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Web Extra: BP Lawsuits Change Oil Trade?

Should the lawsuits filed by the Justice Department against BP and eight other companies change the way you trade energy?

According to published reports, the governemnt seeks to recoup costs and impose additional penalties to the tune of up to $20 billion.

How should you position? Find out in this web extra. Watch the video now!



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Trader disclosure: On December 15, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL), (BAC), (F), (GE); Pete Najarian owns (DD) calls; Pete Najarian owns (DRYS); Pete Najarian owns (YHOO); Pete Najarian owns (BBY) calls; Pete Najarian owns (C); Pete Najarian owns (F) bonds; Pete Najarian owns (GE); Pete Najarian owns (LOW) calls; Pete Najarian owns (MSFT) call spreads; Pete Najarian owns (MS); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman Owns (AAPL); Finerman Owns (BAC); Finerman Owns (GOOG); Finerman's firm owns (JPM) and (JPM) leaps; Finerman owns (JPM); Finerman owns (MSFT); Finerman's firm owns (MSFT); Jon Najarian owns (CSCO), is short (CSCO) calls; Jon Najarian is short (V) puts

For Anthony Scaramucci
Scaramucci and Skybridge owns (ENZN)

For Mike Khouw
Cantor Fitzgerald & Co. Is A Market Maker In (AAPL)
Cantor Fitzgerald & Co. Is A Market Maker In (AMZN)
Cantor Fitzgerald & Co. Is A Market Maker In (APOL)
Cantor Fitzgerald & Co. Is A Market Maker In (ACI)
Cantor Fitzgerald & Co. Is A Market Maker In (BBT)
Cantor Fitzgerald & Co. Is A Market Maker In (BAC)
Cantor Fitzgerald & Co. Is A Market Maker In (BSFT)
Cantor Fitzgerald & Co. Is A Market Maker In (C)
Cantor Fitzgerald & Co. Is A Market Maker In (CML)
Cantor Fitzgerald & Co. Is A Market Maker In (CSCO)
Cantor Fitzgerald & Co. Is A Market Maker In (DAL)
Cantor Fitzgerald & Co. Is A Market Maker In (DELL)
Cantor Fitzgerald & Co. Is A Market Maker In (DYN)
Cantor Fitzgerald & Co. Is A Market Maker In (EBAY)
Cantor Fitzgerald & Co. Is A Market Maker In (ENZN)
Cantor Fitzgerald & Co. Is A Market Maker In (F)
Cantor Fitzgerald & Co. Is A Market Maker In (FCX)
Cantor Fitzgerald & Co. Is A Market Maker In (GE)
Cantor Fitzgerald & Co. Is A Market Maker In (GS)
Cantor Fitzgerald & Co. Is A Market Maker In (GLW)
Cantor Fitzgerald & Co. Is A Market Maker In (GOOG)
Cantor Fitzgerald & Co. Is A Market Maker In (HSFT)
Cantor Fitzgerald & Co. Is A Market Maker In (HBAN)
Cantor Fitzgerald & Co. Is A Market Maker In (IWM)
Cantor Fitzgerald & Co. Is A Market Maker In (JOYG)
Cantor Fitzgerald & Co. Is A Market Maker In (JPM)
Cantor Fitzgerald & Co. Is A Market Maker In (LGF)
Cantor Fitzgerald & Co. Is A Market Maker In (MCP)
Cantor Fitzgerald & Co. Is A Market Maker In (MSFT)
Cantor Fitzgerald & Co. Is A Market Maker In (MS)
Cantor Fitzgerald & Co. Is A Market Maker In (NFLX)
Cantor Fitzgerald & Co. Is A Market Maker In (OPEN)
Cantor Fitzgerald & Co. Is A Market Maker In (ORCL)
Cantor Fitzgerald & Co. Is A Market Maker In (RIMM)
Cantor Fitzgerald & Co. Is A Market Maker In (SPY)
Cantor Fitzgerald & Co. Is A Market Maker In (SLV)
Cantor Fitzgerald & Co. Is A Market Maker In (T)
Cantor Fitzgerald & Co. Is A Market Maker In (PAY)
Cantor Fitzgerald & Co. Is A Market Maker In (WFC)
Cantor Fitzgerald & Co. Is A Market Maker In (XLF)
Cantor Fitzgerald & Co. Is A Market Maker In (YHOO)

For Brian Kelly
Accounts Manged By Kanundrum Capital Own (ANDE)
Accounts Manged By Kanundrum Capital Own (DE)
Accounts Manged By Kanundrum Capital Own (GLD)
Accounts Manged By Kanundrum Capital Own (HPQ)
Accounts Manged By Kanundrum Capital Own (JJC)
Accounts Manged By Kanundrum Capital Own (JJG)
Accounts Manged By Kanundrum Capital Own (MON)
Accounts Manged By Kanundrum Capital Own (RDC)
Accounts Manged By Kanundrum Capital Own (TBT)
Accounts Manged By Kanundrum Capital Own (WMT)
Accounts Manged By Kanundrum Capital Own USD
Accounts Manged By Kanundrum Capital Own (FXY) puts

For Dan Niles
Niles And Alpha One Capital Partners Own (PAY)
Niles And Alpha One Capital Partners Own (ORCL)
Niles And Alpha One Capital Partners Own (EBAY)
Niles And Alpha One Capital Partners Own (AAPL)
Niles And Alpha One Capital Partners Own (NXPI)

For Peter Schiff
Peter Schiff and Euro Pacific Capital are Long Gold
Peter Schiff and Euro Pacific Capital are short Treasuries
Peter Schiff is long the Swiss Franc

For Colin Gillis
Gillis has no disclosures on (RIMM)

Fast Fire SOT
Accounts Managed by Kanundrum Capital have no disclosures on (BBY)

Dennis Gartman SOT
Funds Managed By Dennis Gartman were short the Euro on 11/29

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