RE: Blaming this on the May contract but this has never20 Apr 2020 22:23
Best place to store oil when you run out? Back in the ground. Heck if they paying me $40-50 to take it... id take it... pump it into the catcher field.
If you had a place to store and collect oil youd instantly make $40 on oil. Oil companies have the perfect place. Especially TEN fields. Pump it back into the ground! Get paid $40 a barrel for doing it.
No one can take physical delivery hence producers will pay you to take it. Im dumbfounded why oil companies wont take it and just put it back in the ground. Perfect place to store it.
Maybe instead of pmo buying bp assets it should just take this minus 40 dollar oil and pump it back into catcher.... go Tony go get 100 million barrels of oil and make $4 billion.
RE: What about the other 3.5 Billion17 Apr 2020 19:19
Deos in future only buy adr stocks. At least they managed to sell. And also they can do litigation class action. We cant do naff all. 134k vanished to thin air