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Start an Uber for oil sales. You're not selling it, you're just enabling. Others can get licenses, or not. You don't have to care!
by matt_morgan 6y ago
Start an Uber for oil sales. You're not selling it, you're just enabling. Others can get licenses, or not. You don't have to care!
- toomuchtodo 6y agoYou’ve just reinvented the commodities futures market. You can even take delivery in Cushing, OK if you want (but you don’t have to, as long as you roll out of the contract before the delivery date). https://www.cmegroup.com/ https://www.cmegroup.com/ https://www.cmegroup.com/trading/why-futures/welcome-to-nymex-wti-light-sweet-crude-oil-futures.html https://www.cmegroup.com/trading/why-futures/welcome-to-nyme... (CME Light sweet crude WTI)
- o-__-o 6y agoYou actually need to tell your broker that you want full execution of the contracts otherwise the default is for your broker to sell the contract before delivery. And even so, your broker will expect ability to receive the shipment before they allow that liability to go unchecked
- toomuchtodo 6y agoThis is important! I’ve seen a friend have to take delivery of train cars full of eggs. Not a good time!
- vageli 6y agoI would personally _love_ to hear this story.