oil volatility EM 0714

Oil Volatility Is Down Because ‘The Engineers Won’: Goldman Sachs

With a tight global oil supply, Islamic militants threatening to disrupt oil in Iraq, the possibility of strong sanctions (or even war) against Russia, and other global tensions you would expect the price of oil to go through the roof. Instead it’s fallen from recent highs and is on par with year-end 2013 prices and volatility is approaching historical lows. According to Goldman Sachs head of global commodities research Jeff Currie it was only a matter of time before industry figured out a way to insulate itself from geopolitical instability.

“Either the technology or the politics had to change in order to create new supply. Think of it as a race between the engineers and politicians, [and] the engineers won

SORRY!

This content is exclusively for paying members. Sign up here

If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click chat


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Are you an intelligent investor?

ValueWalkPremium is a website and newsletter for smart investors like yourself. We focus on the latest hedge fund industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today for only a few dollars a day and get a 3 day no obligation trial with a targeted 20% discount coupon code.

Cancel anytime during trial and you are never charged.

Limited time offer: For first 50 subscribers

0