How to to take physical delivery of oil (WTI)? (Retail Investors)

maxinger said:
It should be fun.
Then I will find way to sell it from homestead.

Of course I must do lots of research before doing it
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Dude, I'm kidding. You have to go to Cushing to get it. After you rent your tanker-truck to fill up your 42000 gallons (per contract!) Mreh, the hell you going to do with that crap? If the EPA catches wind on what you are doing, they'd prolly fine you for more than what the crude is worth. Unless you got it on the cheep!

 
Overnight said:
If you take physical delivery of it into your homestead, it will kill you.
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The thing is, you also have to arrange for/pay for delivery TO your homestead. Seller isn't buying train/semi capacity to take this stuff to your doorstep.

Dont' mess with commodities futures without reading the contract, and also your broker's contract.
 
zoned_post_meridiem said:
The thing is, you also have to arrange for/pay for delivery TO your homestead. Seller isn't buying train/semi capacity to take this stuff to your doorstep...
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Yah. It means you drive the truck.

After you rent your tanker-truck to fill up your 42000 gallons (per contract!) Mreh, the hell you going to do with that crap?

Whatever. Redundant silliness.
 
if you live in the Phoenix area there is a real opportunity opening up. Phoenix could become a distant suburb of Cushing Oklahoma. There are so many back yard swimming pools that can be drained in 24 hours to make ready for delivery of the April Contracts that will be delivered in May. A little supplemental income from storage would be real nice about now for all those Phoenix families. You might have to team up with your neighbor to store an entire contracts worth -- only a 1000 barrels. But hey, half a piece of cake is better than none.
 
piezoe said:
if you live in the Phoenix area there is a real opportunity opening up. Phoenix could become a distant suburb of Cushing Oklahoma. There are so many back yard swimming pools that can be drained in 24 hours to make ready for delivery of the April Contracts that will be delivered in May. A little supplemental income from storage would be real nice about now for all those Phoenix families. You might have to team up with your neighbor to store an entire contracts worth -- only a 1000 barrels. But hey, half a piece of cake is better than none.
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Do you realize how toxic Crude oil really is? This will never happen.
 
narafa said:
Or even how highly flammable it is.
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not to mention stinky. Honey what's that smell coming from. Oh don't worry honey I just rented out the pool for 18 months. Just be careful not to light the candles on the patio. :D
 
piezoe said:
if you live in the Phoenix area there is a real opportunity opening up. Phoenix could become a distant suburb of Cushing Oklahoma. There are so many back yard swimming pools that can be drained in 24 hours to make ready for delivery of the April Contracts that will be delivered in May. A little supplemental income from storage would be real nice about now for all those Phoenix families. You might have to team up with your neighbor to store an entire contracts worth -- only a 1000 barrels. But hey, half a piece of cake is better than none.
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And it's not just hard profits. Take some paper plates, thread a wick through a small hole in the middle, and you've got some floating candles to beautify your backyard.
 
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