There was another post about this but oil is going for -32 dollars a barrel. What if I acquired A million barrels of oil. I’d be sitting on 32 million with which I could theoretically use to buy an oil tanker, hire a subcontractor that would provide the crew and still have some money left over. That or I could buy warehouses.
I know this is ridiculous but I just don’t see what’s stopping someone from doing this. Do you need proof that you can safely store the oil before you buy it?
People are saying it costs more to store than its worth but from my research (however uninformed it was) I'm not sure it does.