Re:I tried to buy an actual barrel of crude oil (2015)
by jedberg on Monday April 20, 2020 @04:57PM
(#22928458)
You've dashed all my hopes for a quick buck, but thank you for the enlightening information!
Re:I tried to buy an actual barrel of crude oil (2015)
by throw_away on Monday April 20, 2020 @05:17PM
(#22928675)
Re:I tried to buy an actual barrel of crude oil (2015)
by jedberg on Monday April 20, 2020 @05:32PM
(#22928824)
Similar concept, even older :)
Re:I tried to buy an actual barrel of crude oil (2015)
by eythian on Tuesday April 21, 2020 @11:03AM
(#22935515)
https://thedailywtf.com/articles/Special-Delivery accidental coal delivery, but still.
Typically, the exchange contract is quite specific about where and how delivery can be made, and “in barrels shipped to your backyard” isn't an option. See, e.g., the delivery procedures here: https://www.cmegroup.com/trading/energy/crude-oil/light-swee...
Also, “barrels” are just a (traditional for the commodity) unit of measure (42 US gallons/35 imperial gallons), not actual containers used for delivery.