I tried to buy an actual barrel of crude oil (2015)

Re:I tried to buy an actual barrel of crude oil (2015) by vkou on Monday April 20, 2020 @03:48PM (#22927705)

Nobody's going to spend money to build new storage facilities for an oil glut that will go away in, at most, a month or two.

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Re:I tried to buy an actual barrel of crude oil (2015) by jessaustin on Monday April 20, 2020 @06:23PM (#22929431)

If you're sure about that, I hope you're investing accordingly...

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Re:I tried to buy an actual barrel of crude oil (2015) by bluGill on Tuesday April 21, 2020 @09:25AM (#22934724)

Not exactly. If you are not sure the glut will last for a while and then disappear you don't invest. There is a ton of money to make but only if you get the details right, if any is wrong there is a ton of money to lose.

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Re:I tried to buy an actual barrel of crude oil (2015) by jessaustin on Tuesday April 21, 2020 @11:16AM (#22935640)

If you're sure the glut will disappear within two months there are lots of safe investments.

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Re:I tried to buy an actual barrel of crude oil (2015) by bluGill on Tuesday April 21, 2020 @03:25PM (#22938451)

What if you don't know if it is 2 months or 2 years? There are great investments either way, but some investments only work with one and lose badly in the other. Thus if you are not sure you can't invest.

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Re:I tried to buy an actual barrel of crude oil (2015) by jessaustin on Tuesday April 21, 2020 @04:45PM (#22939126)

You describe a different situation than thread parent described.

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Re:I tried to buy an actual barrel of crude oil (2015) by bluGill on Wednesday April 22, 2020 @08:39AM (#22944885)

Not exactly. I'm sure the glut will go away, but my error bars are large enough that I'm not comfortable betting on it.

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