Marathon Oil, Manipulation, Misplaced Concreteness and the Cheesy Strategy

Michael Giberson The Houston Chronicle reports, “Marathon Oil Corp. says regulators have warned the company that it may face legal action for allegedly attempting to manipulate crude oil prices in 2003.” Marathon allegedly traded aggressively one day in 2003 in an after-hours market to drive down the price of a commonly-used benchmark, presumably to benefit … More Marathon Oil, Manipulation, Misplaced Concreteness and the Cheesy StrategyMore Marathon Oil, Manipulation, Misplaced Concreteness and the Cheesy Strategy