Joined:May 2004	Message Posted: Feb 18, 2013 9:49:03 PM Ignore keo Report Abuse What isn't ?
jorod55 Champion Author California Posts:1,470 Points:430,000 Joined:Dec 2011	Message Posted: Feb 18, 2013 9:48:08 PM Ignore jorod55 Report Abuse So where is enforcement?
walkingtall Champion Author Toronto Posts:3,989 Points:1,119,730 Joined:Nov 2004	Message Posted: Feb 18, 2013 9:44:20 PM Ignore walkingtall Report Abuse The brent oil contract is a sham and more attention needs to be paid to these contacts.