Negative Oil Prices Arrive: Koch Brothers’ Refinery “Pays” -$0.50 For North Dakota Crude

by Tyler Durden
ZeroHedge.com
01/18/2016

Do you have some extra space in your garage or attic? Or perhaps you own an oil tanker you aren’t currently using. Or maybe you have a storage unit that’s got a little extra room next to an old mattress and box springs.

If so, you may want to call up oil producers in North Dakota and ask if they’d care to send you some free oil, because the crude glut is now so acute that the Koch brothers are actually charging $0.50/bbl to take low grade oil at their Flint Hills Resources refining arm.

The Rest…HERE

This entry was posted on Monday, January 18th, 2016 at 12:37 pm and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.