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A comment on I tried to buy an actual barrel of crude oil (2015). Parent comment
Barrels 2000000
lease cost / day $350,000.00
Barrel cost -$37
Take delivery profit $74,000,000.00
After 180 days storage $63,000,000.00
Sell/barrel $20
Net $51,000,000.00
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Barrels 2000000
lease cost / day $350,000.00
Barrel cost -$37
Take delivery profit $74,000,000.00
After 180 days storage $63,000,000.00
Sell/barrel $20
Net $51,000,000.00