by Rick Moran, PJ Media:

The collapsing world economy has driven the price of oil into negative territory for the first time in history. Crude oil futures for May plunged below $0 for the second day on Tuesday, after they closed at a negative $37.63. In practical terms, that means that “anybody who is supposed to receive a shipment of American crude but doesn’t want it will have to pay somebody else to take it.”