Well it's negative now, -1.43 a barrel. Does that mean you get free gas when you go for a drive?

I have old rebuilt hot rod.. don't drive it much.. I think its my duty to burn some gas..
agreed

Lol, oil futures below zero, it costs more to store it now than the actual stuff.

Interesting how this all will unfold, we might not see employment levels at pre-corona ever again. Upwards 10 million people in the US are employed in the oil industry.

Looks like some of our comrades might get their wish. We'll have to rely on the state to feed us by printing an endless amount of fiat currency, the fail proof Venezuela method.

There might be a good trade buying the majors today. Most people probably don't understand what's happening and concepts such as roll yield and contango. Futures contracts are imploding because there's no where to store it, so what's happening is store cost>sale price. That doesn't actually mean you will see near zero prices at the pump.

Might buy Cvx & Xom calls for a quick trade.

brb storing barrels of crude in my apartment

Makes you wonder why we droned so many people for it.

Bring back the hummers

Maybe it wasn't about oil after all!

yeah it was about spreading peaceful democratic systems by force, not sure how people still get hung up on the oil angle.

Closed at -37 dollars a barrel.

Just fucking WOW.