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A comment on Oil plunges below zero for first time with May contract ending. Parent comment

Re:Oil plunges below zero for first time with May contract e... by darkwizard42 on Monday April 20, 2020 @03:37PM (#22927554)
Many have answered about storage costs. Easy way to think about it might be a grocery store.

You hear about a sale on cereal for $0.01 a box. Great deal but then you find out that you can't walk there, you can only take Lyft/Uber and it costs $100 each way to get to the store. So in reality its not as good a deal as it sounds.

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Re:Oil plunges below zero for first time with May contract e... by NullPrefix on Monday April 20, 2020 @04:01PM (#22927863)
>you can only take Lyft/Uber and it costs $100 each way to get to the store

Hard to follow this analogy

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Re:Oil plunges below zero for first time with May contract e... by eitally on Monday April 20, 2020 @04:11PM (#22927967)
The part about depending on only semi-reliable third parties for your logistics, or the part about the supply chain costs being 1000x your material cost?
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Re:Oil plunges below zero for first time with May contract e... by NullPrefix on Monday April 20, 2020 @05:09PM (#22928596)
The part where a trip to the grocery store costs $100
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Re:Oil plunges below zero for first time with May contract e... by benibela on Monday April 20, 2020 @05:23PM (#22928739)
Surge pricing because everyone wants to get the deal there
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Re:Oil plunges below zero for first time with May contract e... by NullPrefix on Tuesday April 21, 2020 @12:12PM (#22936253)
What's stopping you from taking a car or a bike ride to save $100?
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