Oil COLLAPSE - Get Paid To Buy Oil With Negative Oil Prices

We were already seeing the oil crisis, now well, it seems that we are seeing the

collapse

of the oil market, what is happening? Everyone, I'm just Singh, and welcome to the minority mentality, we broke a lot of records during this 20/20 economic crisis, but this oil crash is definitely one of the five most interesting things that can happen, as this is right up there with People selling toilet paper on the streets on April 20, 2020. For the first time in history, oil

prices

fell to

negative

$37 and 63 cents per barrel. That means some oil producers are willing to give you a barrel of oil and give you thirty-seven dollars and 63 cents to take it with your hands.

Hey, thanks for the money. It was nice doing business with you. We are seeing a short-term oil

collapse

. Like we've never seen in history, the United States has never seen

negative

oil

prices

like this before, so in this video I'm going to talk about this oil crash, so make sure you watch this video until the end because you want to know how you can take advantage of what's going on, but before we get into that topic, hit the thumbs up button below because if you don't, YouTube won't share our video with anyone else. Subscribe to the minority - a YouTube channel that way you won't miss it. our new financial education videos every week and hit that little notification bell, because if we don't, YouTube won't let you know when the new videos are posted.

The price of oil, like everything else in the world, is determined by supply and demand when many people want oil but there is not as much oil available then the price of oil goes up but when you have a large supply of oil and no one wants, then the price of oil drops when these blockades started everywhere. the world people stopped driving to places people stopped flying to places and companies stopped operating so demand for oil around the world plummeted, this worried the big oil producers, Russia and Saudi Arabia , who are some of the largest oil producers in the world, because I don't want oil prices to crash because that's how they make money.

It got to the point where China had to literally turn away tankers because they had so much oil there, that's when Russia and Saudi Arabia decided to have a friendly meeting. to discuss reducing oil production that way there would be less oil supply in the world, well at some point during the meeting Russia got angry and they stormed out of the meeting, went home and started increasing production of oil. instead of decreasing oil production Nassima Saudi Arabia got offended and said "You think you can't produce me" so they started increasing their oil production now that the world had a massive supply of oil with no demand and first two things happened .

People started commenting on Snapchat about gas prices: 97 cents per gallon of gas. I'll take it, and secondly, American oil companies

paid

the price, literally. Low oil prices are really good for you and me because we were able to fill up our gas tank at a really low price. my gym is still closed and no one wants to see me but it's not good for the American oil companies and the people who work for these oil companies when oil is selling for 30 dollars a barrel the oil companies are not happy because they don't make money now . They are pumping oil and they are selling it and they are barely surviving when oil drops to 20 dollars a barrel, then the oil companies start to get desperate because now they are worried about bankruptcy because they are losing a lot of money for every barrel they sell and that is which led to the bankruptcy of North Dakota's Witek oil in early April 2020.

I am recording this video on April 20, 2020 and for the first time in history the price of a barrel of oil has fallen below 10 dollars a barrel below zero dollars a barrel to negative 37 dollars a barrel, you mean I can get

paid

to pump gas, not exactly fucked up West Texas Intermediate. Oh, futures for May 2020 and negative $37 per barrel on April 20, 2020, let me translate what that means. no company wants to buy oil in May 2020, which means that short-term oil demand is at rock bottom, at the same time oil supply is very high here because there are countries like Russia and Saudi Arabia. producing so much oil and there are American companies producing oil, see if there is all the supply and no demand, which forced the price of oil to fall to negative 37 dollars per barrel.

Someone please take my oil. I will pay you this point. You're probably wondering: wait, why would an oil company pay money for someone to keep the oil? Why don't they keep it and sell it later, when people really need oil? more oil and they literally have nowhere to put it anymore, so they just need to get it off their books and are willing to pay people to get it off their books. It's kind of like the housing crisis of 2008, when banks were literally selling houses. for pennies on the dollar, like houses that once cost suddenly $120,000, we're now selling them for $30,000 because the banks just wanted to get these foreclosures off their books, so they were willing to sell them at a huge loss.

This oil price war started in March. Just when this pandemic really started, it was heard in the United States, but then everyone thought that this oil price margin was okay because on April 12, 2020, Russia and Saudi Arabia reached an agreement to reduce oil production, even President Trump came out and tweeted that. He wanted to thank OPEC, Saudi Arabia and Russia for their incredible oil deal. Well, the oil deal ended up biting the oil companies in the gas tank because it said that Russia and Saudi Arabia would agree to cut oil production, but then in fine print it said that these companies will only begin reducing oil production in May 2020, not immediately, which is when these companies needed them to start reducing oil production, so right now no one wants oil, so oil demand is at rock bottom in the At the same time, the supply of Oil continues to rise because countries and companies continue to produce oil and at the same time, to create the perfect storm, there is no space left to store this oil and the perfect storm has just been created for an oil collapse at least in the short term, If someone wants my oil, now I will pay them more money and to make matters worse, reports say that Saudi Arabia has another tanker truck with oil on its way to the United States because this truck was scheduled to arrive before this oil deal was signed. before this. 2020 crisis, the lowest oil ever sold during a crisis was $10 a barrel, so you can really say that 2020 is the record year before we talk about how you can capitalize on this oil collapse, let's talk about what this It means, well, for you, there is a good chance that you could see the price of a gallon of gasoline go up even more poor oil companies, they have a very difficult 2020 ahead of them, nothing major is really going to change unless the supply is cut off of oil or that the demand for oil increases, but that is not the case.

It doesn't look like oil supply is going to shrink until at least May, unless something happens between now and then, and it doesn't look like oil demand is going to increase and give these locks and bridges another big question mark, Unless you play the wild card and you'll see what I mean with oil selling at prices below zero, you now really run the risk of hundreds of oil companies going bankrupt and tens of thousands of people losing their jobs. I mean, imagine if you were paying five dollars. to create a floppy disk and then pay people twenty dollars each to remove your neglected disks, you won't be in business for long and why do I still have a floppy disk in my office that leaves the wildcard? because right now in 2020 we've already seen huge past bailouts and we've already seen huge stimulus measures passed by the government and President Trump doesn't want to see oil companies fail, especially during an election year, which means he could pull back The wild card The wild card is that the government and the Federal Reserve will step in and work to rescue the oil industry, especially if there are massive bankruptcies on the horizon.

Some reports say that President Trump will incentivize, that is, pay, oil companies to stop producing oil this year. will put more pressure on the government to open the economy and businesses so that people start using oil and there is a possibility that the Federal Reserve will print a lot of money to provide more financial assistance to the oil industry now, before get into the matter. could potentially capitalize on this oil crash if you want to stay up to date on what's happening in the world of finance and business with news like this we have the free minority mindset newsletter where our team takes a first look at the top finance and business news. and then we show you how this news affects your wallet that way you can be smart with your money and we email this newsletter to you every weekday morning at 7:30 a.m. m.

EST and it takes less than five minutes to read the newsletter, so if you would like to start receiving a newsletter, you can do so by clicking the link above or by clicking the link in the description below and by True, our financial news emails are different from our financial education emails. Good, now you receive it. "We're looking at a near-term collapse in oil, what can you do about it now? Personally, I like green energy. That's the future, but realistically, oil isn't going away anytime soon, so there's a good chance that when these blockades end, you." We are going to see the demand for oil skyrocket, many companies are still dependent on oil so you can expect that when these lockdowns end companies will start buying oil again, that's what a lot of people are moving there, they do contracts for June or July to start buying oil, which is what May hit so hard, this creates an opportunity in the energy space in the oil space because the oil companies and the energy companies are going to be hit hard at least in the short term, so if you are investing in these companies you need this, this is a must, you need to make sure that the companies that you are investing in have a lot of cash available so that they can draw on these cash reserves because we don't know how long this will last crisis or collapse.

Lastly, I want to say that it is quite likely that many oil companies will go bankrupt in the next 12 to 18 months, so you should make sure that you do not invest in one of these companies, but it is likely that not all oil and energy companies are going to do so. . bankrupt, I mean I don't think the government is going to let that happen, let me remind you that investing has risks, you are never guaranteed to make money when you invest, you could even lose money when you invest, so make sure you always do your own thing.

Do your own due diligence and don't blindly listen to some random guy on YouTube, so one thing you can do is potentially negotiate with oil and energy companies, but again you need to make sure they have plenty of cash on hand and if they don't ago, If you don't know how to search for it, you can go to a website like Finance Day yahoo.com and enter the company you want to check and go to the finance tab and then you can check the balance sheets and cash flow statements secondly . You can consider investing in energy index funds now instead of continuing to try to find the best company to invest in and risk all your money going bankrupt.

You can invest in a fund that has exposure to a handful of oil and energy companies and Third, you can look for buying companies. We already know that oil demand will likely be higher in July. That's what the futures contracts are telling us right now, so there's a good chance you'll see major companies or investments. Companies come and buy tons of barrels of oil for sale and then store it and sell it in the future when people want it or just use it themselves. This strategy is a little more difficult for the average person because I have a feeling that your neighbors wouldn't be very happy if you filled your backyard with barrels of oil, but you could invest in the oil companies that rented their space to other people for them.can store their oil because they will probably see a huge increase. in demand at least in the short term again always do your own research the key is you need to make sure you do your own research and again if you want to stay up to date on what's happening in the world of finance and business.

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