Oil Trade Scam
Do you know what the most commonly traded commodity in the world is? We all know that it’s oil, but did you know that there’s a huge scam going on where this commodity is not only being exchanged, but also manipulated? It’s time to put an end to the oil trade scam. Here are five ways to help you do just that.
Oil trade scam
Oil is one of the most commonly traded commodities in the world. Every day, on average, over 20 million barrels of oil are exchanged through these markets.
This has led to a huge scam going on where this commodity is being not only exchanged, but also manipulated. Oil prices are constantly being manipulated for two primary reasons: taking advantage of futures trading and creating artificial scarcity.
Here are five ways you can help put an end to oil trade scams and bring back transparency to oil pricing:
1) Don’t buy into futures trading.
2) Join organizations that advocate for fair oil prices.
3) Educate your friends and family about what is really going on with oil.
4) Help spread awareness about the manipulation of oil prices with different social media outlets like Twitter or Facebook.
How much is the oil trade worth?
According to the United States Bureau of Economic Analysis, the global oil trade is worth approximately $6.8 trillion dollars per year.
When you think about how much money is being exchanged on a daily basis, it’s easy to see why the oil trade has become so vast. Oil has been traded as a commodity for centuries and it still continues to be one of the most traded commodities in the world.
There are five ways that we can help make sure that this entire oil trading scam ends:
1) Disrupt the trade
2) Make OPEC less powerful
3) Stop all illegal activities in oil trading
4) Lower price volatility of crude oil
5) Reduce demand for crude oil
How does the oil trade work?
The oil trade scam is a global scheme that involves millions of dollars every day. Before you cut yourself off from the oil industry, you should know what it’s all about.
The first way to combat the oil trade is to avoid using it as a commodity. You may have thought that buying oil was like buying any other product on the market, but it’s not. When you buy oil, the price goes up significantly and in turn, so does the profit for those who sell it. This puts an unfair advantage over those who are trying to use oil for their home or business purposes.
The next thing you can do is cut out petroleum products from your life completely. If your car needs gas, find a way around it or purchase an electric car with no gas tank! For those who are still driving cars and want to keep them running well- this is also something you can consider doing!
If you make a point of avoiding petroleum products in your life, then there won’t be any left for people to manipulate at the end of the day. The demand will decrease and in turn, supply will go down too.
How can you get involved in stopping the scam?
There are a few ways that you can get involved and stop the oil trade scam.
One method is to become an environmental activist. The more people who speak out about the dangers of oil, the more people will be on your side in stopping it. You could also start by educating yourself on what’s going on with the oil trade scam via social media and reading materials online. The easiest way to spread your message is to share news articles and graphics that others have created.
Another option is to contact your state representative’s office and ask them how they’re working on ending the oil trade scam. Tell them you want to help and ask what you can do to help in the effort.