The U.S. futures regulator on Tuesday sued two veteran oil traders and their employers, the Arcadia and Parnon Energy firms, charging they booked US$50-million in profits by manipulating oil prices in 2008. The Commodity Futures Trading Commission accused traders at Parnon Energy Inc and Arcadia Energy Suisse SA of carrying out a cross-market trading scheme between January and April of 2008 involving accumulation and sell-off of a substantial position in physical crude oil to manipulate futures prices. Parnon and Arcadia are owned by Norwegian shipping magnate John Fredriksen. The CFTC said James Dyer and Nick Wildgoose -former BP senior traders -directed the manipulative trading scheme. The complaint is among the agency's biggest charges of wrongdoing in energy markets.
From Page FP3 of the Wednesday, May 25, 2011 Financial Post
Wednesday, May 25, 2011
Tuesday, May 24, 2011
St. Thomas Air Show
I told the person in charge of the St. Thomas Air Show today that I would not be attending, since they will not allow anyone to drive their vehicles to the air show this year.
Instead, they will have "shuttle buses" coming to and from the St. Thomas Airport.
It seems that "safety" trumps practicality. So be it.
Since "safety" seems to be the big thing, I think it best that they stop having an Air Show at the St. Thomas Airport, since Air Shows are potentially dangerous.
Instead, they will have "shuttle buses" coming to and from the St. Thomas Airport.
It seems that "safety" trumps practicality. So be it.
Since "safety" seems to be the big thing, I think it best that they stop having an Air Show at the St. Thomas Airport, since Air Shows are potentially dangerous.
Sunday, May 1, 2011
St. Thomas Transit
For the first time in many years, I have not purchased a monthly bus pass.
As St. Thomas Transit has become an unreliable method of transportation, it has been necessary for me to find an alternate, more reliable form of transportation.
This is not the fault of AboutTown transit, or employees of AboutTown, but it is the fault of the bureaucracy at City Hall.
Many people depend on St. Thomas Transit for transportation to and from work.
It has become physically impossible for some buses to complete their route in a 30 minute time period, due to traffic and “equality”.
My suggestions to improve service “will be considered” for the future.
While I hope to be around in the future, I am in the now, and require a reliable method of public transportation.
St. Thomas, at this time, does not have a reliable method of public transportation.
As St. Thomas Transit has become an unreliable method of transportation, it has been necessary for me to find an alternate, more reliable form of transportation.
This is not the fault of AboutTown transit, or employees of AboutTown, but it is the fault of the bureaucracy at City Hall.
Many people depend on St. Thomas Transit for transportation to and from work.
It has become physically impossible for some buses to complete their route in a 30 minute time period, due to traffic and “equality”.
My suggestions to improve service “will be considered” for the future.
While I hope to be around in the future, I am in the now, and require a reliable method of public transportation.
St. Thomas, at this time, does not have a reliable method of public transportation.
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