yeah, because the cost of storing the oil is too high

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Mar 18, 2020
2:21:28pm

Pasadena All-American

yeah, because the cost of storing the oil is too high

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Pasadena

Bio page: Pasadena
Joined: Aug 21, 2007
Last login: May 2, 2024
Total posts: 12,577 (181 FO)

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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.

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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