You get 40 dollars for buying 1 barrel of oil

>you get 40 dollars for buying 1 barrel of oil
what in the fuck

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It doesn't taste good though so it's not worth eating

the price is already back above $0, so no. the market crashed literally for less than a day, and it's already rebounded

Can I even physically take the oil that I bought on stock market or is it all just speculation and debt trading?

There was a journalist who went through all the processes to get one a couple years ago. It’s lots of red tape and a pain in the ass, but possible.

You get paid $40
Then you're legally required to go pick up a barrel of oil
You have to sign all kinds of legal documents, you need regulation storage facilities, you need to pay for transport, etc
In the end you pay thousands of dollars to house the barrel someone paid you $40 to take

then where are you going to store it? your house where a little spark is going to set your entire family on fire?
dump it somewhere where you're going to be fined millions for polluting the country?
gas stations can give fuel for free right now and literally noone is going to get it.

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>oil
>gets set on fire from one lil spark
take off your memeflag, you're obviously not an american

Why are you idiots always memeing? You don't have futures contracts. You don't get a cent of this money.

>doesnt get paid in tankers to carry his oil

NGMI

>Then you're legally required to go pick up a barrel of oil
If I lived in USA, you'd be sure as fuck I would
>You have to sign all kinds of legal documents
k
>you need regulation storage facilities
I don't think so, at least the law on this differs from state to state
>you need to pay for transport
I'd probably do it myself

>he didn't have enough money saved up to become an instant oil baron when SHTF

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>didnt x100 his trump bucks by buying up oil
ngmi

Filtered, thanks for being a faggot

Kek he didn't see this coming. My whole fucking swimming pool is filled to the brim with oil.

yeah and where are you going to put it

then enjoy your local, state and federal government watching where that oil goes if you dump it. Also you can't refine it and a refinery won't deal with you nor pay you

And btw it is people with the further contracts that are paying the on top of the oil, to get rid of it. Not the other way around.

>yeah and where are you going to put it
easy, swimming pool. I bought the rights to the swimming pools of all my neighbors a week ago.

go try storing 10 barrels of premium gas in front of your yard and see what happens you fucking retard subhuman

they pay you to take it but you pick it up

literally a contract to pickup at a refinery somewhere or a pipeline

they also deal in thousands of barrels not just 1. Your state would have ordinance and requirements for transport and storage and then

>get fined
>get fined
>get billed for draining/cleanup
>get fined again
>neighbours sue saying didn't know was crude oil

Where can I buy? I’ll be 100million barrels, pocket 4billion, buy some storage containers and sell the oil when the prices go back up and be set for life

Dude my whole neighborhood smells like money. I can't wait for my friends and neighbors to come home, these fuckers will be so jealous of my avarice.

>storage is currently almost full
>transportation is still moving
>hundreds of millions of barrels in transit
>tankers full

no but you're going to find storage for 100 million barrels you dumb fucking cunt if there was storage available they wouldn't be paying people to take it

filtered.

The only winners are the people who can immediately take crude and make stable products out of it that people need. Like precursors for plastics.

We need to talk about this.

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Trump is going to acquire 75m barrels for the national stockpile. It's almost at full capacity. After this happens, who knows.

Yesterday was my birth day today i made a lot of money, i cant wait to fuck the wife of my neighbor.

Too little too late. He should have protected the National industry if there is a political price war being waged against US shale.