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GasBuddy News Article

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BP tried to manipulate gas market, alleges trader

The Guardian -- Former employee claims Houston office dismissed him unfairly and was trying to bully the natural gas liquids market

BP faces new embarrassment in America with a court case brought by one of its former traders, who claims the company was trying to manipulate the natural gas liquids market. Drew Sickinger, who joined BP's Houston office in 2009, says the company "created a pretext" for disciplining him late last year and then unfairly dismissing him.

Filed this week in a Texan court, a lawsuit for breach of contract includes allegations that BP was trying to rig the markets "by establishing a dominant and controlling position". The court papers do not explain the basis for the rigging claims, which were immediately denied by BP. But the case is highly unwelcome for an oil company fined $30


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Submitted Feb 02, 2013 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: BP tried to manipulate gas market, alleges trader Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 6, 2013 11:01:04 PM

Chris: doubtful. BP is already having to pay a ton of money. Not likely they will be paying a lot more than they have, so cases will be harder to win for a plaintiff.
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Chris46
Champion Author Dayton

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Message Posted: Feb 6, 2013 9:08:01 PM

Yet anyone can claim anything about a company. A disgruntled worker perhaps?
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 6, 2013 4:54:06 AM

wait... BP not playing by the rules? Hmmm... and that suprises anyone?!
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goldrose1
Champion Author Cleveland

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Message Posted: Feb 4, 2013 12:57:14 AM

Not surprised.
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eye-spy
Champion Author Quebec

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Message Posted: Feb 3, 2013 7:28:30 PM

Unreal.
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carloco75
Champion Author Richmond

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Message Posted: Feb 3, 2013 12:03:47 AM

Bas~tards...
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NemoIL
Champion Author Illinois

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Message Posted: Feb 2, 2013 11:42:20 PM

What else is new.
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silverfoxv65
Champion Author Michigan

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Message Posted: Feb 2, 2013 11:35:46 PM

They think they are above the law.
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boatfloyd
Champion Author Jacksonville

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Message Posted: Feb 2, 2013 11:18:00 PM

BP wants all the Money.
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pinofl
Veteran Author Miami

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Message Posted: Feb 2, 2013 11:15:39 PM

uff
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N5EXY
Champion Author Austin

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Message Posted: Feb 2, 2013 11:14:11 PM

Bush again.
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101Speedster
Champion Author Ventura

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Message Posted: Feb 2, 2013 11:13:37 PM

Big Oil manipulate? LOL
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rahcat
Champion Author Grand Rapids

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Message Posted: Feb 2, 2013 11:12:48 PM

How else can BP recoup their loses in the Gulf?
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DrLyon
Champion Author Michigan

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Message Posted: Feb 2, 2013 11:11:55 PM

Gosh...
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heartbroken2010
Champion Author Ottawa

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Message Posted: Feb 2, 2013 11:11:47 PM

Hmm.
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TheSicilian
Champion Author Jacksonville

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Message Posted: Feb 2, 2013 11:10:44 PM

really
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yakstar
Champion Author Montreal

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Message Posted: Feb 2, 2013 11:09:29 PM

probably true?
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unicornpmb
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Message Posted: Feb 2, 2013 11:07:24 PM

Must be a first.
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Tiernan
Champion Author Chicago

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Message Posted: Feb 2, 2013 11:07:07 PM

Astonishing - not.
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snagged
Veteran Author Akron

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Message Posted: Feb 2, 2013 11:06:17 PM

No They wouldn't do that.
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JasTheAce
Champion Author Raleigh

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Message Posted: Feb 2, 2013 11:05:24 PM

doubt it
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pgerassi
Champion Author Milwaukee

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Message Posted: Feb 2, 2013 11:03:10 PM

Greed strikes again.
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cheaper0ON
Champion Author Ontario

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Message Posted: Feb 2, 2013 11:02:36 PM

Bad.
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Feb 2, 2013 11:02:06 PM

Nooooo....really??? I can't believe it.
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carloco75
Champion Author Richmond

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Message Posted: Feb 2, 2013 10:59:59 PM

Greed much...?
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chuckhermann
Champion Author New York

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Message Posted: Feb 2, 2013 10:59:52 PM

Unhappy ex-employee with a grudge, or a good guy who kept quiet while he was getting paid? Wish he had had the backbone to report while he was still working there.
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nd73
Champion Author Grand Rapids

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Message Posted: Feb 2, 2013 10:59:23 PM

Um, uh, oh, it's all Bush's fault!!
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HA4CNN
Champion Author Toronto

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Message Posted: Feb 2, 2013 10:59:01 PM

Run them out of town.
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KhelbenArunson
Champion Author Michigan

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Message Posted: Feb 2, 2013 10:58:25 PM

crucify them.
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tdc007
Champion Author Lexington

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Message Posted: Feb 2, 2013 10:57:48 PM

Not surprised.
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mrbee
Champion Author Little Rock

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Message Posted: Feb 2, 2013 10:52:34 PM

Awaiting the outcome.
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clermont40miles
Champion Author Cincinnati

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Message Posted: Feb 2, 2013 10:52:08 PM

Whistle blowers pay a price. They know it beforehand, yet they feel it is so important they are willing to pay the price.

Rigging markets needs to be exposed.
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Aviator_Rob
Champion Author New York

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Message Posted: Feb 2, 2013 10:51:44 PM

Please explain how the Obama administration is friends with BP, @5Golfer8.
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jtfftj
Champion Author New Hampshire

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Message Posted: Feb 2, 2013 10:51:42 PM

Glad I don't any stock in BP, or any major media companies either. War of words, expensive too.
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must87searcher
Champion Author Maryland

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Message Posted: Feb 2, 2013 10:51:20 PM

There are always so bad people arouind.
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Aviator_Rob
Champion Author New York

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Message Posted: Feb 2, 2013 10:50:11 PM

If Jim Carrey wants to do another "Liar Liar" movie, he should play an oil company spokesman.
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SavALot
Champion Author Virginia Beach

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Message Posted: Feb 2, 2013 10:49:13 PM

surprise surprise bp at it again
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Buddy2264
Champion Author Tampa

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Message Posted: Feb 2, 2013 10:47:08 PM

Will be interesting to see what the facts are..
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Math6149
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Message Posted: Feb 2, 2013 10:45:47 PM

Why not?
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bmsgolf
Champion Author Amarillo

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Message Posted: Feb 2, 2013 10:44:35 PM

No way
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dasimon
All-Star Author Florida

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Message Posted: Feb 2, 2013 10:44:24 PM

Go figure
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gasmack
Champion Author Ventura

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Message Posted: Feb 2, 2013 10:43:51 PM

Could be another example of the greedy, rapacious behaviors of BP management that have been previously exposed.
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veemotors
Champion Author Alberta

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Message Posted: Feb 2, 2013 10:43:40 PM

more oil and gas produced than before but higher prices.
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bearzz
Champion Author California

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Message Posted: Feb 2, 2013 10:42:21 PM

Meh . . .
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Focus2
Champion Author Illinois

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Message Posted: Feb 2, 2013 10:37:34 PM

I don't doubt that, but I don't think they are the only one. I read of some energy companies trying to capture contracts with other countries to export LNG to them. I got this notice in an e-mail yesterday from an Energy promoter. It will put more money in the pockets of Big Energy, establish a world price for liquified natural gas exports, and we will pay world demand prices here at home. Just like management by OPEC isn't it?

"Thanks to booming natural gas production, the U.S. has an historic opportunity to begin supplying the world with liquefied natural gas.

Unfortunately, red tape is standing in the way of letting this happen. The Administration is asking for comments to decide whether they will allow LNG exports and create new demand for U.S. natural gas. This will lead to more production and more jobs across the nation."
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TxPDawg
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Message Posted: Feb 2, 2013 10:33:18 PM

right
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esquared
Champion Author Oklahoma City

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Message Posted: Feb 2, 2013 10:33:05 PM

I'm shocked, shocked I tell you!
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RitaVespa
Champion Author Oregon

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Message Posted: Feb 2, 2013 10:32:33 PM

Not a surprise here. Doubt anything will happen
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ntass1
Champion Author Edmonton

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Message Posted: Feb 2, 2013 10:31:30 PM

surprise
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5Golfer8
Champion Author Tucson

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Message Posted: Feb 2, 2013 10:30:16 PM

Crooks will be crooks especially when their Obama's buddies why else would they get away with the damage they caused in the gulf.

[Edited by: 5Golfer8 at 2/2/2013 11:31:22 PM EST]
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