The US government and aligned entities spent weeks shorting oil to keep it below the psychologically significant $100 mark. It would continually bounce up against $100, the shorts would fly in, and it would go back down again. Funny how that was such a magic arbitrary ceiling for so long.Conveniently, when this fiction was no longer possible to maintain and the bill would come due, Trump does the TACO to end all TACOs and they get the opportunity to clear their books.Watch as the price spends the next 2 weeks bopping off of the $100 ceiling. When it breaks through, doesn't come back down, and it eventually emerges the US Treasury has lost 200 billion dollars gaming the market what will the reaction be?Let me start by suggesting nobody will ever do any commodities trading in the US ever again, the markets will just move abroad. Just another aspect of American credibility and power burned through by Trump for on the slightest of short term benefit just to himself.
>>532802383Yeah, he's writing option chains on gets and puts. Shortages aren't prices in remotely while they're playing in the fog of war. We're going to start seeing it in about 20 countries today. End of next week my flag will start to notice
Enjoy the last of the summer wine. Smokem if you got em
>>532802731Spot prices seem still totally detached from the paper market. How can this keep up?
>>532804412How? With kabbalisitc jewish financial wizardy. Once the source of power dies, it's OVER.
>>532802383Every time there's one of those big crashes, I think it's Bessent shorting oil. He's got quite a lot of shorts accumulated by now. What happens when oil goes to $200 when the real shortage shows up at the ports?
>>532802383The uncertainty has exploded gas prices across the US. Whatever they're doing, it isn't working. People don't watch Brent Crude prices, they look at their local gas prices, and those are the highest in years
