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WHAT???? Oil prices could fall below zero: Analyst THEY WILL PAY YOU TO TAKE IT
Ms Sans Serif
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[quote:Anonymous Coward 77184588:MV80MzExNTI4Xzc4NTE5MjIxXzgzQUY5QTM5] [quote:Anonymous Coward 14931885:MV80MzExNTI4Xzc4NTE5MTU3XzI3Q0IxNzky] Now that would really mess up the Mid East. That is all they have. I’ve got room for ten barrels. Where do I pick them up at? [/quote] Ummm... what are you going to do with that gooey mess? Seal your roof? Driveway? :peace: [/quote]
link to www.foxbusiness.com (secure)
Oil is a 100 million barrel-per-day market, but Sankey says it’s possible that the economic fallout from the pandemic could zap demand, creating a 20 million barrel-per-day surplus.
He says the “physical reality” of the market is that oil is pumped out of the ground and has to be consumed or stored. When the cost of storage goes high enough -- or space runs out -- companies might pay customers to take it.
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