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It's not just the best time to build reserves; there's so much oil out there that prices dipped to negative values in some spots (yes, they would pay you to jus
by H8crilA 7y ago
It's not just the best time to build reserves; there's so much oil out there that prices dipped to negative values in some spots (yes, they would pay you to just come and collect the oil; if only you could). Oil is energy, this is similar to the occasional negative electrical energy prices in renewables-rich countries like Germany.
https://www.bloomberg.com/opinion/articles/2020-04-02/negative-oil-prices-are-already-here-as-storage-fills-up https://www.bloomberg.com/opinion/articles/2020-04-02/negati...