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DrStool

We're All Gonna Die 4/20/20

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i'm hearing there is great technical support at -40

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Where do I sign up to get paid $40 to take a barrel of oil? Am I understanding correctly people are willing to pay $40 to not have tanker trucks rolling up to their front lawns and unloading?

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Time to go long Winnebago again - we buy everyone in the high risk group a Winnebago and the Fed pays them to $7 a gallon to burn up all the extra oil and drive around the US until we find a vaccine! Alternately we pay the airlines to burn the fuel up with empty jets. 

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22 minutes ago, sandy beach said:

A vaccine for SARS-CoV-2 testing in monkeys appears to be successful. This is using inactivated SARS-CoV-2 as the vaccine:

https://www.biorxiv.org/content/10.1101/2020.04.17.046375v1.full.pdf

 

I just put that on Twitter. See if it triggers a meltup. LOL 

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24 minutes ago, sandy beach said:

You are a better man than I. I tried to study the history of Poland and I just can't make out the names much less the language. 

I have extra motivation. 

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10 minutes ago, Private Skidmark said:

What does that even look like on a futures trading platform? Can you actually enter a negative bid/offer?

 

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39 minutes ago, sandy beach said:

You are a better man than I. I tried to study the history of Poland and I just can't make out the names much less the language. 

My college girlfriend studied linguistics and started taking Czech. What little I learned from her about the language was horrifying.

https://en.wikipedia.org/wiki/Czech_declension

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21 minutes ago, Private Skidmark said:

Looks like May WTI closed at -$37.63.

Is that a lot?

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21 minutes ago, Private Skidmark said:

Looks like May WTI closed at -$37.63.

Damn....

And here all this time I thought there was strong support at $0.....

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12 minutes ago, Jimi said:

Damn....

And here all this time I thought there was strong support at $0.....

Me too, that was an old Joke, Hey, We all learn something everyday, in the Brave New World....

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39 minutes ago, Private Skidmark said:

What does that even look like on a futures trading platform? Can you actually enter a negative bid/offer?

my question is what does this do to the demand for petro dollars,

no demand for dollars should mean dollar down...not?

correct me if i am not thinking this through..

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So if you were long that crude contract, what happens to you now. And if you were short, how do you get paid? 

What are the implications for CME. 

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