This is incredible.
Buyers bidding for crude in Texas are offering as little as $2 a barrel for some oil streams. The slumping value of physical barrels is raising the possibility that Texas producers may soon have to pay customers to take crude off their hands. https://t.co/dRQgNWCFuh
— Lisa Abramowicz (@lisaabramowicz1) April 20, 2020
That’s a negative price for Western Canadian Select: -0.15/bbl
So ya, welcome to the world of negative oil prices. #ableg #cdnpoli pic.twitter.com/EvoGfLIrWv
— Paul (@AbBretscher) April 20, 2020
Oil now at $12.00.
https://oilprice.com/Energy/Energy-General/Oil-Autocrats-Are-Struggling-To-Keep-Their-Power.html
CASH is NOT Trash like the MSM sell side media says, but King. Armstrong explains.
https://www.armstrongeconomics.com/qa/why-cash-remains-king-qa/