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  1. Senior Member
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    #1

    We could think of

    Could anyone please clarify for me the whole meaning of the phrase below?

    We could think of such factors as equivalent to a “negative” storage cost for oil in the form of a benefit to your business of having some oil
    in inventory, which is referred to as a “convenience yield”.

    Thanks


    Here is the source

  2. Tarheel's Avatar
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    #2

    Re: We could think of

    I wouldn't call it a negative storage cost. It is just a storage cost.

  3. Charlie Bernstein's Avatar
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    #3

    Re: We could think of

    It's micro-economics language. A negative cost is a benefit. The writer believes that having extra oil in storage will save the company money.
    I'm not a teacher. I speak American English. I've tutored writing at the University of Southern Maine and have done a good deal of copy editing and writing, occasionally for publication.

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