So US oil, the #Oilprice, or May WTI, or West Texas Intermediate, or what-have-you, crashed to a ridiculous negative-$40 today.

So a few things.

1. No, you aren't going to be paid to fill up your gas tanks, it doesn't work that way.

2. Yes, this means oil prices should keep dropping.

3. No, this is not normal.

4. Yes, I'm as stunned as all of you.

5. No, you can't start buying oil barrels and putting them in your garage.

6. Make sure you look at the June oil contract. That's trading at $20 a barrel. That reflects a fairer value right now - even with this craziness.

7. This May action is a warning for those getting into the June contract.

8. Why? Because we'll still have a massive, massive glut of oil. And if we do - this is going to be repeated.

9. Why? Because right now, there's nowhere to put the oil. So if you can't do any of the Lloyd Dobler things - buy, sell, or process it - you can't use it. #OOTT

10. Brent crude is still trading at $25 a barrel. Why? Because there's lots of storage out there in the world. So there are places to put oil out there. Not here. Not in the US.

11. Is anyone going to war over this? Er, probably not. Again, the Saudis are selling theirs.

12. So this is a very, very strange occurrence that we're having here - we went $20 to nothing or less than nothing because WTF man. #OOTT