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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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26346191 No.26346191 [Reply] [Original]

>invested in oil futures when they dipped in march
>didn't realize physical delivery was an actual thing
what the fuck do I do biz? I'm going to have hundreds of barrels of oil on my hands

>> No.26346234

>>26346191
are you a total fucking retard?

>> No.26346254

>>26346191
SELL DUDE CASH IT NOW WHERE THE FUCK DID YOU BUY THAT SHIT

>> No.26346277

>>26346191
Don’t waste the opportunity anon open a refinery

>> No.26346288

pour it into a pool and go swimming

>> No.26346293
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26346293

>>26346191
you could sell to a factory that makes plastic

>> No.26346316

Oil is about to jump by 1000% when Biden stops all oil fracking and drilling.

>> No.26346317

>>26346191
Burn it at midnight m8

>> No.26346318

>>26346191
Refining is really easy even villagers in Indonesia do it on their own

>> No.26346331

drink it

>> No.26346339

drink up nigga

>> No.26346351

>>26346191
Dump it in the lake, its going there anyways.
Cut out the middleman jew

>> No.26346363

>>26346316
>Implying he's actually gonna take real action on any of his platitudes
Nothing ever happens

>> No.26346373

no seriously guys what the fuck. my parents are literally going to murder me. i thought all futures are settled in cash is there any way out?

>> No.26346395

>>26346316
and bans all internal combustion engines ... wait ...

>> No.26346411

>>26346373
You can pay someone to take it instead but that's really stupid. It's like paying someone to take your gold.

>> No.26346423

>>26346373
answer is simple ... pay someone a lot of money to take it off your hands.

>> No.26346467

>>26346191
Based retards.
Shit is toxic, though, don't even think about storing it - sulfur fumes will kill you.

>> No.26346488

>>26346191
how do you even do that i thought it was reserved for refiners and companies?

>> No.26346587

>>26346467
Sweet crude doesn't have sulfur learn2oil

>> No.26346641

>>26346395
Oil is not only used for your rusty bucket, retard. It is the main chemical commodity.

>> No.26346651

>>26346191
>>26346373

where are you based?

>> No.26346661

>>26346587
>doesn't have sulfur
Wrong, it just has less than usual.
And oil is toxic even without sulfur anyway.

>> No.26346763

>>26346661
Explain freelance refiners in small villages in Asia and Africa? They sure don't have any PPE.

The crude this nigger is receiving is already processed it won't kill him

>> No.26346788

I'll take it off your hands, email me bnsadface@gmail.com

>> No.26346911

i'm laughing so hard. i believe you, i just wish we had some proof that this is happening.

>> No.26346944

>>26346651
Based on what?

>> No.26347142

Pls be true

>> No.26347209

>>26346191
Fish fry

>> No.26347403

>>26346944
i mean where are you, like what country?

>> No.26347424

>>26346944
Hello pajeet

>> No.26347495

>>26346191
Lmao thanks for the laugh OP

>> No.26347558

>>26346191
They call that stuff black gold for a reason. How many hundreds we talking about? Is it crude oil or refined?

Dont get rid of all of it immediately that, stuff is took millions of years to be created and they arent making anymore. You hit the jackpot

>> No.26347590

>>26347558
this
literally just hodl them for 10 years

>> No.26347642

>>26346316
1st of all he can only ban it on federal lands

2nd of all it would only hurt production in the States. The rest of the world will prduce just fine

>> No.26347710

>>26347558
Maybe a fucking decade ago. There isnt a concern about peak supply anymore anon. Hell even the oil industry is more concerned about peak demand nowadays.

>> No.26347908

>>26347710
"Peak oil supply" was never about actual resource exhaustion it was about overwhelming the supply lines.
We're nowhere near exhausting the earths supply of oil

>> No.26348009

>>26346191
They'll throw a pipeline through your window and start pumping oil into your house dude sell it NOW

>> No.26348143

>>26346373
mf about to get grounded for oil

>> No.26348252

Post proof op I'm fucking crying. This has to be a larp.

>> No.26348279

>>26346641
45% of crude oil is used to make gasoline you absolute retard.

>> No.26348386

>>26346191
wtf fucking HOW lol

>> No.26348433

im lmfaoing so hfucking hard if this is true

>> No.26348438

This is bait but if OP posts proof it will instantly be in top 10 threads of all time.

>> No.26348480

>>26346191
Come on OP post proof

>> No.26348538

OP PO PRO!!

>> No.26348545
File: 1.59 MB, 2267x3000, George-W-Bush.jpg [View same] [iqdb] [saucenao] [google]
26348545

>>26346191
It seems we have reports of terrorist cells taking hold within anons house. We are sending the marines in to liberate anyone there.
The oil is incidental.

>> No.26348720

>>26346191

Hahaha!

>my sides

>> No.26348759
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26348759

Wait are you serious? I thought it was just cash?

Bros...

>> No.26348896

>>26348438
>yfw they start delivering barrels of oil to OP's house

>> No.26349025

>>26348438
Shit dude it would be THE top thread if we got pics of the delivery. Would be amazing.

>> No.26349133
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26349133

>tfw made made huge profit
>paid in fucking oil

>> No.26349205

OP, what Futures Contract was your dumb ass trading? Hope it isn't the full size /CL. That's a delivery for 1,000 55-gallon barrels. Kek!

>still laughing

>> No.26349348

>>26348438
imagine trying to sell his barrels as fast as he can to /biz/

>> No.26349385

I bid $9.00 per Barrel, OP! Whaddya say, chum?

>> No.26349634

>>26346191
Just sell the contracts to someone else lol

>> No.26350057
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26350057

>>26346288
You died of Renal failure.

>> No.26350302

>>26346316
Ban acquisition of new fracking permits of which none have been applied for in 2 years

>> No.26350318

This isnt real is it?

>> No.26350331

>>26346373
...leafy?

>> No.26350409
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26350409

>>26350318
it can happen.
i once had a bunch of freight cars filled with rotting oranges after i watched trading places and thought that could be a cool money making idea.

>> No.26350411
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26350411

>>26346191
Cash it tonight
>>26346373
So the reason why oil was negative a while back is because ... >>26346423 oil costs money to store and handle.
Anyways buddy. Call your broker and tell them you need to dump those contracts asap at whatever price you can get.
Unless they're already perfected in which case. Uh, clean out the garage lmao

>> No.26350456

I work in the oil industry and it's basically common knowledge we've hit peak oil at this point. Don't invest in oil.

>> No.26350506

>>26346191
sell it on ebay as a job lot

>> No.26350519

You're gonna be rich. Oil is gonna be at least $150 a barrel by this summer thanks to Biden.

>> No.26350606
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26350606

Seriously though OP they are not going to dump barrels of oil in your front yard. They get delivered to a warehouse as specified by the exchange and you get a warehouse receipt for the quantity. It's a bearer instrument like old goldsmiths receipts. Means you can sell the receipt for the value of the oil, if you can find a buyer. Otherwise leaving it in the warehouse is going to cost you.
You could also go short for delivery and would be required to deliver to your counterparty. Arrange it with the broker.
CME was it? Call +13129303172
Regardless if your future settles they're gonna reach out.
>>26348545
related

>> No.26350619
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26350619

>>26346191
i think this was already covered in some msm blog.

>> No.26351027

>>26346191
Have the most epic bonfire of all time.

>> No.26351299

>>26346191
dip your toes in it

>> No.26351354

>>26346316
Obama didn't do it, so what makes you think Biden will?

>> No.26351410
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26351410

>>26346373
I will take the oil off you

>> No.26351961

absolute kek

>> No.26351991

>>26346191
larp

>> No.26352045

All of these newfriends and redditors need to lurk more before posting.

>> No.26352258

>>26347558
Its naturally created in the earth through the carbon cycle, you bought into the muh finite oil lie.

>> No.26352290

great thread

>> No.26352324

>>26346373
>mom found the oil barrels

>> No.26352329

>>26347424
>>26347403
>missing the joke
>calling other pajeets
I want plebbit to leave

>> No.26352362
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26352362

if i was a drawfag i would make a picture of a bunch of smug pepes dropping barrels of oil out of a truck on the front lawn of a pink wojak

>> No.26352400

>>26346373
Moooom, I have hundreds of barrels of oil again don't tell dad

>> No.26352416
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26352416

literally OP

>> No.26352452

>>26346191
How much for 1 real barrel of oil?

>> No.26352490

>>26348545
fuck, I laughed

>> No.26352667
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26352667

>>26348545
Ethereum? Is that a vegetable like uranium?

>> No.26353155
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26353155

>> No.26353289

>>26353155
checked and nice contribution

>> No.26353363

>>26353155
kek

>> No.26353647
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26353647

>>26353155
yesssss

>> No.26353680

>>26353155
Lmao

>> No.26353793

>>26348279
And the 55% left is used to make 100% of everything else.

>> No.26353808

>>26353155
Top kek. This is peak biz

>> No.26353812

Why didn't you roll it forward retard?

>> No.26353873

Don't you have to supply your own barrels too? Better buy a bunch of home depot buckets.

>> No.26353974

>>26347558
We're never going to run out of oil, anon. We've barely scratched the surface of what's available, especially using newer extraction techniques, and there's totally untapped reserves that the oil companies aren't even interested in exploring because there's no need.

>> No.26354012

>>26353155

>> No.26354047

>>26353155
Explain
>>26352362

>> No.26354106

>>26352416
kekd

>> No.26354177

>>26352416
Can someone shop oil barrels all over the room?

>> No.26354275

>>26346191
Donate them to the military

>> No.26354351
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26354351

>>26348143

>> No.26354354

>>26354275
No need. They'll be in Syria building the pipeline in the first 100 days.
https://m.youtube.com/watch?v=QH2-TGUlwu4

>> No.26354909

>>26347558
this
>100 barrels suicide stack
>1000 barrels to make it
>10,000 barrels generational wealth
don't blow this OP