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9nGQluzmnq3M
6y ago
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Actually, we know exactly what a barrel of oil for delivery in May 2021 will cost ($33 at time of writing), and you can go buy some right now:
https://www.wsj.com/market-data/quotes/futures/CLK21
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abiogenesis
6y ago
The point is, you can buy some
right now
but you don't know if you will be able to buy at the same price next year in May.
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