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Free Fall, Oil Prices Go Negative
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04-25-2020, 01:06 AM
Post: #21
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RE: Free Fall, Oil Prices Go Negative
(04-24-2020 11:01 PM)toml_12953 Wrote: A friend of mine bought futures on a tanker full of oil. He delayed too long to sell it off and the tanker docked and he had a tanker full of oil he couldn't get rid of. Not only was he stuck with the oil, he had to pay the all the fees for each day the tanker was docked. A few million dollars later he managed to sell the oil. Sounds like playing hot potato with a hand grenade... Remember kids, "In a democracy, you get the government you deserve." |
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