Context(for historical purposes)(in case you didn’t see this in a time frame where you have the foggiest clue what I am even referring to): On April 20th 2020 Oil prices went to negative $40 a barrel. (as in -$40), (as in you not only get free oil, you get $40 per barrel for taking it off their hands)
My take: I am not sure what this means, other than, probably, oil rich countries are now oil poor? Or they could give a flying crap. What I mean by, I don’t know what this means, is,
Quick Grammar heads up: Aside from trying to correct the wiggly red line that occasionally pops up when I type, I don’t make much of an effort to use good grammar. But I do go over things, so they aren’t completely nonsensical.
Getting back to my take: Ok so I am looking at something that looks like a Oil stock, but it says it’s minus $40. But I’m not sure that is a stock. How on earth do you buy a stock that basically gives you money for owning it. Do I just buy indefinitely until I am a billionaire? No, this can’t be a stock you can buy, just the price per barrel. I don’t know. But forget that, whatever the answer is to that mystifying question. At the very least it’s saying I get a nifty $40 in my pocket, I just end up with a giant barrel of oil I somehow have to store… somewhere, never mind that I’m fairly sure a large barrel won’t fit into my Acura TL, so I got to figure that all out. So we probably got costs coming to us that whittle down the $40. Like we got to ship it, I mean sure I might be able to find someone that has a large enough vehicle, but whatever, I won’t go into a long story about if I might be able to do that, and who they are, and how I can talk them into that sort of thing, I mean I just want to get off the subject. ANYWAYS… so I gotta store this thing right, I mean maybe the wife, and 2 year old daughter can be talked into storing it into our 1 bedroom plus den… but the chance of death from fumes is still on the table right? Now how do you store oil? How much? … oof, too many things to think about. Ok, honestly, the more I think about it, the only real option is to pocket the $40 cash, and just run away as fast as possible from the man with the oil barrel screaming “JUST PUT IT BACK, THANKS FOR THE CASH”… Ok, I’m going to lie down.
The Musings of a Moron 