Who Really Benefits from Energy Market Manipulation?


Join Lynette Zang, Chief Market Analyst at ITM Trading, as she delves into the unsettling reality of how traders are controlling energy prices and affecting your financial security.


0:00 Mantra Monday
0:50 Energy Market Crisis
2:45 Vitol Power Profits
5:35 UK Power Traders



If you think that the world is headed in a direction that makes you a bit concerned for the future and you’d like to be as self-sufficient and independent as possible, then you’ve come to the right place. My name is Lynette Zang. Now it’s time to go Beyond Gold and Silver.

I’m Lynette Zang, Chief Market Analyst at ITM Trading and a very, very grateful prepper. And you know, we’ve talked, welcome to Mantra Monday, but we’ve talked a lot between here and ITM Trading’s YouTube channel about how traders are controlling the prices that we’re all paying for things, right? And so what came up, hmm, is a perfect example of that.

We’re gonna start with Vitol urged UK government to intervene in energy market crisis. Oh my gosh. I mean this is such a huge company. This is over in the UK but I’m saying this is an example for all of us, to be honest with you. But they could meet with those top officials as markets dried up? What does that mean? Wow. But keep in mind we’re gonna get into that. But keep in mind that governments across Europe provided aid at peak of crisis. The other thing I want you to remember is that when a government spends money, they’re spending your tax dollars. Hardy argued that wholesale energy markets are not currently functioning in the ordinary efficient manner. Prevailing prices may not, might not fairly reflect the underlying reality of supply and demand. Now who do you think convoluted all of that? It’s Wall Street. Every single asset, physical asset as well as intangible asset doesn’t matter. But everything has been turned into a trading vehicle and that’s who’s guiding our, our prices, trades and power and gas markets were drying up because available funds. So that’s the money to grease the wheels were locked up as collateral to protect against soaring prices. Banks, corporations, they don’t like to hold collateral. They like to monetize it. They like to leverage it because that’s how they make more money at your cost.

In fact, wow, last year they saw profits rise 2600%. Now part of me wonders if that had anything to do with the inflation rate that the average Britain was dealing with, right? And the average American too. This isn’t in your face. We typically don’t want things to to be in your face that they don’t want us to know about. They’d rather hide it. But VPI made $566 million last year. That’s up from $21 million. I think they kept pace with inflation and they caused a bunch of it. But trade, how did they do that? Let’s see, traders tactics, which the companies have said were within the rules involved, indicating to the grid operator that the plants would turn off when supply was tight. Okay? So your blackouts, brownouts, I hope you’re prepared, but only to demand record prices in a separate backup market not to switch off. And this was legal. Can I bring you back to 2008 when what happened was disgusting, vile, destroyed a lot of people’s lives, but no one went to jail because it was legal.

So, you know, you and I don’t read that little itty bitty fine print. We don’t know really what the contract says, what the rules are until it’s too late. That’s when we know. In the past five years, the tactics by Vitol and other operators, other operators, they’re all doing this, racked up a tab of at least 525 million pounds. So they made 566 the year before they made 21, but now they racked up a tab of 525 pounds, huh? Out of the pockets of the public, out of the pockets of the public and taxpayers because governments stepped in. But don’t worry, because now that all that damage has been done, the regulator is clamping down on these controversial trading tactics. When did they become controversial? When <laugh>, when their profit went up? 2600%. Right?

So now UK power traders will be banned from charging excessive prices. Do you believe that? We’ll see, we’ll see. Let’s see. It targets a, I’m going back here a little bit. Okay? They target off on tactic that added that 525 million to the bills. And the plan comes after energy crisis hiked British consumers cost. Do you think that plan hiked their cost? Do you think that went into, by the way, inflation And do you think it’s only them? Think again, everything. I don’t care what it is. It’s food, it’s water, it’s energy, it’s security, it’s absolutely everything physical has been turned into a trading tool. ’cause That’s who matters the most. Not you and I that go out and bust our butts and, and keep a roof over our heads and take care of our families. No, no, no, no, no. It’s those traitors, they are far more important than you and I. So they’re targeting the off on tactic. Great. In other words, I’m gonna shut this off, but here’s this I’m gonna leave on. I’m just gonna charge you a whole lot more. That’s what they’re talking about. That off on tactic and plan comes after energy crisis, hike British consumers costs the regulator now plans to ban traders from offering excessive prices in the backup market.

Geez. You know, I mean, I gotta say that this really seems like shades of Enron to me because that’s what Enron was doing, was manipulating the energy prices by switching it off over here and then going be so look, do really think that this is gonna be over and that they’re not going to manipulate things for traders’ benefits? Heck no. Did they not learn anything from Enron? And when was that? That was in the early two thousands. So I don’t even know if some of the people watching even go Enron. What’s Enron? Search it. Do a search and you’ll see it was one of the biggest bankruptcies. One of the biggest scandals. And here clearly they’re using the same tactics. So now by saying that that’s gonna change, do I really think it’s gonna change? No. But what I do think is that it was discovered, this tactic was discovered and people went up in arms and now they gotta address it. Poor them, poor them. And you know, I’m being facetious.

This is known as the balancing mechanism. Who does it balance? Not you or me? During periods in which they already said they plan, they didn’t plan to generate. No, the whole thing was a plan. And it was a plan for them to make more money. Do you remember during 2008, do you remember Goldman Sachs in particular calling their clients their traders, calling their clients Muppets, and where their clients lost a trillion dollars. Guess what? Goldman Sachs made a trillion dollars. Is this not the same thing they made 566 million. But it costs tax, it costs the consumer and taxpayers because if the government went into subsidize, that’s taxpayer money. $525 million, And what would, how much did they make last year? $21 million. You do the math, it’s pretty darn close. And until next we meet. Just remember, we are all in this together. Bye-Bye.


Commodity Giant Vitol Urged UK Government to Intervene in Energy Market Crisis – Bloomberg

Vitol’s Power Unit VPI Saw 2,600% Profit Rise Last Year – Bloomberg

UK Energy Prices: Power Traders Will Be Banned From Charging Excessively – Bloomberg


  • Lynette’s mission is to translate financial noise into understandable language and enable educated, independent choices. All her work is fact and evidence based and she shares these tools openly. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community to survive and thrive through any financial crisis.

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