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> Producers already got paid for this production a long time ago Nothing requires a broker to be involved. Drillers can sell futures to "get paid now" for futu
by mike_d 7y ago
> Producers already got paid for this production a long time ago
Nothing requires a broker to be involved. Drillers can sell futures to "get paid now" for future production, and likely did so to cover expenses in these chaotic times.
If they issued a contract for 1000 barrels on the 1st of the month, produced that 1000 barrels on the 10th, and have an unsold contract on the last day of the month - they are screwed.