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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

#221

Post by KK7NIL »

lepset wrote: post #154
Bratmon wrote: post #148

Earlier quoted context omitted.

So are you asserting that Nancy Pelosi wasn't insider trading when her party was in power?

Yes I am asserting that, there is no proven evidence she was. Congressional stock trading is legal.

There's no "proven evidence" (whatever that means) that people in the Trump administration are insider trading either, yet we can see some very suspicious ripples in the market.

Pelosi was even more obvious as we know all of her trades, their timing and her outrageous outperformance during that period.

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

#222

Post by tastyfreeze »

0xffff2 wrote: post #86
stackghost wrote: post #56

Earlier quoted context omitted.

>We need a new governance framework in the US. And what does that new framework look like to you?

Not GP, but I think there are a few things that could be done either through a complete re-write of the constitution or through amendments if that process somehow becomes tenable again. 1. Massively increase the size of congress. Modern technology makes this feasible in a way that it wasn't when the size was capped. More congress critters means it's harder to buy off a majority of them. 2. Re-write the first amendmen…

I agree with 1. 2 is more of a reform of current law rather than an amendment. I would like to see the 17th amendment repealed also. Capping representatives greatly skewed the distribution of power in congress. The balance of congressional power was harmed equally by making senators popularly elected instead of appointed by state legislatures to represent the state government.

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

#223

Post by tmountain »

Bratmon wrote: post #148
lepset wrote: post #116

Earlier quoted context omitted.

People just don't like the "both sides are the same" clownery anymore. It's not true and will never be true.

So are you asserting that Nancy Pelosi wasn't insider trading when her party was in power?

You’re complaining about the buffet while the titanic is going down.

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

#224

Post by kulahan »

aftbit wrote: post #198
mikewarot wrote: post #193

I'm not sure if this is parody or not, but someone admitted to it. These days it wouldn't surprise me if it were this brazen. https://x.com/gothburz/status/2036413487530831899

That reads like it was generated by Claude. Seems like parody but I dunno.

Yeah, the entire thing strikes me as AI-generated. Something about the cadence of the text makes it clear for me?

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

#225

Post by throwaway5752 »

themafia wrote: post #181
mothballed wrote: post #12

Earlier quoted context omitted.

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.

> And rebuilding the gulf should be quite profitable Wait. I've heard this story before. Let's ask any of the recently "liberated" countries how that worked out for them...

Actually, you can just look in Iraq, and CNOOC, PetroChina, and Zhongman. Companies will benefit, just not American ones.

And the US will clearly have failed to protect allies and project force in the Gulf. If the bulk of OPEC moves to a basket currency trade to ally more with PRC, India, and Russia that will be an astonishing failure.

I wouldn't have thought even Trump and this Republican administration was incompetent enough to break the petrodollar, but here we are, just one year in.

Also, don't look at fracking production curves. Bakken and Eagle Ford are foreshadowing the Permian.

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

#226

Post by quink »

tmountain wrote: post #208
quink wrote: post #47

Earlier quoted context omitted.

lol, others are saying elections to solve economic concerns. If that solves it why do you keep re-electing Republicans given this context: https://en.wikipedia.org/wiki/U.S._economic_performance_by_p... sure the next election might fix it temporarily but the one after that will just just tank the economy again. Or overturn insider trading bans or issue pardons, the possibilities for chaos are endless and — fun fact -…

Why do we? You say this as if the country is a single organism and in lock step with the current administration. I have never voted for a republican in my life and never will, but now, somehow, all 350 million Americans just fit into one big bucket?

Because at this point all the people in all the other countries do not care who you voted for, especially not after he caused an insurrection and a Democratic Party administration didn't do anything to prosecute that. At this point all the people outside the US just want to know what you're going to be doing about this insanity.

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

#227

Post by slg »

mikewarot wrote: post #193

I'm not sure if this is parody or not, but someone admitted to it. These days it wouldn't surprise me if it were this brazen. https://x.com/gothburz/status/2036413487530831899

Poe’s Law meets The Big Short’s convergence of confessing and bragging[1]. It adds up to being completely opaque in terms of veracity and intent, but either way it highlights the real problem at the center of this story.

[1] - https://youtube.com/watch?v=Ut4C64FKfqc

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

#228

Post by AftHurrahWinch »

embedding-shape wrote: post #74
bushbaba wrote: post #63

Earlier quoted context omitted.

That assumes the new system will be better. History tells us otherwise

Well, local history in the US, judged by most current Americans, would probably say the current system is better than the previous one, and the current one spawned from a revolution. Maybe the second (third?) time it'll incrementally improve at least.

The Revolution allowed a new system to be built, but it is a teleological fallacy to point to the current system as the result. Centuries of trial, error, and institutional hardening led to the system current Americans would judge.

The first post-revolution organizational system of the US, described in the Articles of Confederation, is very different than the difficult and contingent pivot to a federal system. Almost a million US citizens died in the transition.

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

#230

Post by FireBeyond »

bluegatty wrote: post #70
fraywing wrote: post #17

I'm growing pessimistic that this kind of activity + the egregious presidential-level crypto scams will never see justice. What's the path for that, really?

Congressional hearings combined with SEC regulatory incursions. There will never be an investigation while Trump is president, but, it's entirely feasible to force some action in the time being to enable a case later. FYI it may not be technically illegal it depends on all sorts of things. If trade were made public it could be very damaging.

> There will never be an investigation while Trump is president, but, it's entirely feasible to force some action in the time being to enable a case later.

And realistically we don't want that. Similar with Kristi Noem, Pam Bondi, better to sit on things until Trump is out of office, so there can be no pardon.

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