Due to popular demand, here is the explanation of the 2020 oil crisis, negative prices, and how you can invest to make money – Enjoy! Add me on Instagram: GPStephan
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Here’s the issue right now: With our economy shut down, we’re not using as much oil anymore. But even though demand has slowed down, production of oil has continued on as usual, even though we aren’t using as much of it. That’s created a SURPLUS of oil that needs to go somewhere…but now there’s not enough space to store it.
When you hear about ‘negative oil prices,’ it’s referring to what’s known as Oil Futures…or, more specifically, the Oil Futures of one supplier in Particular, West Texas Crude.
In this case, people bought oil FUTURES at a higher price, not expecting things to get so bad…and, as the price of oil fell, it became apparent that those future prices became less and less valuable. So much so, that, because they literally ran out of space to hold all of this oil…it’s cheaper for the people who bought oil futures to PAY YOU TO TAKE IT OFF THEIR HANDS, than it is for them to figure out some place to store it.
As for whether or not this is going to save you money when you go fill up your gas tank…the answer is yes, and no. YES, lower oil prices will mean that you pay less to fill up your car. BUT, the price of gas you pay is made up of several other costs that need to be factored in…like, distribution, refining, taxes, and then the cost of oil itself. So, all in all…you’ll still pay for gas to fill up your car, it won’t be free, and you won’t get PAID.
Now, for what this means to you and I…well, if this keeps up, some US oil and gas based businesses could go under. Eventually, some companies can’t just run at a deficit forever and will have to close…although it’s unclear where the tipping point will be. Although, if you want to make MONEY from this…well, most likely, you’ll be investing in or shorting oil or gas companies…and when it comes to that, I’ll be honest…I have no idea what’s going to happen, I’m not investing in ANY of this myself…and I’m more curious about the broad implications for the entire economy, than I am about making a quick profit on this.
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Is this still applicable now (2022)?
Yeah lol now we need the oil
I remember this vid a year ago. How ironic today
Well, can't see the date for the video (yes, I upload videos myself, but I'm still a pleb when it comes to the finer functions of YouTube software), but I'm assuming that, since he mentioned 4/20/20 as "yesterday" in relation to recording this video, and he said, "my birthday is tomorrow", so I conclude that his birthday is essentially 4/22. That said, while he's not a fellow Aries, I still have auto-respect for someone who was also born in April. Soooo, yeah…I'm hitting that subscribe button now. 😂
THIS IS JOE FAULT!!
LOL
I don't like Joe….
I was joking but I still don't like joe
Now it’s back to $4.20/gallon some places
Happy late birthday bro 🤑
On that day, the sale of pools spiked 500%.
Gold Commodity trading is not that uncommon these days since Gold is one of the oldest currencies in the world and for this reason, it has become an important part of the financial world. It is placed as valuable in the psyche of the individuals and is considered an asset by almost everyone.
Gold is very useful in the commodity trading segment which is majorly used in the form of jewellery and also has other industrial applications like electronics like mobile phones, GPS systems, televisions etc. and also in industries like glass making, medical treatments and dentistry.
Technology is growing faster .
It touches my heart to see a successful and trustworthy trader Ben Cesaro not to flaunt his luxuries, that shows he's so much Discipline. he has managed my investment account for months now, and I've known only good report and returns weekly. this is the only way i can show appreciation to make Mr Ben known to everyone. if interested you can message him Insta @Ben_uptrade
My brain is exploding – what kind of stuff do you read to understand all this?
I was scammed 2 months ago by online scammers posing to be online crypto traders with glamorous looking accounts on Instagram but ever since a friend introduced me to a trader here in new York things really kicked off for me so well..I've so for invested $50,000 and made a profit off $255,000 you can go look him up on Telegram @AUSTEN ALEXANDER
I was scammed 2 months ago by online scammers posing to be online crypto traders with glamorous looking accounts on Instagram but ever since a friend introduced me to a trader here in new York things really kicked off for me so well..I've so for invested $50,000 and made a profit off $255,000 you can go look him up on Telegram @AUSTEN ALEXANDER
Everyone here should check out Pi crypto, if you don't already have it
use my code: BossNut
I started in october 2019 so I have the fastest rates
Recording success in cryptocurrency Bitcoin is not just buying and hold till when bitcoin sky-rocks, this has been longed abolished by intelligent traders ,mostly now that bitcoin bull is still controlling the market after successfully defended the $9000 support level once again ad this is likely to trigger a possible move towards $9400 resistance area
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Do a quick google search for ECOM BAZZOID someone posted your courses Graham
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
Don't invest in oil. Oil is bad for the environment. Would you kill for money? Because that's what investing in oil is.
Hey gram I hate to break it to you but you're extremely misinform on this holes oil situation. Out here in West Texas we are only at 60% there's also different types of grades of oil is heavy and then there's light we do have an excess of heavy oil I might oil is what they use for gasoline it's a lot more refined. Also in Saudi Arabia it is easier to drill for oil but it's a very low quality and it takes a lot more to refine. Oil to make it useful. And you did not mention anything about condensate gas
How about we don’t buy any oil so the oil companies finally go out of business
Like button obliterated
Stephen you don't have to beg. We will like your videos any time
AMINEX – got the license from Tanzania government. So this is the best time to invest
I wouldn’t invest directly in oil, like some of the turd ETFs that lose ! people a lot of money since the people don’t understand them, I would invest in oil company like an ETF with exposure to the majors that will survive a bad downturn
Me living on the other side of the world: WHAT?!
Happy late birthday sir
What price will it be next year?
03:42 backup backup… that slide doesn't show production, it shows EXPORT. US is the current no. 1 oil PRODUCER in the world, but it doesn't export as much as S.A and Russia.
I enjoy the videos, but every time you beg for likes I can't help but dislike. So damn cringey
Oil tanker companies had a field day. Up 20% in one day…
How do you get the oil?
Sorry, I listened but didn't hear the part where you talk about how to "GET PAID TO INVEST IN OIL" but I should be good because by the time my koi production starts up I will have sold half of them. Thanks!
tycoon_hackings on IG helped me
I got paid when i invested with tycoon_hackings on IG
Thanks so much tycoon_hackings on IG for the profit i got from you
With koi, but of course not petroleum, eat the surplus. Koi are just colorful mutant carp. Eurasians eat common carp. I'm sure it isn't as delicious as lingcod or even trout, but it is protein. Bony, slightly muddy protein.
hey graham. I dont think ur big into stocks but if u know anything about options trading could u make a video on that? i'm trying to get more insight of that type of trading! i trust ur word
Just watched this video now. My birthday is also on the 23rd 🙂
I love you're channel,, keep up good work!
I also recommend the following video with the evolution of the indices from the last 46 years.
https://www.youtube.com/watch?v=LKrP4yYcmiA&lc=UgwIpYbz7AjejS8pg2x4AaABAg
Happy birthday Graham!
You forgot a major point which koi fish I could just throw away if I want, oil on the other hand not.
It was a smart move buy Saudi Arabia to flood the market right now while demand is at an all time low usage wise
You going on and on about "smashing the like button" is so cringy it's the only reason I haven't subscribed.
What if I come up with an idea of selling diet water? Hmmmmmm, i wonder who will purchase? lol
Happy birthday!!
Title did not explain what too invest in starting not too like this page going to smash the dislike button
Every trade is mostly a metal challenge, the human instinct to hold losers and sell to winners, it's all mind games to really conquer the markets!