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Re: chevy56 post# 28607

Wednesday, 04/22/2020 10:15:24 AM

Wednesday, April 22, 2020 10:15:24 AM

Post# of 29021
Storage is the problem. In the toilet might be a great storage idea, but I was thinking buy from Saudi and pump it into US wells until the price goes back up. Or just find some tankers to hold it for a while.

Last week, could have bought the May contract, and sold June for a good spread. Just need a place to store it for a month. Today could buy that June back, and sell for $7 profit for another month. I think that's a great storage profit.