Replies to post #21944 on The Rising Influence of Rising Affluence

[biotech_researcher]

Who is the leading producer of sheet steel to build oil storage tanks?

[semi_infinite]

There is plenty of storage if the price is right. If CME takes the price negative again, storage potential is near infinite. KMI should take the money and the oil, they can probably store a few hundred million barrels for themselves. I would consider it if I were them.

[mr_o]

A question I have only seen partial answers to is the following:

If a company is unhedged and selling at "spot" what price does the company receive? When does a company selling at spot lock in prices?