CounterPunch Exclusives

CounterPunch Exclusives

The Trump Corruption Tax on the Oil Industry

Photograph Source: The White House – Public Domain

Since Trump began his war on Iran, there have been a number of occasions where the price of oil futures tumbles just before Trump issues one of his “peace is at hand” proclamations on Truth Social. These drops have been driven by very large trades, in the hundreds of millions of dollars.

There are two possibilities here. One is that a major trader in the futures market has a sixth sense that tells them when peace is in the air. The other possibility is that someone in Donald Trump’s inner circle is making some big bucks on their inside knowledge.

Not being a believer in the supernatural, I go with option #2. While it’s clear that someone in Trump’s family or circle of friends is the big winner, the question is who is the loser? Krugman raised this in his post, but I think it’s worth taking his discussion a step further.

He makes a reference to Polymarket, but then says that futures are about insurance,........

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