QUOTE(NewBodOnTheBlock @ Mar 13 2020, 10:45 PM)
I am curious too. Renego for all services or supply is a massive exerciseOil & Gas Careers V12 - Upstream & Downstream, Market still slump, slow, snail pace...
Oil & Gas Careers V12 - Upstream & Downstream, Market still slump, slow, snail pace...
|
|
Mar 15 2020, 07:26 AM
Return to original view | IPv6 | Post
#1
|
![]() ![]()
Junior Member
283 posts Joined: Nov 2006 |
|
|
|
|
|
|
Apr 21 2020, 12:08 PM
Return to original view | IPv6 | Post
#2
|
![]() ![]()
Junior Member
283 posts Joined: Nov 2006 |
|
|
|
Apr 23 2020, 03:28 PM
Return to original view | Post
#3
|
![]() ![]()
Junior Member
283 posts Joined: Nov 2006 |
QUOTE(taiping... @ Apr 23 2020, 12:53 PM) Why WTI Crude Oil traded at minus -$37 classic explanation. :-)Imagine the following...you pay $500 today and commit to receiving an escort at your house in 15 days. Cos your wife is traveling. This is called a futures contract. Unfortunately, lockdown came and your wife will be home for the next 60 days. You do not want this woman to show up at your house at all and try to pass this futures contract to someone else. Only you cannot sell this commitment because nobody can receive the escort at home anymore. Everyone is in full storage (their balls) with wife. To make matters worse, not even the pimp (Chicago Mercantile exchange) has more room to receive girls because his house is crowded with girls. So you will pay anyone just to take the girl off your hands. Do you now understand why oil has a negative price when the contract is delivered? |
|
|
Jan 14 2021, 01:12 PM
Return to original view | Post
#4
|
![]() ![]()
Junior Member
283 posts Joined: Nov 2006 |
|
|
Topic ClosedOptions
|
| Change to: | 0.1087sec
0.53
7 queries
GZIP Disabled
Time is now: 2nd December 2025 - 11:44 PM |