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Oil barrel (futures) prices dropped into the negatives in 2020, which meant people were literally paying to give their barrels of oil away [0], driven partially
by TameAntelope 5y ago
Oil barrel (futures) prices dropped into the negatives in 2020, which meant people were literally paying to give their barrels of oil away [0], driven partially by storage concerns.
So I guess, in a sense, what you're asking about did happen?
[0] https://www.marketwatch.com/story/oil-prices-went-negative-a-year-ago-heres-what-traders-have-learned-since-11618863839 https://www.marketwatch.com/story/oil-prices-went-negative-a...