needmoney90
Short

Oil (for immediate delivery) to $10 on supply glut

NYMEX:CL1!   Light Crude Oil Futures
253 0 2
This trade is a prediction, instead of an actual trade I'm taking. I believe that if crude oil             supply keeps dwarfing oil             demand for much longer, we're going to run out of storage space, and oil             for immediate delivery will sell for a fraction of its true value. How long the immediate delivery prices will last, I don't know, but I doubt I'll be able to capitalize on that kind of trade in a futures contract (as oil             prices would likely be in heavy contango, and I can't store oil             ). Does anyone know where I can buy contracts for oil             storage facility space? I see the costs soaring in the future..
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