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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:2,013 Points:417,960 Joined:Jun 2005	Message Posted: Feb 19, 2013 5:10:01 AM Ignore jethro5000 Report Abuse Old news...
GasCzarCO Champion Author Colorado Springs Posts:1,441 Points:824,110 Joined:Mar 2010	Message Posted: Feb 18, 2013 11:54:32 PM Ignore GasCzarCO Report Abuse We all complain but we keep on taking our dollars to market.
MrLefty0706 Champion Author Chicago Posts:1,580 Points:378,560 Joined:Apr 2012	Message Posted: Feb 18, 2013 11:49:15 PM 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 10:21:41 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:3,777 Points:731,230 Joined:Apr 2011	Message Posted: Feb 18, 2013 10:01:51 PM Ignore SUSANCK Report Abuse Oil is a sham.
southrob Champion Author Tucson Posts:3,736 Points:714,900 Joined:Mar 2011	Message Posted: Feb 18, 2013 9:58:50 PM Ignore southrob Report Abuse dhan quick
wdcutter All-Star Author Lansing Posts:660 Points:57,915 Joined:Mar 2012	Message Posted: Feb 18, 2013 9:54:48 PM Ignore wdcutter Report Abuse The whole petroleum industry is a sham!
snagged Veteran Author Akron Posts:416 Points:120,530 Joined:Oct 2012	Message Posted: Feb 18, 2013 9:53:57 PM Ignore snagged Report Abuse Trade WTI
mfeldstein Champion Author Ottawa Posts:8,301 Points:1,956,230 Joined:Feb 2007	Message Posted: Feb 18, 2013 9:51:40 PM Ignore mfeldstein Report Abuse Is this a surprise?
TxPDawg All-Star Author Austin Posts:708 Points:403,590 Joined:Mar 2011	Message Posted: Feb 18, 2013 9:47:02 PM Ignore TxPDawg Report Abuse Isn't it always about money
kcboy Champion Author Utah Posts:4,089 Points:1,533,170 Joined:Jun 2005	Message Posted: Feb 18, 2013 9:46:39 PM Ignore kcboy Report Abuse Interesting
prorodeo2012 All-Star Author Bakersfield Posts:539 Points:188,145 Joined:Sep 2012	Message Posted: Feb 18, 2013 9:46:30 PM Ignore prorodeo2012 Report Abuse interesting. i didnt know it worked like th doesnt surprise me.
Buddy2264 Champion Author Tampa Posts:11,797 Points:2,387,670 Joined:Oct 2005	Message Posted: Feb 18, 2013 9:44:21 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:6,279 Points:1,910,020 Joined:Aug 2005	Message Posted: Feb 18, 2013 9:43:08 PM Ignore blazerbob91 Report Abuse Any excuse to grab more money
BREW9 Champion Author Tampa Posts:1,020 Points:2,939,660 Joined:Jun 2004	Message Posted: Feb 18, 2013 9:41:12 PM Ignore BREW9 Report Abuse surprise
carloco75 Champion Author Richmond Posts:3,848 Points:627,720 Joined:Oct 2010	Message Posted: Feb 18, 2013 9:40:30 PM Ignore carloco75 Report Abuse Okay yeah...shir...
oldiesman Champion Author New York Posts:6,561 Points:2,220,615 Joined:May 2006	Message Posted: Feb 18, 2013 9:40:12 PM Ignore oldiesman Report Abuse Another big joke on us!
EvPv Champion Author Maine Posts:1,181 Points:293,400 Joined:Feb 2011	Message Posted: Feb 18, 2013 9:38:26 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:1,752 Points:679,840 Joined:Feb 2011	Message Posted: Feb 18, 2013 9:37:35 PM Ignore gasmack Report Abuse So who's going to step up and protect the consumer?
Rt118E Champion Author Pennsylvania Posts:9,631 Points:1,395,970 Joined:Jun 2009	Message Posted: Feb 18, 2013 9:36:40 PM Ignore Rt118E Report Abuse The investors are not happy
CCLighthouse Champion Author Hartford Posts:1,131 Points:238,700 Joined:Aug 2012	Message Posted: Feb 18, 2013 9:33:46 PM Ignore CCLighthouse Report Abuse A good reason to stay away from Brent Oil! ; (
VikingWoman Champion Author Washington Posts:1,445 Points:278,555 Joined:May 2012	Message Posted: Feb 18, 2013 9:33:21 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:2,524 Points:444,225 Joined:Jan 2010	Message Posted: Feb 18, 2013 9:33:11 PM Ignore Gas4Gore Report Abuse Oh my.
camel1 Champion Author Minnesota Posts:8,410 Points:2,294,315 Joined:Jul 2006	Message Posted: Feb 18, 2013 9:31:41 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:1,332 Points:309,160 Joined:Dec 2011	Message Posted: Feb 18, 2013 9:29:42 PM Ignore HoosierDaddyKY Report Abuse okay.
fullauto Champion Author Reading Posts:5,425 Points:1,492,940 Joined:Apr 2008	Message Posted: Feb 18, 2013 9:29:01 PM Ignore fullauto Report Abuse boo-hoo. go buy something else.
grt197 All-Star Author Illinois Posts:707 Points:152,290 Joined:Jan 2013	Message Posted: Feb 18, 2013 9:28:27 PM Ignore grt197 Report Abuse have no idea
vrossi46 Champion Author San Jose Posts:2,797 Points:829,695 Joined:Oct 2008	Message Posted: Feb 18, 2013 9:26:22 PM Ignore vrossi46 Report Abuse it's all manipulated, grin and bear it
drz614 Champion Author Harrisburg Posts:2,439 Points:625,320 Joined:Aug 2011	Message Posted: Feb 18, 2013 9:25:15 PM Ignore drz614 Report Abuse interesting info
cssco Champion Author Virginia Posts:7,463 Points:1,778,195 Joined:Feb 2006	Message Posted: Feb 18, 2013 9:25:04 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:848 Points:292,140 Joined:Dec 2010	Message Posted: Feb 18, 2013 9:24:42 PM Ignore Darwin00 Report Abuse ah, what did he say?
BBHybrid Champion Author Pittsburgh Posts:6,479 Points:1,297,075 Joined:Aug 2008	Message Posted: Feb 18, 2013 9:24:40 PM Ignore BBHybrid Report Abuse pricing of gas is a sham
WIPACKERFAN Champion Author Chicago Posts:8,939 Points:1,870,175 Joined:Aug 2005	Message Posted: Feb 18, 2013 9:17:47 PM Ignore WIPACKERFAN Report Abuse OK
prassu2012 All-Star Author Illinois Posts:810 Points:175,400 Joined:Dec 2012	Message Posted: Feb 18, 2013 9:16:58 PM Ignore prassu2012 Report Abuse hope i have no idea
Carol7777 All-Star Author Houston Posts:864 Points:174,935 Joined:Dec 2012	Message Posted: Feb 18, 2013 9:14:08 PM Ignore Carol7777 Report Abuse I'd call it a SCAM, not a sham.
TheSnowstorm Champion Author Montreal Posts:8,724 Points:1,939,155 Joined:June 2005	Message Posted: Feb 18, 2013 9:10:19 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:3,342 Points:844,495 Joined:Sep 2009	Message Posted: Feb 18, 2013 9:08:44 PM Ignore mcmonsta Report Abuse and who controls the Brent crude pricing....
cifuentesab All-Star Author Stockton Posts:790 Points:532,855 Joined:Jul 2011	Message Posted: Feb 18, 2013 9:07:04 PM Ignore cifuentesab Report Abuse Sad state
flyfast Champion Author Kansas City Posts:9,386 Points:1,852,720 Joined:Jan 2008	Message Posted: Feb 18, 2013 9:01:48 PM Ignore flyfast Report Abuse what toooo doooo
Lukus Champion Author Halifax Posts:8,419 Points:1,701,255 Joined:Nov 2007	Message Posted: Feb 18, 2013 9:01:37 PM Ignore Lukus Report Abuse ok
abcdMA Champion Author Worcester Posts:8,052 Points:1,600,730 Joined:Nov 2008	Message Posted: Feb 18, 2013 8:59:36 PM Ignore abcdMA Report Abuse Interesting
wayoung56 Champion Author Alabama Posts:2,920 Points:845,010 Joined:Oct 2006	Message Posted: Feb 18, 2013 8:58:18 PM Ignore wayoung56 Report Abuse So what is the English explanation???
30mpg80 Champion Author Lexington Posts:10,265 Points:1,514,580 Joined:Nov 2008	Message Posted: Feb 18, 2013 8:58:03 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:3,440 Points:545,250 Joined:Jul 2011	Message Posted: Feb 18, 2013 8:54:38 PM Ignore bvrbill Report Abuse The energy market ia a big scam.
badharley Champion Author Tampa Posts:1,154 Points:766,915 Joined:Jul 2010	Message Posted: Feb 18, 2013 8:51:51 PM Ignore badharley Report Abuse Just more confusion.
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Feb 18, 2013 8:50:58 PM Ignore mstearno Report Abuse really?
abacus44 Champion Author Toms River Posts:3,600 Points:773,790 Joined:Jan 2011	Message Posted: Feb 18, 2013 8:49:17 PM Ignore abacus44 Report Abuse OK
keo Champion Author Colorado Posts:10,392 Points:2,061,565 Joined:May 2004	Message Posted: Feb 18, 2013 8:49:03 PM Ignore keo Report Abuse What isn't ?
jorod55 Champion Author California Posts:1,612 Points:458,450 Joined:Dec 2011	Message Posted: Feb 18, 2013 8:48:08 PM Ignore jorod55 Report Abuse So where is enforcement?
walkingtall Champion Author Toronto Posts:4,134 Points:1,148,405 Joined:Nov 2004	Message Posted: Feb 18, 2013 8:44:20 PM Ignore walkingtall Report Abuse The brent oil contract is a sham and more attention needs to be paid to these contacts.