For the guys who don’t quite understand why #OilPrices went negative, I ran into this explanation that might help clarify things:
Imagine the following... you pay $500 today and commit to receiving an escort at your house in fifteen days, (1/4)
Imagine the following... you pay $500 today and commit to receiving an escort at your house in fifteen days, (1/4)
because your girlfriend will then be traveling...
Unfortunately, quarantine came and your girlfriend will be home for the next 3 months...
Like all girlfriends from all over the world...
You do not want this woman to show up at your house at all (2/4)
Unfortunately, quarantine came and your girlfriend will be home for the next 3 months...
Like all girlfriends from all over the world...
You do not want this woman to show up at your house at all (2/4)
and try to pass this future contract to someone...
Only you cannot sell this commitment because nobody can receive the escort at home anymore. Everyone is with their respective girlfriends. To make matters worse, not even the pimp has more room to receive girls (3/4)
Only you cannot sell this commitment because nobody can receive the escort at home anymore. Everyone is with their respective girlfriends. To make matters worse, not even the pimp has more room to receive girls (3/4)
because his house is crowded with other call girls.
Do you understand why oil may have a negative price when the contract is delivered?
(Author unknown) (4/4)
Do you understand why oil may have a negative price when the contract is delivered?
(Author unknown) (4/4)
