Hacker News Reader

> Plus you can sell at a profit when prices rise, although you'll need a lot of storage capacity if you hope to earn anything remotely substantial.

You'll probably need a special license to sell oil in large amounts, considering the complications involved in storing, transporting, and disposing of it.

View on HN

Start an Uber for oil sales. You're not selling it, you're just enabling. Others can get licenses, or not. You don't have to care!

You’ve just reinvented the commodities futures market.

You can even take delivery in Cushing, OK if you want (but you don’t have to, as long as you roll out of the contract before the delivery date).

https://www.cmegroup.com/

https://www.cmegroup.com/trading/why-futures/welcome-to-nyme... (CME Light sweet crude WTI)

You actually need to tell your broker that you want full execution of the contracts otherwise the default is for your broker to sell the contract before delivery. And even so, your broker will expect ability to receive the shipment before they allow that liability to go unchecked

This is important! I’ve seen a friend have to take delivery of train cars full of eggs. Not a good time!

I would personally _love_ to hear this story.

Reply on news.ycombinator.com