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So… are we getting an infra bill passed or what
😂 karma is a dish served sweet
Person - woman - man- camera - tv.
Since we all know guns aren’t the problem, but mental illness is the problem, can we have a thoughtful discussion on why living in a blue/liberal/woke state is good for your mental health and living in a red/conservative/maga state is so much worse for your mental health?
https://www.cdc.gov/nchs/pressroom/sosmap/firearm_mortality/firearm.htm
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My understanding is that People purchasing those contracts can’t take delivery because there is nowhere to store the oil. Therefore they’re under pressure to sell at depressed prices. Futures prices are converging to spot prices, aka the market is in contango.
Hah, next look up Backwardation. Essentially the reverse situation - futures prices below expected future spot prices.
Chief
Because Trump tried to mediate between Russia and Saudis last week. This is the fastest Trump has bankrupted an industry or economy.
If he can bankrupt a casino, he can bankrupt an industry. Economy is next.
Chief
Those aren’t entire industries, though. There is plenty of track record to legitimately criticize, no need to overreach here.
Because demand is down globally, storage facilities have filled faster than wells were shut down. With no place left to store it, no one is buying and the price goes down
Futures contracts for May expiring today.
Same underlying reason. More supply than demand. US crude reserves are at capacity and were at that point that carrying costs for oil are such that there is an incentive to sell below zero. Until the economy picks back up this will ripple through the futures curve, starting with May and moving on to June, July, August etc....
Does that mean nobody is buying more oil, but only selling?
Means the market doesn’t expect demand to pick up any time soon. Hence the near term futures market taking a dive.
Obama
Chief
Hillary’s emails.
Pro
It’s pretty crazy - futures contracts have never gone negative before today...