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  Australian Politics Forum › Member Run Boards › Finance and Economics › OIL IN NEGATIVE PRICES
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OIL IN NEGATIVE PRICES (Read 1592 times)
Jake Winker Frogen
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OIL IN NEGATIVE PRICES
Apr 24th, 2020 at 1:52pm  
Oil has now hit negative pricing, recently -$37.63 a barrel of Texas crude. (Not to be confused with George W Bush)


So I  went to my local petrol station, filled an empty tank up,
went to the counter and said "you owe me $37.63."

They did not pay up.

smacking capitalism.
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Jake Winker Frogen
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Re: OIL NEGATIVE PRICES
Reply #1 - Apr 24th, 2020 at 1:54pm  
And then I payed $37.63 for a bottle of Pepsi Max.
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Mr Hammer
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Re: OIL IN NEGATIVE PRICES
Reply #2 - Apr 24th, 2020 at 8:32pm  
You were over-charged on the Pepsi Max.
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Mix_Master
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Re: OIL IN NEGATIVE PRICES
Reply #3 - Oct 7th, 2020 at 5:33pm  
If only Australia had the storage capacity...we could have loaded up on minus value futures contracts and gone some way to ensuring oil reserves.

(Yes, I'm aware I'm posting this months later; I made the same point elsewhere, before the futures crashed to that point).
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