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I’m sorry to hear that. Physical Commodities present some very unique challenges and have their own idiosyncrasies that can make them very dangerous to trade at times.

I think that SunTrader brought up an excellent point about “Force Majeur” lease provisions.

That’s why the 2008 Investment Bank bailout was so insidious. A corrupt industry got bailed out of their own gambling losses because they knew they had both political parties bought and paid for. And now, when government edicts shuts down most of the economy, and therefore the government...

That’s right. Look at Cheesecake Factory. They spent over $400M in cash in 2018/19 buying out a restaurant chain. Now they say they can’t pay rent on their stores :rolleyes:

In 2019, GAP foot traffic in their stores had dropped to the point that they were planning on closing 230 stores as outlined in calls to analysts.

The GAP had major structural problems long before 2020. Analysts have covered this well for quite some time now. Like who the hell shops at Malls in the 21st Century?

Since “The Greeks”, notably gamma,theta,delta, and vega quite literally comprise option premium - how does ignoring them allow you to enter “at a decent price”? How will getting a worse fill than what MM’s are bidding and offering help you out ? Unless you have a very specific opinion on SPY...

AI can’t fix a brutal reality: demand dropping at three times the pace of storage - concurrently Saudi Arabia flooding the world with cheap oil.

Nope. Spot cash and CFD's were coming off days before the May contract finally shit the sheets.

Well stated. warning, PSA: I just wanted to mention that when the market is moving you are going to have to reach into the order book and hit a bid or lift an offer to get filled. Back in my scalping days, when the market was really moving I used to point well into the DOM a few tics just to...

Yeah the severe prompt month Contango keeps on... :fistbump:

Or to drill down a bit - to maintain the global elite's hold on power.

More rural areas in America are already opening up - notable exceptions being churches, schools, concerts, and sporting events and the like. I've noticed increased automobile traffic in Tennessee, Mississippi and Arkansas. In less crowded areas I just can't see the government holding back...

A Pint of Nancy Pelosi's Ice Cream costs more than three barrels of Spot Cushing:D

Tell me how saving corrupt bankers - and indeed financing their bonuses, is morally superior to saving US domestic energy production.

No, US producers agreed to cut production along with Russia and Saudi Arabia. https://www.wsj.com/articles/saudi-oil-stranded-in-supertankers-as-backlog-piles-up-11587478831 OPEC is debating production cuts that would go beyond the historic oil pact they agreed to with the U.S. and Russia

Name one Private Company or elected official in high office who saw COVID-19 coming, correctly assessed its impact, and completely adjusted its' business model accordingly. Answer: Amazon... by default. And that's about it. Demand dropped at three times the rate of storage availability...

Sure, why not. Bush and Obama got to pick winners and losers in the banking and health insurance industry. (hint: homeowners and the individually insured were the losers)

This is what happens when politicians get monster contributions from corporations and both political parties decide that they are going to pick winners and losers in the bailout game.

Shale Fracking and Oil Sands you can. It's one of the few real positives about the methods.