12 ms·
Just like we pass around code-stories/war stories, I remember reading a funny story about this stuck-up senior trader who ended up having to take delivery of a
by wodenokoto 6y ago
Just like we pass around code-stories/war stories, I remember reading a funny story about this stuck-up senior trader who ended up having to take delivery of a shipment of coal.
Probably an urban legend, but still funny.
This thread seems to support the idea that you can't just receive your futures at home. But I guess even with a designated warehouse, you're stuck with the warehouse bill.
https://skeptics.stackexchange.com/questions/47421/have-any-financial-traders-gotten-a-large-shipment-of-a-commodity-sent-to-themse https://skeptics.stackexchange.com/questions/47421/have-any-...
- gadders 6y agoThere is also this story from Bloomberg about when one of their journalists tried to buy a single barrel: https://www.bloomberg.com/news/articles/2015-11-03/that-time-i-tried-to-buy-some-crude-oil https://www.bloomberg.com/news/articles/2015-11-03/that-time... "Could a barrel of crude really kill me?" I asked a petrochemical engineer captive to my persistent, doubtlessly annoying questions. It absolutely can, he said. Hydrogen sulfide gas—H2S, for short—has a terrible propensity to evaporate from crude, knock out your olfactory capabilities, and slowly suffocate you to death.
- throwaway0a5e 6y ago>"Could a barrel of crude really kill me?" I asked a petrochemical engineer That's like asking an electrician if 120v will kill you. Maybe if you use it wrong enough but odds are it's just going to be unpleasant.
- Anther 6y agoThank you for that link. It gave me a good chuckle. I work for a lab that analyses air samples. H2S is indeed interesting stuff.
- brazzy 6y ago> I remember reading a funny story about this stuck-up senior trader who ended up having to take delivery of a shipment of coal. Yeah, that was cited about a gajillion times back in May.