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Mystery jump in oil trading ahead of Trump post draws scrutiny

bbc.com

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Re: Mystery jump in oil trading ahead of Trump post draws scrutiny

#11

Post by mothballed »

PxldLtd wrote: post #8
sega_sai wrote: post #4

At this point, I would rather these people enrich themselves as long as they stop the war, but I am afraid they will continue doing both.

That's the neat part, they get richer whether the war is happening or not. Some get way richer when there's a war on.

The US ended most of their subsidies to Ukraine last year. Historically the defense-industrial complex is eager to stir something else up as soon as one money source gets cut off.

After Afghanistan it went to Ukraine, and after Ukraine it has to be something else. This is the unstoppable flow of the defense industry moving to a new outlet.

Re: Mystery jump in oil trading ahead of Trump post draws scrutiny

#12

Post by mothballed »

readitalready wrote: post #3

It's why WTI crude never exceeds $100/barrel. Every time it gets that high the insider in the administration shorts it and the administration announces a new policy delaying more strikes.

You don't even need to trade oil, trading gulf country assets also works well. And rebuilding the gulf should be quite profitable if Iran blows it up and the assets will be available cheap.

Re: Mystery jump in oil trading ahead of Trump post draws scrutiny

#16

Post by cmrdporcupine »

NikxDa wrote: post #10

[flagged]

When the foxes are running the hen houses, this is what you expect.

Worse is there has emerged a dominant ideology and ruling party which enshrines this as morality and the law of the land. Rule of the strong, and the weak must submit.

(To be clear, the foxes have always been running the hen house, they just usually at least tried to be discrete about it. Now they don't care.)

Have you tried just becoming strong and connected? Try harder. (/s)

Re: Mystery jump in oil trading ahead of Trump post draws scrutiny

#18

Post by LogicFailsMe »

iAMkenough wrote: post #14
NikxDa wrote: post #10

[flagged]

Yeah, you're right. Guess we shouldn't talk about what's happening now or do anything to address it.

Or just legalize it across the board recognizing that when only the powerful can make use of it. and we're not going to do anything about the powerful, we might as well let everyone else in on the game.

That is truly my cynical mindset at this point. The degree to which my trading is regulated is beyond absurd in a market and society where things like this are allowed to happen.

Re: Mystery jump in oil trading ahead of Trump post draws scrutiny

#19

Post by heyitsmedotjayb »

I'm not smart enough to understand why - but surely this isn't sustainable? At some point wont the price not reflect the reality of simply not having gas to put in your car? What is going on... The price of oil went down 10% yesterday, opened +0% today and is back to +4%...
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