Latest Breaking News

modrepub

(4,246 posts)

9. If There's A Bright Side To This

Wed Jun 24, 2026, 09:15 AM

16 hrs ago

It’s that Trump’s antics with his on again/off again war with Iran have run the oil speculators out of town. Without speculators being active in the oil futures market, futures prices are down and have been down for weeks on the order of $25 per barrel.

I loath Trump but he’s demonstrated that speculators are collectively pumping up oil prices to the detriment of all consumers. What market purpose is inflating commodity prices for short periods of time and distorting everything just for pure profit?!?

I truly hope Congress and Trump can put something in place to prohibit folks from driving up prices for their own profit. You shouldn’t be buying futures contracts unless you’re physically capable of taking delivery of the product. Otherwise you’re only in for mischief and causing misery and extra costs to clean up after you.

Edit history

Please sign in to view edit histories.

Recommendations

2 members have recommended this reply (displayed in chronological order):

PatSeg dweller

22 replies

= new reply since forum marked as read

Highlight:

Trump Calls for Probe Into Gasoline Price 'Gouging' [View all] BumRushDaShow 17 hrs ago OP

Oh my sides!!! 50 Shades Of Blue 17 hrs ago #1

Oil companies: " Or what, Donald?" johnnyfins 16 hrs ago #2

Must finally be reading the writing on the wall. Raven123 16 hrs ago #3

meh dweller 16 hrs ago #4

More Grift-Coin purchases nt wolfie001 15 hrs ago #17

Rump thinks "Summer Blends" is a song by Seals and Crofts. Chipper Chat 16 hrs ago #5

This reporting is a joke right............... turbinetree 16 hrs ago #6

Like Captain Renault in Casablanca, Trump said: "I'm shocked, shocked to find that gas price gouging is going on!" sop 16 hrs ago #7

After all you've done for them, gab13by13 16 hrs ago #8

If There's A Bright Side To This modrepub 16 hrs ago #9

Good point PatSeg 15 hrs ago #14

Which Is Why modrepub 14 hrs ago #18

Sadly that's very true PatSeg 12 hrs ago #19

Cute. He created the mess in the first place and as usual, desires to come out as the hero of the public. Firestorm49 16 hrs ago #10

Fat Hitler didn't care about the massive gouging going on when Biden was Pres Bengus81 16 hrs ago #11

How about meat, vegetables, cereal, bread, electricity, natural gas, insurance, taxes, internet Cheezoholic 16 hrs ago #12

Isn't this the guy who basically said something along the lines mwmisses4289 16 hrs ago #13

Put chain link fence around the gas pumps. Tha'll fix it. twodogsbarking 15 hrs ago #15

It's almost as though we're at war with Iran, and the Strait has been restricted! sakabatou 15 hrs ago #16

Funny, when Biden was President they wouldn't look at the price gouging despite record profits of the oil companies. ChicagoTeamster 12 hrs ago #20

But he said affordability was a fraud. miyazaki 12 hrs ago #21

What an absolute moron. So now he is KPN 11 hrs ago #22