27.09.2016 - Commodities, Fines and Steak
As far as I know there are no capital requirements for trading oil. Planet Money bought and sold some oil this year, and they are a public radio show. Bloomberg's Tracy Alloway bought some last year and sold it to Izabella Kaminska, who then defaulted on the trade. If you wanted to get into the oil business and borrowed $45 from your mom to buy your first barrel, that would be fine. There are of course lots of environmental regulations, and you'd probably need insurance to drill it up or move it around, but the basic capital structure of the oil industry - how much of the money comes from shareholders and how much is borrowed - is a private decision, a matter for negotiation between companies and investors and banks............................................Full Article: Source