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Corporate Accountability and WorkPlace

How a Shady Citigroup Subsidiary Secretly Makes Billions in the Oil Market

By Pam Martens, CounterPunch. Posted June 23, 2008.


Crude oil has risen 700 percent in seven years; the lack of oversight has allowed companies like Phibro to pull in huge and questionable profits.
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See more stories tagged with: corruption, citibank, pbibro, oil trading

Pam Martens worked on Wall Street for 21 years. She has no securities position, long or short, in any company mentioned in this article. She writes on public interest issues from New Hampshire.

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