Comment by strongpigeon
11 hours ago
Oil briefly went negative a couple years ago too which was shocking. I thought about “buying” some, but then realized I’d have to set up for the oil to be picked up (or try to sell the contract before it expired).
> a couple years ago
It was near the beginning of the pandemic, due to the demand shock of everything shutting down.
There were probably practical ways to profit off the low prices (assuming the risk of them not recovering), but I never did figure out something that would work for a retail investor.
The only way to profit was too have a large storage tank.
did it not come with the barrels? I figured you'd just need a warehouse and a truck.
(which is a pretty big ask, of course, and maybe free labor to pick it up up and move it into the truck...(
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