Commodities and Capital
The discussion highlights the critical role of underinvestment in traditional energy sectors, which has led to significant market volatility and challenges in attracting capital. Jeff emphasizes that despite the recent bullish trends, the old economy is still struggling to deliver consistent returns, creating a complex landscape for investors. As oil prices fluctuate, the lack of capital expenditure in essential industries raises concerns about future production capabilities, hinting at a potential surge in investor interest as year-end approaches.In this clip
From this podcast
Odd Lots
Goldman’s Jeff Currie: It’s a Commodities Supercycle, and We Still Haven’t Hit Max Pain
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