You’re missing my point - Southwest Airlines actually needs oil. It uses oil. It employs oil in a productive pursuit, namely as jet fuel. I’m talking about some trust fund daytrading douchebag who is simply speculating, and the only oil he knows is what he puts in his hair. We don’t gain anything by these fools interfering in this kind of commerce - they add nothing. They do not restore equilibrium prices, they exacerbate the imbalances. They don’t want stability, they want instability, because it’s when you’re off of equilibrium that you make the big profits. The bigger the differential, the bigger the profit. They have an interest in gaming the system, in disseminating misinformation, in creating panics, shortages, and gluts. Why? So they can be rich for the sake of being rich? That period of business is over. It’s time to get back to the basics - provide a service or product for a profit. Let’s be real businessmen, not pushers of vapor and phantoms.
They do not use oil. They do not take delivery of the oil they buy futures on. They buy oil futures "all in the name of lining their pockets".
I’m talking about some trust fund daytrading douchebag who is simply speculating
You mean buying low and selling high? Selling high and buying low?
The bigger the differential, the bigger the profit.
Speculators always profit?
They have an interest in gaming the system, in disseminating misinformation, in creating panics, shortages, and gluts.
We didn't have any of those before futures were traded on oil.
It’s time to get back to the basics - provide a service or product for a profit.
Those pesky people using their freedom to buy and sell.....in America! The nerve.