https://x.com/KobeissiLetter/status/2032311438937579896
It means Kobeissi is long oil and is betting against America. You'd have to be fucking retarded to take their advice, much less pay for it.
the jews are freaking out bc their cringe games with made up rules are coming to an end
they've been interfering in the PM market for decades now via deriviatives and nothing bad has happened except some chuds are poorer than they should be
>>61977810America already is interfering in oil futures and has been for years and years lmfao
>>61977810Bessent, listen upUS INTERVENTION IN OIL FUTURES WOULD BE ‘BIBLICAL DISASTER’, CME WARNSWhy would U.S. intervention in oil futures be a “biblical disaster”?Because oil futures aren’t just a casino for traders.They are the pricing engine for the global energy system. Airlines use it to lock fuel costs. Shipping companies hedge diesel. Refiners hedge crude. Oil producers hedge future production.If governments start forcing prices or restricting trades, trust in the market breaks. Once trust breaks, liquidity disappears and real buyers and sellers stop using that market to set prices. Then oil pricing moves to private deals, foreign exchanges, or opaque markets. When the world loses a transparent price for energy, volatility explodes and the entire supply chain becomes unstable. That’s why interfering in oil futures isn’t just market intervention, it risks breaking the system that prices energy for the world...but thats one thing they're good at - manipulating markets.
>>61977843So they're shorting the market massively to keep the prices down and they could be liquidated if the oil prices go up due to the war?
>>61977856they can print an infinite supply of oil they can't be liquidated
>>61977826I’m not betting against America by wanting to make a few thousand bucks off of some USO calls. This will all blow over before anyone knows it but until then I’m making money.
>>61977810Go iran, go!
>>61977810it means uh oh big oopsie
>>61977810So it’s confirmed they’re shorting oil, got it. Let’s squeeze.
>>61977810hehe! shamone!
>>61977843souka
>>61977810Can someone explain this like i'm 5?
>>61978115There is a retarded scammer shill on biz who is long oil, doesnt know how shorting works, and refuses to buy an adThat about sums it up
>>61978115Keep dealing in the real world!
>>61978115The CME is warning that if the US continues to short oil futures (borrow and sell contract to buy oil, which drives down the price) and artificially deflate the price of oil, real traders will lose faith in it and stop using the exchange. They need it to be a reliable representation of a commodity’s price.
>>61977843it's worse than that.what you are talking about is true for silver, a metal that is valuable because of its scarcity and utility (and secondarily because of monetary association)But OIL is radically different for a small difference. It's monetary qualities are primary to its identity. It's called the PETRODOLLAR.If a central power intervenes in the market that means the central power is deciding who gets the scarce resource. Even if the supply chain remains at 100% the moment when the dollar stops being exchangeable for oil, everything breaks. Why buy treasuries (finance US debt spending) when those treasuries cant turn into oil?t. this is bullish for physical silver, physical livestock, and cold wallet chainlink,
>>61978287Errrr no, oil’s price is absolutely secondary to its function. The petrodollar is not shorthand for oil, it’s shorthand for the arrangement set up by the US in the 1970’s in which most purchases of oil would be done using the US dollar. The petrodollar is important because it allows the offshoring of inflation, which strengthens the dollar or at least maintains its stability, and because that money pours into US bonds (also part of the petrodollar arrangement). The resource isn’t scarce in the geological sense of the term. If oil had to be sourced elsewhere in the event of a massive permanent shutdown of Hormuz, it would be. The dollar will always be exchangeable for oil lol. These doomsday predictions that are bullish for *insert item that you hold* should at least make sense.
>>61978339Oil could theoretically sourced elsewhere but the infrastructure doesn't exist to do so.Hence regardless, there's a massive supply disrutpion.
>>61978346I agree. There will be a huge disruption. I’m just pointing out that oil’s value isn’t derived primarily from its price on the market, it isn’t scarce in the longterm, and the petrodollar isn’t what he thinks it is. The notion that, for some convoluted reason, the dollar will not longer be exchangeable for oil is just bizarre, even for a doomsday scenario.
>>61977810It means they're trying to give O&G the silver and gold treatment via the futures derivatives market but there are issues because the global economy requires a constant, exorbitant amount of O&G to function. This means nobody cares about paper promises for a future supply, they need it physically right the fuck now.
>>61977810How are trump cultists coping with the orange rapeape going from america first to saying we need to subsidize the world's oil in less than a week into a disastrous war by the "peace" president?
