News $1.7 USD for barrel? - GoFuckYourself.com

just a punk · 04-20-2020, 10:53 AM

WTF with WTI?

One liter is cheaper than one ruble. It's time to buy!

Klen · 04-20-2020, 10:54 AM

Or you could simply use a bike :D

ravo · 04-20-2020, 11:07 AM

Prices are dropping as demand decreases. Apparenty Western Canadian Select crude was selling for -$0.01 per barrel. Yes, they are paying you to take it away...

CaptainHowdy · 04-20-2020, 11:31 AM

Here's to clear skies . . .

Ferus · 04-20-2020, 11:48 AM

The raw oil was at minus $10 today in the US when I checked, dont know if its still there

Adraco · 04-20-2020, 11:51 AM

Yeah, well, it is the price for delivery in May, that price went down to zero today.

It is because there are no more capacity in the terminals and storage units, so no more oil can be put away there in May/June. This means that if you sit on such a contract by closing hour today, you will need to find a place to store the oil. Since no storage units are available, it will have to be on oil tankers, which is increadibly expensive to use as storage.

Those contracts terminate today, in few hours. Right now they look to be a lost case and with storage costs and an uncertain future and possibility to sell this oil futher on, this is why those contracts are given away at the moment. It is all about closing positions now.

jscott · 04-20-2020, 12:02 PM

amazing
and oil stocks holding strong

CAHEK · 04-20-2020, 12:58 PM

Gas stations will pay us to fill up our cars soon

romeo22 · 04-20-2020, 12:59 PM

wait it will be cheaper

EddyTheDog · 04-20-2020, 01:48 PM

West Texas Intermediate (WTI) -$37.63...

So they pay you $37 - I wonder how many I can fit in the carport? - I take it they deliver?....

Adraco · 04-20-2020, 02:06 PM

Quote:

Originally Posted by EddyTheDog

West Texas Intermediate (WTI) -$37.63...

So they pay you $37 - I wonder how many I can fit in the carport? - I take it they deliver?....

It’s not like you can take one or two barrels...

MrBanksy · 04-20-2020, 02:18 PM

The actual negative rate in WTI crude futures for May (which close trading next Tuesday) is due to Contango (a specific futures contract phenomenom which I will not get into here).

The thing is that storages are all full and there is a demand shock, so no one was buying anymore to get oil delivered to their location.

It is indeed the first time this has ever happened, but actual WTI spot price today was around $18, not -$37

Stay toasty

nikki99 · 04-20-2020, 02:30 PM

how can I buy? post link here please

EddyTheDog · 04-20-2020, 02:34 PM

Quote:

Originally Posted by Adraco

It’s not like you can take one or two barrels...

I was joking - Although given that they are paying you to take it away and how much fuel you would use getting it from Texas to New Zealand it might actually pay off! - Not very green though - lol...

CaptainHowdy · 04-20-2020, 02:45 PM

Quote:

Originally Posted by nikki99

how can I buy? post link here please

Go to the nearest gas station . . . just dont sniff it, nikki.

nikki99 · 04-20-2020, 03:26 PM

Quote:

Originally Posted by CaptainHowdy

Go to the nearest gas station . . . just dont sniff it, nikki.

I have neighbour homeless guy who sniff gas.... crazy shit, he look worse than crack users

CaptainHowdy · 04-20-2020, 03:55 PM

Quote:

Originally Posted by nikki99

I have neighbour homeless guy who sniff gas.... crazy shit, he look worse than crack users

It can get pretty addictive . . .

mikeylikesit · 04-20-2020, 04:06 PM

Quote:

Originally Posted by MrBanksy

The actual negative rate in WTI crude futures for May (which close trading next Tuesday) is due to Contango (a specific futures contract phenomenom which I will not get into here).

The thing is that storages are all full and there is a demand shock, so no one was buying anymore to get oil delivered to their location.

It is indeed the first time this has ever happened, but actual WTI spot price today was around $18, not -$37

Stay toasty

yeah may prices/deliveries are fucked but the june price is still at around $22 and december is at around $33 so it is not as bad as it seems long term..... unless demand stays at an all time low which could fuck more months up pretty bad... I hope it keeps falling I want the gas pump to pay me to fill my vehicles up

just a punk · 04-20-2020, 09:50 PM

Nobody knows how long the coronacrisis will last. The people don't drive their cars and they don't buy gas. The manufactures stuck. But the oil is being pumped out in a non-stop mode. So, lets wait for a couple months more...

klinton · 04-20-2020, 11:36 PM

Quote:

Originally Posted by CyberSEO

Nobody knows how long the coronacrisis will last. The people don't drive their cars and they don't buy gas. The manufactures stuck. But the oil is being pumped out in a non-stop mode. So, lets wait for a couple months more...

whoever doubts that the countries' REACTION to corona is worse than the virus itself, its a fucking idiot.

I dont believe that such gigantic conspiracy with so many sides and people is possible to maintain, but looking at all this...its all fishy as fuck.

just a punk · 04-21-2020, 12:59 AM

Quote:

Originally Posted by klinton

whoever doubts that the countries' REACTION to corona is worse than the virus itself, its a fucking idiot.

I dont believe that such gigantic conspiracy with so many sides and people is possible to maintain, but looking at all this...its all fishy as fuck.

Just compare these mortality rates:

And we had no quarantine when there was a pandemic of much more deadly corona viruses in 2004 and 2012. There was no panic, no police on the streets, no passes? checkpoints etc. Hmm...

adultchatpay · 04-21-2020, 03:51 AM

No demand for fuel right now. Planes, ships, cars, manufacturing plants that uses fuel are on halt.

klinton · 04-21-2020, 05:03 AM

Quote:

Originally Posted by CyberSEO

Just compare these mortality rates:

And we had no quarantine when there was a pandemic of much more deadly corona viruses in 2004 and 2012. There was no panic, no police on the streets, no passes? checkpoints etc. Hmm...

Seriously, I would be really concerned if the mortality of this one would 3,8 % like you posted.
Luckily, its around 10-12 times lower in population below 65 and without ongoing health issues.
90-95 % of victims of this pathogen are really old people and/or people with ongoing health problems: diabetes, health problems, hypertension, obesity, heavy smokers and so on.
Also, not everyone that had it even knew of goes to doctor...

celandina · 04-21-2020, 07:11 AM

So why gas is it still 1 Euro/ liter here in Prague

george MH · 04-22-2020, 02:14 PM

The barrel costs more than the oil inside it

04-20-2020, 10:53 AM	#1
just a punk So fuckin' bored Industry Role: Join Date: Jun 2003 Posts: 32,381	$1.7 USD for barrel? WTF with WTI? One liter is cheaper than one ruble. It's time to buy! __________________ Obey the Cowgod

04-20-2020, 11:07 AM	#3
ravo Confirmed User Industry Role: Join Date: Jun 2001 Location: Skype: ravo.fpctraffic Posts: 5,434	Prices are dropping as demand decreases. Apparenty Western Canadian Select crude was selling for -$0.01 per barrel. Yes, they are paying you to take it away... __________________ AdultAdBroker - Buy and Sell Your Flat Rate Banners, Links, Tabs, Pops, Email Clicks and Members' Area Traffic - updated April 2025

04-20-2020, 11:31 AM	#4
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 92,999	Here's to clear skies . . . __________________ FLASH SALE INSANITY! deal with a 100% Trusted Seller Buy Traffic Spots on a High-Quality Network 1 Year or Lifetime — That’s Right, Until the Internet Explodes!

04-20-2020, 11:51 AM	#6
Adraco Confirmed User Industry Role: Join Date: May 2009 Location: Onboard an airplane around the globe Posts: 3,733	Yeah, well, it is the price for delivery in May, that price went down to zero today. It is because there are no more capacity in the terminals and storage units, so no more oil can be put away there in May/June. This means that if you sit on such a contract by closing hour today, you will need to find a place to store the oil. Since no storage units are available, it will have to be on oil tankers, which is increadibly expensive to use as storage. Those contracts terminate today, in few hours. Right now they look to be a lost case and with storage costs and an uncertain future and possibility to sell this oil futher on, this is why those contracts are given away at the moment. It is all about closing positions now. __________________ ---------------------------------------------------------------------------------- The truth is not affected by the beliefs, or doubts, of the majority.

04-20-2020, 12:58 PM	#8
CAHEK C.C.C.P. Industry Role: Join Date: Aug 2003 Location: Novorossiya Posts: 6,723	Gas stations will pay us to fill up our cars soon __________________ Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

04-20-2020, 10:54 AM	#2
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	Or you could simply use a bike :D

04-20-2020, 11:48 AM	#5
Ferus Bye - Left to do stuff Industry Role: Join Date: Feb 2013 Posts: 4,109	The raw oil was at minus $10 today in the US when I checked, dont know if its still there

04-20-2020, 12:02 PM	#7
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	amazing and oil stocks holding strong

04-20-2020, 12:59 PM	#9
romeo22 你自己去他媽的 Industry Role: Join Date: Mar 2008 Posts: 23,346	wait it will be cheaper

04-20-2020, 01:48 PM	#10
EddyTheDog Just Doing My Own Thing Industry Role: Join Date: Jan 2011 Location: London, Spain, New Zealand, GFY - Not Croydon... Posts: 25,038	West Texas Intermediate (WTI) -$37.63... So they pay you $37 - I wonder how many I can fit in the carport? - I take it they deliver?.... __________________ - Chaturbate Script - https://gfy.com/fucking-around-and-b...er-issues.html - Now supports White Labels

04-20-2020, 02:18 PM	#12
MrBanksy Registered User Industry Role: Join Date: Apr 2019 Posts: 4	The actual negative rate in WTI crude futures for May (which close trading next Tuesday) is due to Contango (a specific futures contract phenomenom which I will not get into here). The thing is that storages are all full and there is a demand shock, so no one was buying anymore to get oil delivered to their location. It is indeed the first time this has ever happened, but actual WTI spot price today was around $18, not -$37 Stay toasty

04-20-2020, 02:30 PM	#13
nikki99 Supermodel Industry Role: Join Date: Nov 2004 Location: Sodoma & Gomorra Posts: 22,838	how can I buy? post link here please __________________ SMC Revenue - Best Tgirl websites of the world now VR Non exclusive BIG Tranny/shemale Package for sale, full 2257 - hit me up skype: nikkimontero

04-20-2020, 09:50 PM	#19
just a punk So fuckin' bored Industry Role: Join Date: Jun 2003 Posts: 32,381	Nobody knows how long the coronacrisis will last. The people don't drive their cars and they don't buy gas. The manufactures stuck. But the oil is being pumped out in a non-stop mode. So, lets wait for a couple months more... __________________ Obey the Cowgod

04-21-2020, 03:51 AM	#22
adultchatpay Let's Make Money Industry Role: Join Date: Dec 2008 Posts: 8,784	No demand for fuel right now. Planes, ships, cars, manufacturing plants that uses fuel are on halt.

04-21-2020, 07:11 AM	#24
celandina Too lazy to set a custom title Industry Role: Join Date: Jun 2006 Posts: 11,343	So why gas is it still 1 Euro/ liter here in Prague

04-22-2020, 02:14 PM	#25
george MH Confirmed User Industry Role: Join Date: Dec 2019 Posts: 599	The barrel costs more than the oil inside it __________________ TRAFFDAQ: Sell, Buy, Trade & Multiply Your Traffic Skype: George MH - [email protected] New on Traffdaq: DATING niche is on, start trading