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.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
BIRTHDAY DISCOUNTS: UP TO 50% OFF FOR 48 HOURS ONLY:
2x Per Week Mentorship: https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/?product_id=1837685&coupon_code=17OFF
The YouTube Creator Academy: $200 OFF:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=200OFF
Real Estate Agent Academy: $200 OFF
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://the-real-estate-agent-academy.teachable.com/p/the-real-estate-agent-academy/?product_id=503039&coupon_code=200OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
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.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy have been earning $56,000 returns from my $8,000 investment every 14days with the help of Deborah Siebert😊❤️❤️
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This is exactly what needs to be stopped. But blocking cars and vandalizing museums is not the answer.
Now we are in 2023 and we have an energy crisis
really easy go to our page where there is the best and top broker for trade oil with low fees and all the regulaton needed…just check and dont waste your time to look arround we alrready did all the research
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
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?
I enjoy the videos, but every time you beg for likes I can't help but dislike. So damn cringey