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May WTI Crude just fell to -$35.20

Posted on 4/20/20 at 1:34 pm
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123779 posts
Posted on 4/20/20 at 1:34 pm
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
59589 posts
Posted on 4/20/20 at 1:35 pm to
its was just -8.61

link?
Posted by teke184
Zachary, LA
Member since Jan 2007
94843 posts
Posted on 4/20/20 at 1:35 pm to
shite, someone pay ME $35/bbl to take this shite.

I’m sure there are ways to legally dispose of it cheaper than that.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69249 posts
Posted on 4/20/20 at 1:35 pm to
take my oil!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted by cajuncarguy
On the road...Again!
Member since Jun 2013
3135 posts
Posted on 4/20/20 at 1:37 pm to
All storage is getting full. No where to go. Texas Gov Abbott is about to order all production to stop. Why give away their assets?
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 4/20/20 at 1:38 pm to
I think it’s more of a safety and environment issue at this point.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123779 posts
Posted on 4/20/20 at 1:38 pm to
Now @ -$37.63
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98468 posts
Posted on 4/20/20 at 1:39 pm to
It's back "up" to -24.00
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123779 posts
Posted on 4/20/20 at 1:41 pm to
quote:

shite, someone pay ME $35/bbl to take this shite.

I’m sure there are ways to legally dispose of it cheaper than that.
It makes no sense. No one would pay that to unload oil.
Posted by Redleg Guy
Member since Nov 2012
2536 posts
Posted on 4/20/20 at 1:42 pm to
If it becomes a safety or environmental issue for someone, that cost could be the lesser of two evils
Posted by RollTide1987
Augusta, GA
Member since Nov 2009
64952 posts
Posted on 4/20/20 at 1:43 pm to
That means WTI is literally paying people to buy crude oil.

Posted by jcaz
Laffy
Member since Aug 2014
15536 posts
Posted on 4/20/20 at 1:43 pm to
Just stop production until May 1st. Stop the bleeding.
Posted by WPBTiger
Parts Unknown
Member since Nov 2011
30876 posts
Posted on 4/20/20 at 1:44 pm to
Time for the Dems to allow Trump to fill up all the oil reserves to the top.
Posted by TNTigerman
James Island
Member since Sep 2012
10470 posts
Posted on 4/20/20 at 1:44 pm to
I don't get it. How can something of tangible value be negative?
Posted by OchoDedos
Republic of Texas
Member since Oct 2014
33981 posts
Posted on 4/20/20 at 1:44 pm to
Has anyone figured out who's stuck, and tried to unload their position?
Posted by SickGainzLP
Member since May 2019
1230 posts
Posted on 4/20/20 at 1:45 pm to
I'm really glad I'm not in any way dependent on the local LA economic picture.
This post was edited on 4/20/20 at 2:25 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
57090 posts
Posted on 4/20/20 at 1:45 pm to
quote:

I don't get it. How can something of tangible value be negative?

It's like paying someone to take your trash away.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98468 posts
Posted on 4/20/20 at 1:46 pm to
Up to -$19.99
This post was edited on 4/20/20 at 1:46 pm
Posted by cajunandy
New Orleans
Member since Nov 2015
671 posts
Posted on 4/20/20 at 1:46 pm to
quote:

Has anyone figured out who's stuck, and tried to unload their position?


if there is a God -- George Soros
Posted by teke184
Zachary, LA
Member since Jan 2007
94843 posts
Posted on 4/20/20 at 1:48 pm to
As funny as that would be, I bet there is a better chance of it being Warren Buffet.
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