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RE: Negative Crude Oil Give Away For Idiots
It is true that we can't do much without oil and this means that the low oil price is just temporary which will go up after the pandemic and things go back to normal but the truth is that the fall in market price of everything is alarming.
There's two types of market. The current emergency market is due to future contract that is expiring below expected value. Spot market will not go below 0 because, they will not just give away the barrel to you. They will shut down the refinery and we're all screwed.