BP, Shell, Statoil Raided by EC

Nobody's been busted yet, but this news has just come across the wires from Environmental Leader magazine. Three of the biggest names in European oil—BP, Royal Dutch Shell and Statoil—have had their offices raided by investigators for the European Commission investigating possible oil price fixing. The EC is being careful to say that the raids should not be interpreted as proof of guilt, but this could be a story worth watching. The complete story is here.