Why Does Oil Fluctuate Just On The Whims And Wishes Of Trump?

Whitewavemark2

MaizieD

Problem is, though, that whenever anyone proposes to do something about the accumulation or accumulating of excessive wealth, with its impoverishing effect on everyone else, there is a rush to defend the wealthy on the grounds that we need the crumbs they leave us...

Yes, this accumulation is as far as I can see inevitable. What the final outcome will be is anyone’s guess.

It’s only inevitable if no-one has the courage to check them. Better progressive taxation and tighter market regulation could do a lot to reduce accumulation.

Also, ignoring their threats of leaving the country and the introduction of capital controls might do some work 🤔

The alternative could be a bloody revolution (see 18th C France and early 20th C Russia) There certainly seems to be a considerable number of deprived people around who wouldn’t mind a bit of violence… 🫢

mae13

As of this morning (30/04/2026) oil has jumped to $125 a barrel because the White House says the Iran blockade, by America, may last for months.

But by this time tomorrow there will probably be a diktat from HRH Donald saying the opposite. And the stock markets will be on the move again.

Who gives him this unstoppable power?

In his first term Trump was restrained to a certain extent by advisors. This time he’s surrounded himself with yes men and sycophants. He has used his dictatorial powers to override the judiciary, bypass Congress, and waged a campaign of intimidation against anyone or any institution that opposes or displeases him. The only hope is that the Republicans suffer badly in the mid-terms although Trump is already making moves to get voting boundaries altered in his favour.

I don’t think that mitigation against accumulation will happen though.

I think there is a huge chance of inevitability about it, because capital is growing faster than economic growth, with the tax system continuing to favour capital over income from labour, assets continue to generate more than income from labour, yes I can see violence erupting if the consequences are too bad for 90% of the population.

Not within our lifetime though.