To dig ? :facepalm:But the holes already exist. Those from which oil comes...
most of the people trying to sell are speculators with no actual storage capacity.
Aaaaaahaha! This is gonna be fun! I'm not going to have a shred of pitty for those no-value-producers whatsoever! :lol:
I used to think the same way, but speculators *do* provide value:
1) They assume risk for more risk-averse parties.
2) To manage that risk, they do analysis and research that other parties might not have the time or resources to do.
3) They connect buyers and sellers that might need to buy and sell at different times.
Through all of the above, they flatten out variations in prices.
Interesting. I know the concept you describe, but I have never considered them speculators. To me, that kind of job always went under the classification "broker". Who's job involves a lot of speculation, true, but they mitigate that, as you said, by analysis and a whole lot of networking, which *is* a valuable service. Somehow I always classified the term speculator purely as people that buy stocks or futures that they think are going to go up, sit on them a bit and try to guess the best moment to sell them again.
I guess I'm having a language issue here, since in german a "Spekulant" is pretty much the second, while the first is called a "Makler", and they're usually not lumped together...
With coronavirus putting households around the world in lockdown, can the English "plague village" of Eyam, which quarantined itself for more than a year, offer us lessons on how to fight back?
As a nightmare tale from history, Eyam's ordeal takes some surpassing.
When plague arrived in September 1665, rather than flee this wild corner of Derbyshire - and risk spreading the infection - villagers locked themselves away to suffer in isolation. And suffer they did.
And the next fun with COVID-19: The recommended medicine by Dr. Trump seems like it does not work at all, it might even increase the lethality.
An association of increased overall mortality was identified in patients treated with hydroxychloroquine alone.
It wouldn't mean that the drug actively increases mortality, but "merely" that it does jack all to reduce it. Hence, patients treated with *only* that drug, have a higher mortality than patients that received other treatment.
ARE YOU TELLING ME THAT OUR PRESIDENT ISN'T A MEDICAL SAVANT?And the next fun with COVID-19: The recommended medicine by Dr. Trump seems like it does not work at all, it might even increase the lethality.