Comment by dragonwriter
5 years ago
> When the price went negative, it made me wonder if I could legally take delivery of barrels of oil in my back yard.
Typically, the exchange contract is quite specific about where and how delivery can be made, and “in barrels shipped to your backyard” isn't an option. See, e.g., the delivery procedures here: https://www.cmegroup.com/trading/energy/crude-oil/light-swee...
Also, “barrels” are just a (traditional for the commodity) unit of measure (42 US gallons/35 imperial gallons), not actual containers used for delivery.
You've dashed all my hopes for a quick buck, but thank you for the enlightening information!
https://itsalwayssunny.fandom.com/wiki/The_Gang_Solves_the_G...
Similar concept, even older :)
https://seinfeld.fandom.com/wiki/The_Bottle_Deposit
https://thedailywtf.com/articles/Special-Delivery accidental coal delivery, but still.