Grand Theft Oil Futures: Insider traders keep making a killing at our expense

Post by bigtex88 » Thu, May 07, 2026, 3:03 PM UTC

cbdevidal wrote: post #108

hrldcpr wrote: post #62

Earlier quoted context omitted.

Arguably people who voted for Trump are somewhat responsible, and include a lot of car drivers. (Not to imply that many Democrat politicians aren't also owned by AIPAC and big business.)

I didn’t vote for Trump but I don’t blame the voters. I don’t think many people foresaw him doing this on either side of the political aisle. Other stuff we disapprove of, yes. But not this. I say that because he had famously resisted to enter extended conflict in his first term. Maybe he wanted to but now has the chance since he’s in his final years. (At least, I hope it’s his final years.) But I didn’t hear anyone…

Post by pjc50 » Thu, May 07, 2026, 3:04 PM UTC

an0malous wrote: post #152

vkou wrote: post #54

Earlier quoted context omitted.

The war must continue in order to bring us to the status quo that was in place before we started the war. I hope that everyone responsible for this is enjoying every cent of what they get to pay at the pumps.

A lot of Trump supporters, including Tucker Carlson, Joe Rogan, and Dave Smith, voted for him because of his anti-war stance during campaigning. I’m not defending their poor judgement of an infamous con artist (I didn’t vote for Trump) but we should ask ourselves how democracy can function if candidates can just make things up during campaigns and do the complete opposite when they’re elected. We should also ask ours…

Post by SoftTalker » Thu, May 07, 2026, 3:06 PM UTC

otterley wrote: post #182

SoftTalker wrote: post #106

If you are trading in the futures market and you don't have inside info or are not an actual supplier of the commodity, you are the sucker.

That logic would also extend to individual stocks, wouldn’t it?

Post by this_was_posted » Thu, May 07, 2026, 3:09 PM UTC

jstanley wrote: post #162

smallmancontrov wrote: post #98

Earlier quoted context omitted.

It's a tax. I don't know if you specifically are one of the "taxation is theft" types, but it's absolutely wild how many of these are totally cool with the tax if it's funding insider trading payouts but not if it's paying for poor person healthcare or whatever.

In the absence of the insider trader selling you oil futures on the basis of his insider knowledge, what would you do? You'd buy oil futures at broadly the same price from someone else (maybe a worse price! Because the presence of the insider selling is already driving the price down). So how exactly do you lose? The only people who lose out are those whose limit orders don't get filled because the insider outbid the…

Post by declan_roberts » Thu, May 07, 2026, 3:11 PM UTC