could someone who understands petrochemical markets explain to me why oil prices swing so much? seems like it could be solved with storage; is building hugenormeous tanks just prohibitively expensive?
@sneak It's the price of futures, no one will actually pay you to take a barrel of oil away from them, but the expected return on oil futures has gone negative because traders won't touch them.
@sneak Ah, okay. Disregard, then. I have no specifics.
