Oil futures or any other commodity purchase that doesn't result in the buyer taking actual physical ownership of what they purchase is an obscene gambling market with perverse incentives yes correct.
Oil futures or any other commodity purchase that doesn't result in the buyer taking actual physical ownership of what they purchase is an obscene gambling market with perverse incentives yes correct.
How will commodity producers (oil companies, farmers) hedge their risk / stabilize their prices without speculators and their “perverse incentives”?
banana brains like OP will design a government that doesnt have natural price discovery and we will all end up driving Lada and with unstable prices and hunger
We will gather special people, very wise, and completely honest. They'll form a committee, and we will call it Gosplan, comrade!
by this logic investing in SAFEs is obscene gambling with perverse incentives and we should shut down the venture capital industry