If one of your children tells you that they want to become a commodity hedge fund manager —- tell them to try something else. Making money in that particular field is incredibly hard. Just ask anyone on the long list of commodity focused hedge funds which have disappeared over the...
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The rally in WTI oil prices that began at $42 per barrel in June 2017 and touched $77 in June 2018 (an 83% increase in a year) has fizzled in recent months. If you were wondering what took the air out of the oil market oil trading superstar Pierre Andurand...
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The human race hit a huge milestone in June 2018–for the first time ever, we used 100 million barrels a day of oil.  Demand is soaring because the world is growing more prosperous, especially in Asia.  And while there is still a lot of work to do, global prosperity has...
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It has only been two weeks since the OPEC/non-OPEC meeting and the deal they reached is already outdated.  If you blinked you would have missed it. What has happened is very bullish for oil prices. In case you did miss it…..the agreement that OPEC/non-OPEC came to on June 23rd was...
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I want to tell you about one of the most under-followed subsector in energy: US royalty trusts. This is a very timely introduction and update, because many of them will be announcing their next distribution either Friday July 6, or early in the week of Monday July 9.  I think...
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