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Energy suppliers held back gas during UK shortage

The Guardian -- Some of Britain's biggest energy suppliers were holding back gas in storage tanks at a time when the market ran into an acute shortage two months ago, triggering a doubling of wholesale prices.

The revelations came after claims the UK was within six hours of running out of gas completely on 22 March and will feed rising public and political anger over soaring power bills and previous allegations of market manipulation. ...

The revelation also comes as the industry faces allegations of manipulation in both oil and gas markets, triggering dawn raids by the European commission and reviews by Ofgem and the FCA.


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Submitted May 25, 2013 By: Eugenian
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Energy suppliers held back gas during UK shortage Back to Topics
REPLIES (newest first) Post a Reply
Gnusman53
Champion Author San Diego

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Message Posted: May 29, 2013 9:53:26 AM

Hopefully the Brits will be smarter and less corrupt that the pols in the US...time we send some of the banking crooks to jail....
heydano67
Champion Author California

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Message Posted: May 27, 2013 2:52:59 AM

not good
musicreporter
All-Star Author San Antonio

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Message Posted: May 27, 2013 1:10:46 AM

ok
musicreporter
All-Star Author San Antonio

Posts:966
Points:695,340
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Message Posted: May 27, 2013 12:34:40 AM

ok
musicreporter
All-Star Author San Antonio

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Message Posted: May 27, 2013 12:34:16 AM

ok
Pmgr
All-Star Author San Antonio

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Message Posted: May 27, 2013 12:34:02 AM

ok
bston
Champion Author Oklahoma City

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Message Posted: May 26, 2013 7:10:13 PM

I imagine this angered many citizens & causes a great deal of mistrust!
DanMtz
Champion Author Oakland

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Message Posted: May 26, 2013 10:34:33 AM

Shocking.
Gnusman53
Champion Author San Diego

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Message Posted: May 26, 2013 3:41:36 AM

Just call the GOP the judas party.... they sold out the country decades ago...
Gnusman53
Champion Author San Diego

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Message Posted: May 26, 2013 3:40:44 AM

And we have the same thing here with the banks.... the GOP even has the banks writing the laws.....
bolobill
Champion Author Michigan

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Message Posted: May 26, 2013 1:12:16 AM

ok
72_Monte
Champion Author Twin Cities

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Message Posted: May 26, 2013 12:44:37 AM


Sounds like a hanging offense.
wz
Champion Author Twin Cities

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Message Posted: May 26, 2013 12:33:40 AM

The market opens up to manipulation when companies get too big, and gain too much control over government and its enforcement arms (the big oil companies are funding both political parties, so it doesn't matter to them who wins).
Vette1967
Champion Author Albany

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Message Posted: May 26, 2013 12:21:45 AM

Wonder what their reasons were.
RamboOn66
Champion Author Tampa

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Message Posted: May 26, 2013 12:21:42 AM

I'll keep that in mind next time I plan to drive to England.
us4usa
Champion Author Missouri

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Message Posted: May 26, 2013 12:20:56 AM

Most can live without an i-phone, few can live without energy...
10k
Champion Author North Carolina

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Message Posted: May 26, 2013 12:19:55 AM

you think that doesn't happen here ??..
Badjef
Champion Author Florida

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Message Posted: May 26, 2013 12:19:39 AM

Busted!
PrinceLH
Champion Author Ontario

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Message Posted: May 26, 2013 12:18:38 AM

Should be heavily fined!
louderthanlove
Champion Author Portland

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Message Posted: May 26, 2013 12:18:09 AM

not cool
0to60in6
All-Star Author Idaho

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Message Posted: May 26, 2013 12:18:08 AM

Stinkers indeed. But it makes me wonder how the UK allows themselves to get in such a desperate situation. Maybe some new political leaders would be in order.
gasper
Champion Author Edmonton

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Message Posted: May 26, 2013 12:18:08 AM

I say you think Europe is bad for greed take a look at North America it is the same with all the oil and gas we have and they answer to no one. The Government does nothing and the economy pays big time because of it. Canada is worse than the USA for that we are a small nation and oil rich and we are paying over $5.00 a gallon for it makes no sense at all.
DragonLady76
Champion Author Illinois

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Message Posted: May 26, 2013 12:17:39 AM

THAT'S JUST WRONG!
jethro5000
Champion Author Kentucky

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Message Posted: May 26, 2013 12:16:57 AM

I bet they have do e stuff like this here as well...
crreed1
Champion Author West Virginia

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Message Posted: May 26, 2013 12:16:14 AM

get them
altima2008
Champion Author Philadelphia

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Message Posted: May 26, 2013 12:15:41 AM

What a bunch of morons.
TheSicilian
Champion Author Jacksonville

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Message Posted: May 26, 2013 12:15:27 AM

sad
vibdata
Champion Author Massachusetts

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Message Posted: May 26, 2013 12:12:59 AM

Is this a non-US country? And this stuff goes on? What???
GasholeMI
Champion Author Lansing

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Message Posted: May 26, 2013 12:12:52 AM

Within 6 hours of running out of gas completely? Really?
NorthglennBill
Champion Author Denver

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Message Posted: May 26, 2013 12:12:50 AM

Crooks! What else can you say?
Glock26
Champion Author Dayton

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Message Posted: May 26, 2013 12:11:42 AM

Greed, nothing but greed!!!
Zonk
Champion Author Michigan

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Message Posted: May 26, 2013 12:11:41 AM

Get the platform, the stage, and the rope ready.
texasvet
Champion Author Texas

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Message Posted: May 26, 2013 12:10:29 AM

They make it sound just dreadful, but let me ask you: Is Apple obligated to sell you I-phones? Is your corner grocery under some obligation to stock celery? It's cynical and definitely sleazy, but I don't think it's illegal.
5Golfer8
Champion Author Tucson

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Message Posted: May 26, 2013 12:10:03 AM

Crooks are crooks so get a rope.
mlambo
Champion Author Indiana

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Message Posted: May 26, 2013 12:09:47 AM

They do things to keep the price high. They don't let out the stories or facts that cause the price to go down. That is the way it will always be. Get used to it and don't overreact !
jrschl
Champion Author Louisville

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Message Posted: May 26, 2013 12:08:09 AM

With prices dropping the day before a holiday weekend and the jumping 23ยข that evening, you know the market is being manipulated.
boatfloyd
Champion Author Jacksonville

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Message Posted: May 26, 2013 12:08:07 AM

Remember the 70's?
heartbroken2010
Champion Author Ottawa

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Message Posted: May 26, 2013 12:07:46 AM

check the wallets.
tclbbs
Champion Author Columbus

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Message Posted: May 26, 2013 12:07:17 AM

Just like the 70's here. No shortage, just a way to GOUGE us even more.
pv2004
Champion Author Connecticut

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Message Posted: May 26, 2013 12:06:25 AM

old
yakstar
Champion Author Montreal

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Message Posted: May 26, 2013 12:06:09 AM

...and joe q. sucker foots the bill!
timesaverinc
Champion Author Wichita

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Message Posted: May 26, 2013 12:06:07 AM

Why would we be surprised
arb0526
Champion Author Greensboro

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Message Posted: May 26, 2013 12:05:27 AM

ok
obimerrill
Champion Author Cincinnati

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Message Posted: May 26, 2013 12:04:39 AM

No surprise...bet they are doing it in the US as we'll!
tutaw
Champion Author Kentucky

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Message Posted: May 26, 2013 12:02:53 AM

not surprising
rte3tdi
Champion Author New Hampshire

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Message Posted: May 26, 2013 12:02:01 AM

The UK should impose more regulations to stop this nonsense.
cwashi3324
Champion Author Cincinnati

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Message Posted: May 25, 2013 11:59:19 PM

Ha!
mdskier
Champion Author Sacramento

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Message Posted: May 25, 2013 11:59:07 PM

Find and fine them. My wife's sister in London once
dated someone who reported a station for giving you
less gas than shown on the pump.

The officials did their own check and closed the station.
JagXKR
Champion Author British Columbia

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Message Posted: May 25, 2013 11:53:27 PM

Market manipulation....say it ain't so.
Cableman66
Champion Author North Carolina

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Message Posted: May 25, 2013 11:50:09 PM

OK.
tdc007
Champion Author Lexington

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Message Posted: May 25, 2013 11:48:31 PM

Ok
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