Anyway all he is doing is trying to make a profit out of honest people's misfourtune while having a laugh at us all.
Although distasteful to some, what is the difference of these bets and the widespread practice of 'shorting' stocks and currencies, often amounts in the bazillions. Now that
really can cause a commodity to tank. It wouldn't suprise me if some of the red-ink at the moment is caused by such shorting or betting.
I suppose it's human nature to do things like this as a coping mechanism for fear and let's be frank (or bob or malcolm) here, if things do keep going bad there will be few of us that are not touched financially through changes.
Power to the Paddy