Social media is flooded with memes as crude oil price falls below $0:
Something unimaginable happened on Monday for the first time in history, US oil prices ended in negative as a supply glut forced traders to pay others to take the commodity. The prices of the best quality of crude oil in the world fell to “minus” $40.32 a barrel in New York. Not only is this the lowest crude oil price ever known — according to Bloomberg, the previous lowest was immediately after World War II — but also well below the zero-mark.
As nations around the world are going through lockdown, there is a drastic fall in the consumption of oil and producers around the world have continued to pump oil causing a fire-sale among traders who don’t have access to storage. At this price, the seller would be paying the buyer of crude oil $40 for each barrel that is bought.
Thankfully, the oil prices did bounce back in a couple of hours and traded above zero at $1.10 a barrel, but social media was already going crazy over the fact.
Netizens then started comparing the price of one barrel of oil against other everyday items. Some people said a barrel of oil is now cheaper than a roll of toilet paper or a Bisleri bottle, and the hashtags #OilPrices and #CrudeOil were trending on social media.
Desis and Vdesis soon joined the memes marathon:
Here is how people reacted to this news:
Crude oil price right now : pic.twitter.com/eLwOmPHyH6
— ㅤ ㅤ ㅤ ㅤ ㅤ ㅤ ㅤ ㅤ ㅤ (@theesmaarkhan) April 20, 2020
— खरगोश (@meme__lame) April 20, 2020
Crude oil ke rates negative hogaye hai lakhon barrel le lenge, fir uske sath wo paise bhi denge fir pic.twitter.com/SeTeRzeNz5
— Mask 🎭 (@Mr_LoLwa) April 20, 2020
“Cruide oil prices gets low”
Me at petrol pump : pic.t
witter.com/o7K4qijRyf
— Aman (@humourously_urs) April 20, 2020
Crude oil right now#crudeoil pic.twitter.com/UbDNqFMIza
— Tweeting Quarantino ➐ (@rohitadhikari92) April 20, 2020
#crudeoil #OilPrices #OilCrash
*When you have recently filled your petrol tank of all your cars and bikes* pic.twitter.com/ToNUY0QHVJ
— JRism (@jiteshrochlani) April 20, 2020
Toilet Tissue Roll cost higher than the Oil Barrel in the US right now. #OilPrice #OilCrash pic.twitter.com/oeiQTvXnyg
— DoersFeed (@DoersFeed) April 21, 2020
#OilPrice #OilCrash #CrudeOil pic.twitter.com/QpNdWvXEkC
— Darsh Ambaliya (@darsh_ambaliya) April 21, 2020
“Oil has no worth. Just like me”
~ Anil Ambani pic.twitter.com/tiOQCaufxb— Sagar (@sagarcasm) April 21, 2020
Just ordered 10$ worth of oil and it’s coming #OilPrice pic.twitter.com/bFkWxhuo8h
— Chirayu Kapoor (@IamChiuKapoor) April 20, 2020
#OilPrice Finally something is cheaper than the Zimbabwe currency ! 🤑 pic.twitter.com/KeV9ml0dK0
— Ali (@AliAfSaleh) April 20, 2020
When you realise that the barrel costs more than the oil.#OilPrice pic.twitter.com/O9VfBQbGZb
— Sanyam Baid (@Sanyam_jain7) April 20, 2020
Netflix subscription is more expensive than a barrel of oil 😂#OilPrice pic.twitter.com/C2ypLVaRwu
— Abd El_Whab Abdelgawad🇪🇬🇪🇬 (@ehabashraf47) April 20, 2020
Year 2020.. pic.twitter.com/UWKcVWjhyc
— #HowFootballSavedHumans (@HowHumans_) April 20, 2020
I’ll buy a full tanker load of your finest crude oil, keep the change.#oilprice #OilPrices pic.twitter.com/TnTmcYOh2X
— Amresh Mandal (@resh_ami) April 20, 2020
#OilPrice#النفط
I have a feeling that 2020 Christmas will be the end of the world 😅 !Any suggestions on how to survive ? pic.twitter.com/UDPH4EmpfD
— F.S 🇰🇼🇦🇺 (@fdodi) April 20, 2020
I want to buy three barrels of Oil
#OilPrice pic.twitter.com/iEKtrKLc2a— Your Favorite Igbo Boy 🇳🇬🇬🇧 (@vuchi_) April 20, 2020
Me baithing with #CrudeOil after price falls below $0 #OilPrice #OilCrash pic.twitter.com/bTIufVZPQF
— Vrushabh Waral (@VrushabhWaral) April 21, 2020
#OilCrash #OilPrices #crudeoil
*Crude oil price gets low*
Arab nigga : pic.twitter.com/1gVIaXyAgw
— Raiyu🖤 (@raiya_rza) April 21, 2020
and yes Simpsons, predicted this also:
Oh my god Simpson predicted #OilPrice drop 😱😱😱 pic.twitter.com/hitFHS6c1s
— Phephe @ Silmisland 🍃 (@Phephelive) April 20, 2020
