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Mystery jump in oil trading ahead of Trump post draws scrutiny

bbc.com

31–40 of 419 posts

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

#31

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.

Much above $80 and shale oil becomes highly profitable. So swing producers like the US act as a soft ceiling.

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

#33
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.

Why would we settle for anything less than discontinuing both?

Because you never really had any choice so you'll settle with the only hand you were dealt. Thanks for playing

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

#34

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?

Zero when the president has the power to issue blanket pardons to his family and inner circle. Hell, he might even extend it fully to ICE. There's precedent too since the previous president pardoned his son for all crimes committed over a period of time.

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

#35

Earlier quoted context omitted.

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.

How exactly would someone with no special access, knowledge or power get in on the game? Legalizing it across the board would just make things worse.

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

#37

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?

Sure, we should ban all insider trading of any kind; including people in congress which have done this repeatedly without any consequences.
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