Thursday, July 19, 2012

ESCAPE THE OLYMPIC KILLING ZONE OF LONDON 2012

Magna Carta Raped by Spook Rule

The Magna Carta, the charter of English liberties was imposed on King John in 1215, it will be dead on its anniversary in 2015. It has been shredded in British Occupied Ireland by the Secret Services and their front man the unelected English autocrat Paterson, who re-introduced the wartime instrument of internment without trial, in total disdain of a supposed peace process.

The first published edition of the Magna Carta, appeared in 1759 produced by William Blackstone, serving later as a source of U.S. constitutional law in “The Great Charter and the Charter of the Forest.” Both charters have served significantly, as the basis for law in the legal profession and the basis of human rights activity in the Charter of Liberties, widely recognized as the cornerstone of fundamental rights or as Winston Churchill put it, “the charter of every self-respecting man at any time in any land.”

The Charter in 1679 was elaborated to include the Habeas Corpus Act, formally titled “an Act for the better securing the liberty of the subject, and for prevention of imprisonment beyond the seas.” The modern version is internment or in the US called “rendition” imprisonment for torture. Much of English law was incorporated into the U.S. Constitution affirming, “the writ of habeas corpus shall not be suspended” and in 1961, the U.S. Supreme Court further ruled that rights guaranteed by this Act were “considered by the Founders as the highest safeguard of liberty, providing that no “person shall be deprived of life, liberty or property, without due process of law and a speedy and public trial.”

ESCAPE THE OLYMPIC KILLING ZONE LONDON 2012

Olympic Wars London 2012

Irish Republican News · July 13, 2012

Price and Corey prisoners of MI5-spun web of deceit

By Jim Gibney (for Irish News)

The fingerprints of MI5 are all over the detention of Marian Price and Martin Corey, two former prisoners who served life sentences through the 1970s, eighties and nineties and are continuing to serve life sentences following their forcible return to prison at the direction of the British secretary of state Owen Paterson.

Ms Price and Mr Corey are at the centre of a power struggle for control over the quality of justice and its dispensation between Britain’s intelligence agencies and those inside the north’s justice and prison system and the courts who seek to administer justice based on the facts they see before them and not concocted stories woven in the minds of those inhabiting the murky world of MI5. A carefully planned campaign of intimidation orchestrated by MI5 is directed at David Ford, the north’s justice minister, the life sentence parole board inside the prison and the north’s judiciary.

The basis of this intimidation is vacuous testimony secretly sourced and provided by members of the intelligence agencies alleging that Ms Price and Mr Corey are a danger to the public because of their association with dissident republican groupings.

On Monday MI5’s interference in the justice process received a temporary and very public setback when Mr Justice Treacy ordered Mr Corey’s release on the grounds that there had been a breach of the European Convention on Human Rights and that his detention was unacceptable because it relied on “closed material” and that this was unsafe.

Within minutes of Mr Justice Treacy’s judgment directing Mr Corey’s release Paterson moved to block it, no doubt with the approval of MI5.
The speed with which Paterson moved against this judgment is an indication of the determination of those in the British intelligence system to fight to maintain their control.

At the time of writing Mr Corey is appealing the British secretary of state’s attempts to block his release.

And Paterson is facing additional pressure to release his grip over the north’s justice system by the solicitor representing Ms Price. With the assistance of Ms Price’s family and British-Irish Human Rights Watch, her solicitor, Peter Corrigan, invited two United Nations doctors to examine her.
The examination was carried out two weeks ago and the UN doctors’ report is due to be released shortly.

There has been concern for quite some time about Ms Price’s mental and physical health due to the prolonged period of isolation she has experienced since her arrest in May 2011. And although the staff at Belfast City Hospital, where she has been moved, are professional and attentive to Ms Price, the isolation continues. She is still a prisoner under armed guard.

There is a broad consensus among the medical team monitoring her health that a home-based environment is essential to arrest the decline in her physical and mental health. The minister for justice in the north’s executive, David Ford, has been lobbied to release Ms Price on humanitarian grounds by Sinn Féin, the SDLP and her family and supporters.
And while Mr Ford is not responsible for detaining Ms Price he has the power to release her.

He exercised that power some time ago when he released Brendan Lillis who was seriously ill in Maghaberry Prison.

Mr Ford was correctly praised for doing so. But it is not just the treatment of Ms Price in prison which is a travesty of justice, it is also her continued detention.
On two occasions Ms Price was granted bail and on both occasions Owen Paterson personally intervened to block her release.
When she was hours away from being released he revoked the pardon she was granted in 1980 and reimposed the life sentence she was given for bombing the Old Bailey in London in 1973.

Her solicitor pursued Paterson to hand over a copy of the pardon which triggered her release in 1981 because he believes the pardon will show that her conviction and life sentence were overturned.
Conveniently for Paterson, the pardon search ran cold. He claimed it was either lost or shredded.

Ms Price and Mr Corey are prisoners of MI5 and the web of deceit it has woven around them.

They should be released immediately.

Olympic Games, Olympics, London 2012, London Olympics, Olympics London, MI5, blogger, YouTube, Video,

Wednesday, July 18, 2012

UK Riots 2011 London 2012 Olympics !

Return of anti-Irish racism in Britain

Tuesday, July 17th, 2012 at 5:14 pm

BRIAN WHELAN

Poster advertising Saturday's "anti-IRA" march in Liverpool

Last week saw the announcement of an “anti-IRA” march in Liverpool by hardline English Defence League splinter group the North West Infidels (NWI), a far-right street protest movement. The march is an anachronism, a feeble attempt by the far-right to relive past ‘glories’ – but if you scratch beneath the surface of English society anti-Irish prejudice still lurks.

Thousands of Irish people have emigrated to England over the last three years. They’ve arrived in the country with over 600,000 Irish born citizens, but are quite often completely unaware of the difficulties past generations faced moving here.

Occasionally you may notice the signs of a previous tension; a total stranger might approach you in the pub upon hearing your accent to let you know their relative was killed while serving in the North, as if you were to blame or should apologise.

For me the soft face of anti-Irish sentiment first hit home when people began to leave comments under articles I’ve written suggesting it’s time for me to move home and hand my job and house over to a British person. I felt it was my own fault for venturing below the line.

Poster advertising Saturday's march

It turns out I’m not alone. British-born journalist Brendan O’Neill regularly receives “Paddy-bashing’” abuse for simply having an Irish surname and occasionally speaking out against “Catholic-bashing”.

This Saturday Liverpool’s Irish community had planned to march against racism. The event is organised by the James Larkin Society with the hope of countering the worrying rise in far-right activity targeting Muslims, trade unionists and Irish republican groups living in the north of England.

Outraged by the prospect the North West Infidels have called for their own protest billed as “Stop the IRA march in Liverpool”, despite the event having nothing to do with the IRA.

The poster in red, white and blue boldly declares: “Over the past several years the city of liverpool and north west england has seen the rise of anti-British feeling projected on them by immigrant families from the republic of Ireland.”

The rhetoric is laughable, but it’s being backed up with physical force.

“These people are much like the Islamics. They take take take with one hand and abuse their host nation with the other. They openly support sinn fien [sic] and the irish republican army and we are expected to stand by, smile and allow them to spread the hatred for britain.”

Last February, in scenes unseen since the 80s, hardline British nationalists stopped a march commemorating Liverpool-born Republican Sean Phelan and racially abused marchers.

The NWI, usually dedicated to harassing the Muslim community under the pretence of protesting “extremism”, have openly expanded their remit to include targeting Irish families.

Any sane English person would stay away, as the protest represents something abhorrent to right-minded people, and while most Irish immigrants have no interest taking part in an anti-racism protest or republican commemoration, even a fringe re-emergence of anti-Irish street marches should come as a warning to us all.

The rhetoric of groups like the English Defence League is just the recycled racism of the 1980s when the National Front and British Movement would stage “anti-IRA” marches as an excuse to attack and intimidate Irish immigrants. As a consequence many Irish people moved to the forefront of the fight against the far-right in the UK and played a central role in beating the fascists off the streets.

The unspoken rule seems to be that Irish people are white, so discriminating against them can’t be racist. When BBC3 screened RTE’s documentary about Irish rappers last week the soft face of anti-Irish prejudice quickly surfaced on Twitter:

“You should be Happy They Spitting Bars and Not Blowing up Sh*t#IRA”

“Irish rappers on bbc three!? Give it a rest, f**k off back to the fiddle and flute you potato eating chumps!“

“Irish rappers!!…potato famine has resulted in some damage chromosomes me thinks”

Similar Tweets about any other nationality could potentially get the person arrested or fired from their job, but when the jokes are aimed at the Irish it is written off as “banter”.

Brian Whelan

This is a situation helped by our love of self-deprecation and general thick-skinned nature when taking criticism, but outbursts like the above should not be tolerated. It’s up to us to decide when the joke stops.

The recession has scattered an entire generation of Irish youth across the globe, hopeful and idealistic, but ultimately abandoned by our own government and without any networks for support. While the French government has created new constituencies abroad to represent their expats, Ireland withdraws support closing the RTE London office at a time when more Irish people here need a voice than ever before.

A fractured Irish community with no connection between the old generation and the new arrivals can make an easy target. Without a sense of our own history anti-Irish sentiment might seem like something that doesn’t affect you, but if left unchecked it could come marching down your street next.

Brian Whelan is an Irish journalist living in London. He blogs atbrianwhelan.net and Tweets at @brianwhelanhack.

Tuesday, July 17, 2012

Wenlock and Mandeville Olympic Undercover IRA Moles Targeted by British Army

Wenlock and Mandeville Targeted to be Whacked or Interned Without Trial in British Occupied Ireland Concentration Camp.

The BBC was nothing but a front for Lord Muck and the IRA an evil spying network of murderers. New documents have revealed. that Wenlock and Mandeville, two ex-employees of the now defunct BBC 606 and the official mascots for the 2012 Summer Olympics being held in London 2012, have unmasked the two Irish moles as agents working for the IRA, who have burrowed their way deep undercover of the radioactive Olympic Stadium, ready to explode at the closing ceremony.

New devastating evidence proves what Tory leaders have been saying for years, that the BBC is nothing but lies and propaganda, that even watching it is tantamount to treachery, and the only way to find out the truth is to watch government briefings on Gerry Adam's TV in British Occupied Ireland. Documents covering the period from September1971 to 9 May this year, indicate a contact between someone who may have been in IRA intelligence officer and someone whose name is very similar to a man that started work as a cleaner at the Olympic Stadium.

"This damning level of infiltration into the Olympics is simply unbelievable," said one MI5 intelligence officer. "It is simply inconceivable. My brain is beginning to hurt as we speak. But I'm not in the least surprised. We now know that Wenlock and Mandeville spent all the money they earned at the BBC and from selling weapons of mass destruction to terrorists, on producing propaganda and speading lies for ex-colleagues working at the BBC."

The cleaner who used to also work for the BBC, would have had access to the inner workings of the BBC in the evenings, when everyone had gone home, it was revealed. It is not difficult to see how, using coded messages secreted inside BBC 606 broomhandles and bin-liners, he could have edited footage, to make it look like the Irish in British Occupied Ireland, weren't happy about UK troops liberating them. Pictures of dead innocent Irish were thought to have been mocked up during tea breaks in staff
canteen by Wenlock and Mandeville who are also believed to have hacked into the BBC's computer system, with the full knowledge of the management and rewritten the next day's news announcements to include lies and propaganda and dirty nasty filth about the UK government. Despite listening to their own rewritten reports, BBC editors didn't twig because their brains were so addled from hookah pipes, prostitutes and Irish propaganda fed into their brains from the age of two, one expert revealed.

A search of Wenlock and Mandeville's lockers at the Olympic Stadium by UK special forces at the weekend, also revealed several containers of dangerous chemicals and five dirty bombs, proof that they were also manufacturing biological and nuclear weapons from all the contaminated radioactive soil spread around the Olympic Stadium. Incredibly, the documents also prove that Osama bin Laden was also in control of the BBC for years and so Wenlock and Mandeville must have been best friends with Osama up to the time of his death, said a professor of logical deduction at Oxford.

The news that agents from intelligence services have attempted to infiltrate news organisations like the BBC has shocked media pundits worldwide. "I can't believe it," said the former head of MI5. "We have one over-riding rule here in London never interfere with the democratic rights of the media and freedom of speech. It just shows how low Wenlock and Mandeville are willing to go. I am outraged. If there's one thing we won't stand it is MI5 or MI6 agents working as British journalists. The media must be allowed to present information in whatever way it likes without any interference from us. Now I must go, I've got an Olympic report to edit, hearts, minds, the empire and all that, old chap."

Ms.Givings, speaking from the new Palace on the Thames, confirmed she has been hard at work creating a treble agent to infiltrate the Wenlock and Mandeville terrorist network at the Olympics. "After a hard day on the wards with director Stanley Kubrick who withdrew his 1971 epic Clockwork Orange, despite its status as an Irish art-house classic of the genre, I spent quite some time introducing Wenlock and Mandeville to sapphic love. I have loved women in the past and slept with them too. I think if you love and want to pleasure a woman, particularly if you are a woman yourself, then certainly you know how to do things in a certain way."

Ms Givings was indeed no slouch in the girl-on-girl department according to one furry cup guru "It tends to be the case that normal lesbians or bisexual moles may not perhaps be as well endowed as Ms. Givings in the phwoaaar department make indifferent lovers. Ms. Givings, on the other hand, can lead a whimpering partner to a shattering climax within seconds, before continuing to work the trembling recipient for days, if not weeks.However as I expressed my doubts to MsGivings, she became increasingly agitated. I had, she insisted, completely missed the point. The debate became increasingly acrimonious until, incredibly, a furious MsGivings pulled down her shorts and proceeded to urinate onto two expensive copies of Wenlock and Mandeville, while one of her M15 spokesperson colleagues Rebekah "Basher" Wade, lay underneath licking her lips.

Personally I think they should both have been sent home pending psychiatric evaluation. And while I am prepared to admit a certain sympathy with some peoples' love of the outdoor life, the Olympics and all that, I insisted that water sports are deadly. However they both said their tipping point was the exclusion of that golden boy of English soccer David Beckham from playing at the Olympics. MsGivings said "I don't think I'll ever work for MI5 again," she was visibly-shaken as she sat tearfully clutching a picture of Posh and Becks atop two jewel-encrusted thrones on their wedding day in 1999. "I'm on tablets from the doctor. It's me nerves,"
she explained, before breaking down entirely and blubbering uncontrollably into a English replica shirt.

Beckham apparently was not included in the Olympic team because he engaged in a golden shower with Rebecca Loos and one of her friends, had sold graphic text conversations between the pair to a UK tabloid. "He can't speak at the moment," said spokesperson Rebekah Wade. "He's already smashed up the flat and right now Nancy's holding him by his feet while he tries to get out to play some football" M15 spokesperson Rebekah "Basher" Wade defended the deployment of Jordan's WMCs (Weapons of Mass Circulation to unmask Wenlock and Mandeville ): "The girl's a national institution. Those Irish have targeted England's premier piece as well as our Olympic showpiece.

I am neither Gaeilgeoir nor Catholic - but I am still Irish

RITE & REASON: JAMES JOYCE in Portrait of the Artist says: “When the soul of man is born in this country there are nets flung at it to hold it back from flight. You talk to me of nationality, language, religion. I shall try to fly by those nets.”PATRICK SEMPLE

During my life I have had a sense of wanting to “fly by those nets”, to avoid the constraints of nationality, language and religion.

My family came to Ireland in the early 19th century from Scotland. My paternal grandfather was in the army in Ireland and in India. Having come home from the famous Nile expedition, he was posted to Wexford, where he died in 1909. I was born there 30 years later.

My parents, who were adult in 1922, as citizens gave the new State their full, but not uncritical, loyalty. Since I was a boy I have wanted to free myself from the narrow, self-conscious and extravagant national pride all around me.

I was born just 17 years after Independence, so as I grew up, I heard at every turn the espousal of Ireland and everything Irish, but always felt that self praise is no praise. Some teachers indoctrinated children with a nationalism that amounted to hatred of Britain – and we wonder why violent republicanism still rears its ugly head.

I once heard a language enthusiast on radio say that unless you spoke Irish, you were not a proper Irishman. According to this principle, I am numbered among the 95 per cent or more defective Irish people. However I am in favour of preserving the spoken language as far as possible.

Two native-speaker friends independently told me that sometimes so bad is the Irish on radio and television that they have to turn it off. Having been brought up a member of the Church of Ireland in the post-Independence period of triumphalist Catholicism, I was made to feel an outsider. For so many people, in Ireland and outside, Irish is synonymous with Roman Catholic. Brendan Corish, leader of the Labour Party in the 1960s, went even further and said publicly: “I am a Catholic first and an Irishman second.”

I resented being seen by fellow countrymen as being Irish but not the full shilling. I resented that being Irish, foreigners expected me to sit lightly to the law and to have an ongoing affair with alcohol. How then am I Irish?

I am Irish pure and simple. I am as Irish as the most extreme republican, as the greatest enthusiast for and most fluent speaker of the Irish language and as the most fervent Catholic.

I am neither proud nor ashamed of it. I am glad I am Irish and I know I could never live contentedly outside Ireland.

There are characteristics of Irish people that I appreciate: generosity to the afflicted, welcome to the stranger, relaxed approach to living and a particular sense of humour. However, none of these is exclusive to our people.

We are not God’s gift to the world. We are one of a multitude of peoples on the planet who live together within particular national boundaries. There are characteristics of many Irish people I do not appreciate: for example, the selfishness of being so laid back as to be unreliable and believing that the destructive use of alcohol is funny.

I’m not a Kerry republican, a Dublin 4 nationalist or an Ulster or any other kind of unionist. I’m not a Gaeilgeoir or a Catholic.

On the other hand I am not Anglo Irish in any sense – I don’t possess or ever did possess, a horse! Neither have I an emotional home in England. I don’t want to be other than Irish. I am simply a human being who was born on the island of Ireland – and I’m glad that I was.

Patrick Semple is a former Church of Ireland clergyman and writer. He teaches creative writing at NUIM His website is patricksemple.ie

MILITARIZED OLYMPICS :British Occupied Ireland Comes to London 2012

According to Ms.Claire Evans paranormal expert the flaming torch symbolizes the Olympics and Satanists have always known it represents Lucifer. She elaborates in an excerpt below :

" London 2012 Olympic Games a Human Sacrifice?

HISTORY OF THE OLYMPIC GAMES

Signs are everywhere that something significant is going to happen at the Olympics. Having familiarizing with occult symbols I have found them so numerous, it’s astonishing. Perhaps I am just more aware of it but I feel these symbols far outnumber those in previous Olympics and they do not convey a great message.

People have always assumed that the torch relaying ceremony is derived from an ancient pagan tradition in the Olympics. It did not exist until the ceremonial lighting of the flame at the Olympic stadium in 1936, Berlin, under the orders of Adolf Hitler. He wanted it to symbolize the celebration of the Third Reich, Germany governed by the Nazi Regime.

It is true that a flame burnt 24 hours a day at Olympia in antiquity but the Games were never opened by the torch relay. Messengers heralded the opening by running through the streets instead of people running with the torch for 12 days.

The Olympic rings are not ancient either. They made their debut in 1920 at Antwerp, Belgiuim and were designed by Pierre de Coubertin, founder of the IOC and the father of the modern Olympic movement, in 1913. It was supposed to represent the first 5 Olympics but was disbanded when the Archduke Ferdinand of Austria was assassinated triggering the First World War.

Hitler’s influence incorporated the OIympic Rings into Olympic pageantry in Berlin and it has stuck ever since. Of course it is not savoury to equate these rings with Naziism. Leni Riefenstahl, the Olympia filmmaker and who also chronicled the rise of Hitler, forged the rings by etching them in a stone altar in the ancient city of Delphi, Greece, to mislead the world into believing the rings were an ancient pagan symbol and not associated with Hitler.

The Nazi Olympic rings

See all 7 photos

Source: Nazi Olympic rings

I would strongly advise anyone planning to go to the Olympics to cancel. "

2012, Blogger, Google Images, London, London 2012, London Olympics, Olympic Games, Olympics, Olympics London, Olympics London 2012, YouTube

Monday, July 16, 2012

MORE LONDON 2012 DOCTORED NUMBERS

The International Monetary Fund has downgraded its forecast for UK growth this year by more than any other developed nation and warned that the world economy is weakening.

The Washington-based organisation predicted on Monday that growth in the UK will all but evaporate in 2012 with a rise in GDP of just 0.2%, compared with a previous forecast of 0.8%.

Next year the much vaunted recovery will falter as the eurozone continues to argue over a longer term solution to its debt problems.

The IMF said in its latest World Economic Outlook that GDP across the UK – which is currently in recession – will increase by 1.4% in 2013 – a 0.6 percentage point cut from its previous 2% forecast. Only Spain has a bigger downgrade next year after the IMF said it will lose 0.7 percentage points and maintain its run of recessions for a third 12-month period.

Christine Lagarde, the former French finance minister who heads the IMF, has warned European leaders they must press ahead with further measures to deal with the euro crisis or growth forecasts could prove optimistic.

The IMF said in its latest report that without action to stimulate growth in emerging economies in Asia and South America, global growth could also suffer, while in the US the Obama administration needs to revitalise an economy that is hitting the buffers.

In a statement it said: "Clearly, downside risks continue to loom large, importantly reflecting risks of delayed or insufficient policy action.

"In Europe, the measures announced at the European Union (EU) leaders' summit in June are steps in the right direction. The very recent renewed deterioration of sovereign debt markets underscores that timely implementation of these measures, together with further progress on banking and fiscal union, must be a priority.

"In the United States, avoiding the fiscal cliff, promptly raising the debt ceiling, and developing a medium-term fiscal plan are of the essence. In emerging market economies, policymakers should be ready to cope with trade declines and the high volatility of capital flows."

Ed Balls MP, Labour's shadow chancellor, in response to the IMF's revised forecasts for the UK economy, said the forecasts were evidence the government's economic plan has failed.

"Last autumn the IMF forecast growth of just 1.6% this year and warned that if those expectations were undershot, the government should take urgent action to boost the economy including temporary tax cuts and more investment in infrastructure.

"Less than a year on, the IMF is now forecasting growth of just 0.2% this year and Britain is one of just two G20 countries in a double-dip recession. And the recession means borrowing is now going up. "

The Bank of England and the the Treasury's fiscal advisory body, the Office for Budget Responsibility, still forecast that the UK is likely to grow at 2% next year. Both organisations will be under pressure to follow the IMF's downgrade to 1.4%.

The significance of the downgrade is that low growth, while ending the recession, will prolong the longest depression in the last 100 years and will be insufficient to cut unemployment significantly.

Britian is still more than 4% below the level of GDP recorded in 2007 and about 12% below the trajectory set before the financial crisis. A Treasury spokesman said the IMF supported the government's view that the eurozone crisis was to blame for most of the UK's woes.

"Because the euro area is the UK's largest trading partner we are now feeling the effect across our economy. But as the chancellor said last week, we are not powerless to act in the face of the European debt storm: that's why the Treasury and the Bank of England are taking co-ordinated action to inject new confidence and support the flow of credit to where it is needed in the real economy."

Overall, the IMF moderated its projections for global growth to 3.5% in 2012 and 3.9% in 2013. Many other forecasters have argued the slowdown in the US and China will have a larger than expected drag on world trade and growth.

France fares little better than the UK this year with growth of 0.3%, but like most euro area countries is projected to suffer a shock next year with growth of just 0.8%. German GDP growth also declines from this year to next.

Italy and Spain will remain in recession next year, according to the IMF, placing a question mark over their ability to refinance their banks and generate sufficient goodwill from international lenders to prevent them from going bust. Fears that Spain and Italy will need a bailout from Brussels continue to weigh on global growth following the reluctance of Germany, Finland, Holland and Austria to sanction a fund capable of handling both countries.

Was the Petrol Price Rigged Too?

By Rowena Mason, Emma Rowley

July 16, 2012 "The Telegraph" -- Motorists may have been paying too much for their petrol because banks and other traders are likely to have tried to manipulate oil prices in the same way they rigged interest rates, an official report has warned.

Concerns are growing about the reliability of oil prices, after a report for the G20 found the market is wide open to “manipulation or distortion”.

Traders from banks, oil companies or hedge funds have an “incentive” to distort the market and are likely to try to report false prices, it said.

Politicians and fuel campaigners last night urged the Government to expand its inquiry into the Libor scandal to see whether oil prices have also been falsely pushed up.

They warned any efforts to rig the oil price would affect how much drivers pay at the pump, which soared to a record high of 137p per litre of unleaded earlier this year.

Robert Halfon, who led a group of 100 MPs calling for lower fuel prices, said the matter “needs to be looked at by the Bank of England urgently”.

“We need to know whether the oil price has been manipulated in a similar way to Libor,” the MP for Harlow said. “This impacts on millions of people all round the country concerned about the price of petrol at the pumps.”

Petrol retailers use oil price “benchmarks” to decide how much to pay for future supplies.

The rate is calculated by data companies based on submissions from firms which trade oil on a daily basis – such as banks, hedge funds and energy companies.

However, like Libor – the interest rate measure that Barclays was earlier this month found to have rigged – the market is unregulated and relies on the honesty of the firms to submit accurate data about all their trades.

This is one of the major concerns raised in the G20 report, published last month by the International Organisation of Securities Commissions (IOSCO).

In the study for global finance ministers, including George Osborne, the regulator warns that traders have opportunities to influence oil prices for their own profit.

It points out that the whole market is “voluntary”, meaning banks and energy companies can choose which trades to make public.

IOSCO says this “creates opportunity for a trader to submit a partial picture in order to influence the [price] to the trader’s advantage”.

In an earlier report, the regulator concluded: “It is open to companies to report only those deals that are in their own best interests for the rest of the market to see.”

The price reporting agencies, Platts and Argus, argue they employ journalists to weed out false data submitted by oil traders.

IOSCO says reporters are “well-aware that traders have an incentive to push the market one way or another and do not generally believe everything they are told”.

However it points out this system is heavily reliant on the “experience and training” of journalists to make a judgement about what the oil price should be.

Further alarm bells are being sounded by US regulators, who have already pointed out the rate-rigging scandal could spread to the oil market.

Scott O’Malia, a top official at the US Commodities Futures Commission, has drawn attention to the “striking similarity” between the potential for manipulating oil and Libor.

British regulators carrying out the Wheatley Review into the Libor scandal have this week signalled they will look into whether other markets were skewed.

Paul Tucker, the Bank of England’s deputy governor, told MPs that Barclays’ abuse of the Libor system may be only one part of the banks’ dishonesty over crucial financial information.

Politicians last night called on the Bank of England and the Government to take heed of IOSCO’S finding about the oil market to prevent another crisis of confidence in the banks.

Lord Oakeshott, the former Liberal Democrat Treasury spokesman, said the oil price system ought to be examined in the wake of the Libor scandal.

“Clearly it’s right we must shine a light on how other crucial benchmark prices are reported, especially when they affect the cost of living for millions of motorists,” he said.

Brian Madderson, chairman of the Petrol Retailers’ Association, also called for an investigation into the “alarming” conclusions of the G20 report.

“All the petrol retailers buy their products based on Platts prices,” he said. “If IOSCO thinks the price is open to manipulation it could well be and that would affect prices on the forecourts.”

Banks are also calling for reform of the oil price system, amid fears that it is open to abuse by a minority of traders.

Simon Lewis, chief executive of the Global Financial Markets Association, has raised concerns about the “opaque” way the oil price is worked out.

In a letter to IOSCO, he said price reporting agencies may not be as impartial as they claim, because they take fees from banks and oil companies to provide information.

“Incentives may arise to favour those who pay greater subscriber fees or provide greater access to market information,” he said.

Some experts, such as Raymond Learsy, a former commodities trader and author of Oil and Finance, have been warning for years that the oil market is open to corruption.

“Given how important Libor is, if that can be manipulated, then why can’t oil be manipulated?” he said. “The price lends itself to manipulation. The oil price is not a true reflection of supply and demand.”

The reporting agencies have hit back at claims their prices are open to distortion. In a joint statement, Platts and Argus said there are “fundamental differences” in the way Libor and oil prices are reported.

“Independent price reporting organisations are independent of and have no vested interest in the oil and energy markets,” they said. “Their ownership is transparent, and strict internal governance separates editorial and commercial functions. Independent price reporting organisations are not market participants, nor providers of transaction execution, clearing or settlement services.”

Platts added that there are four main differences between oil prices and Libor – the quality of its data, its independence, competition between reporting agencies and the transparency of its methodology.

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