Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Yesterday, President Trump declared that the negotiation impasse between the U.S. and Iran had placed the ceasefire on life support. These hostilities, with the effective closure of the Strait of Hormuz, have thrown the oil market into disarray and, with it, the risk of a further spike in energy prices. The Rabid Capitalist’s oil and gas majors portfolio (BP, SHEL, TTE and XOM) will remain a profitable refuge from the storm.
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