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Mar 18, 2020
2:13
:37
pm
Checks Out
Walk-on
I think it might mean that they sell for less than the cost of production?
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Joined
Mar 16, 2020
Last login
Mar 22, 2020
Total posts
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Messages
Author
Time
Oil prices could go below zero?
Goliath
3/18/20 2:10pm
They must be unaware of Utah's demand surge this morning.
BoiseBlueCoug
3/18/20 2:12pm
How does that happen? They would have to pay people to take their product?
byuluvr
3/18/20 2:12pm
I think it might mean that they sell for less than the cost of production?
Checks Out
3/18/20 2:13pm
Or perhaps it costs more to store it than worth.
ditch
3/18/20 2:30pm
If I understand it correctly it basically means there is more supply than demand
ordinary tri guy
3/18/20 2:13pm
yeah, because the cost of storing the oil is too high
Pasadena
3/18/20 2:21pm
The oil company pays you to take it? C'mon.
jkccoug
3/18/20 2:13pm
no understandy
Avery
3/18/20 2:20pm
Good times.
chilango
3/18/20 2:33pm
Rest assured consumers would still pay for all the oil products, but there is
NOCAL_YFAN
3/18/20 2:36pm
Good post. Hadn't thought of that.
jkccoug
3/18/20 8:30pm
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