American Oil Is Now Selling for Nothing. But Act Fast!

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.

Do you happen to have a big, empty tank in the vicinity of Cushing, Oklahoma? If so, this is your lucky day! You can literally buy WTI crude oil for nothing as long as you’re willing to take physical possession of it. Maybe you can even get paid to take it off someone’s hands. Welcome to the new world of COVID-19 plus international squabbling over oil production. We no longer have oil shortages, we have oil storage shortages.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate