https://outline.com/meyY6X
outline.com is cool. Did not know about this service. It seems it uses https://hypothes.is/ (btw. open source) for annotations too. Cool.
I tried to buy an actual barrel of crude oil (2015)
51–60 of 165 posts
Re: I tried to buy an actual barrel of crude oil (2015)
#52Earlier quoted context omitted.
Yes but it's not clear how to get it right.
If you auto merged the comments from the last time, in theory they would quickly fall to the bottom because their time based value would be so much lower than the new stuff. Maybe also disable replies to old comments and make them a different color? To be fair, we could never figure out how to get this right on reddit either, but HN has a better comment sorting algorithm than reddit so it might actually work here.
Why do you want to discourage replies to old comments?
Re: I tried to buy an actual barrel of crude oil (2015)
#53Earlier quoted context omitted.
Schwab allows retail investors to buy junk bonds. I bought one a few weeks ago.
Really? Care to share your experience/details?
Fidelity allows one to do so as well. The interface is a bit different from trading stocks (no intraday charts, additional fundamentals like YTM/YTW) but not exactly obscure. You search for a bond, type in a bid, quantity, and hit buy. The coupons show up in your account every few months.
Re: I tried to buy an actual barrel of crude oil (2015)
#54Earlier quoted context omitted.
> When the price went negative, it made me wonder if I could legally take delivery of barrels of oil in my back yard. Typically, the exchange contract is quite specific about where and how delivery can be made, and “in barrels shipped to your backyard” isn't an option. See, e.g., the delivery procedures here: https://www.cmegroup.com/trading/energy/crude-oil/light-swee... Also, “barrels” are just a (traditional for t…
You've dashed all my hopes for a quick buck, but thank you for the enlightening information!
Re: I tried to buy an actual barrel of crude oil (2015)
#55[deleted]
Re: I tried to buy an actual barrel of crude oil (2015)
#56Earlier quoted context omitted.
Also a junk/high-yield bond https://www.npr.org/2020/02/19/807544557/meet-our-junk-bond
Schwab allows retail investors to buy junk bonds. I bought one a few weeks ago.
What happens in the event of a default? I would have thought that your broker would zero it out, but I remember hearing about someone buying a worthless bond from a friend for like $1 once as a favor.
Re: I tried to buy an actual barrel of crude oil (2015)
#57Earlier quoted context omitted.
Actually, I think the real players have already been doing this for a few weeks. If there's a buck to be made, you can bet someone is on it. I was wondering whether they couldn't rapidly build some new storage (cost-effectively), but probably the answer is no .
I'm not sure there's much of anything that will get the NIMBYs riled up more than a million barrels of crude.
Who does want a million barrels of crude in their back yard? As a very rough estimate, you'd have to stack them the better part of a mile high in mine.
Re: I tried to buy an actual barrel of crude oil (2015)
#58Earlier quoted context omitted.
> Maybe environmental issues? Amongst others. It's not enough to just dig a hole in the ground, you have to make sure it doesn't seep into the ground as well. In addition, you have the always present risk of fire...
Unfortunately, right now it seems that there is incentive out there for oil to "go missing" for a profit -- presumably at the cost of the environment. I'm curious if anyone is thinking about trying to replace their fracking fluid with oil for a while...
Why don't the producers turn down the output? Does it cost more money to produce less? Is it mutually assured destruction? A game of chicken? This is so weird.
Re: I tried to buy an actual barrel of crude oil (2015)
#59Discussed at the time: https://news.ycombinator.com/item?id=10499297 Edit: Such links are simply for the curious. Reposts are ok after a year: https://news.ycombinator.com/newsfaq.html .
have you considered some kind of presubmission check for this? even just to inform users without actually screening, and then auto appending previous discussions if submitted?
That would probably be helpful for informational use, but it seems to me like it would be frustrating to dump new comments into an old discussion. Maybe just a way to add a link to reference the prior discussion(s) like helpful people often do?
Re: I tried to buy an actual barrel of crude oil (2015)
#60Earlier quoted context omitted.
Just with a cursory "oil tanker for sale" search, they appear to be for sale in the $10-20MM range.
Just make sure they don't sell it to you already filled with "thank you" oil...
I mean... Free oil is still free oil, and worth something in the future. Just not as much as being paid to take oil :)