The US Hole Holders Are Done at Zero

The June contract will have to get rolled between May 5th and May 8th. I'd be surprised if you saw something at all like we saw last week with that roll. If it's a minor loss minus 20 cents, they can cover it. It becomes minus $10 or something like that. Then it can start talking about some real money and real problems. Remember if there's a negative price, the US hole holders are done at zero. Somebody's got to eat that loss."