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Hello and welcome to another episode of the Adlots podcast. I'm Joe Weisenthal.

And I'm Tracy Alloway. Tracy, you know, it was really crazy.

You're going to have to narrow that down a little bit, but what, what is really crazy?

Do you remember the day when oil went to negative $40 a barrel?

Oh, yeah. It feels like absolute ages ago, because I guess it was, I guess it was in April 2020.

And I do remember partly because a bunch of people started tweeting at me about whether or not

they should buy oil and like store it under their bed or in their basements or something.

All right. I guess because you're the only person anyone knows who has ever actually acquired

physical oil. For listeners who don't know, Tracy had it next to me on her desk, a bottle of oil.

And apparently it wasn't good to get into that. Yeah, a bottle of extremely toxic oil.

So the short answer is had you bought oil in April 2020, you probably would be doing reasonably

well right now because oil prices have gone absolutely bonkers. But that said, storing oil is a big hassle

and I wouldn't recommend it to anyone. But yeah, it is kind of crazy how we've swung from people

wanting so little oil that, you know, they're actually almost paying people to take it off their

hands to now people seemingly cannot getting enough of it. That was so insane. It's actually the

more I think about it, the more crazy that time was. But exactly right, you know, there's only so

much oil storage capacity. And if demand just essentially goes to zero in a matter of weeks,

then suddenly you might have a situation where people are paying it. I don't think anyone like really,

I don't think very many players actually were able to acquire oil that cheap. Maybe a few trades

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