• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 26 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 14 hours "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 6 hours Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 2 days Did China cherry-pick the factors that affected the economic slow-down?
  • 45 mins Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 18 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 21 hours Are you aware of Oil Price short videos on our energy topics?
  • 1 hour The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 1 day Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 1 day NordStream2
  • 411 days Class Act: Bet You've Never Seen A President Do This.
Building The World’s Largest Wind Turbine

Building The World’s Largest Wind Turbine

The wind energy revolution is…

Oil Falls From Multi-Year Highs

Oil Falls From Multi-Year Highs

Oil prices reversed course on…

Bearish Hedge Fund Manager: ‘Nothing Can Save Oil’

The oil industry is in a terminal decline, hedge fund manager James Jampel told Bloomberg on Friday, noting that this year’s rise in oil stocks has been “the biggest dead-cat bounce in history.”

Jampel, who manages the HITE Carbon Offset hedge fund that aims to profit from decarbonization by “shorting decarbonization losers”, is extremely bearish on oil, despite the 33-percent rise of the S&P’s energy index this year.

The oil industry will be the loser of the energy transition, says Jampel, whose $187-million hedge fund is focused on shorting the most overvalued and vulnerable stocks in the carbon value chain, such as producers, transporters, marketers, processors, and users of oil, natural gas, and coal.

“Industries where volume is declining, where demand is declining, have a lot of trouble making money,” Jampel told Bloomberg in an interview published on Friday.

According to the hedge fund manager, nothing can save oil as the energy transition will only accelerate from here thanks to improving technologies for alternative energy sources.

Despite being short on oil, Jampel isn’t long on renewable energy and renewable assets.

“The reason we don’t do that is because that kind of fund would be far, far too volatile,” the hedge fund manager told Bloomberg.

Jampel’s hedge fund is betting that the broader market will outperform old energy.

This year, inflows into U.S. large-cap energy funds have jumped as oil demand started to recover and oil prices reflected this recovery. Last week, the Energy Select Sector SPDR ETF (NYSEARCA:XLE) saw the fourth highest inflows into U.S. large-cap funds at $1 billion.

Shares in several U.S.-based oil firms have provided more than 100-percent returns so far this year, excluding dividends. The five top returns were Antero Resources Corporation with 206.6% year-to-date share return as of last week, Range Resources Corporation with 182.8%, Continental Resources with 157.5%, Magnolia Oil & Gas Corporation with 136.7%, and PDC Energy with 114.6%.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Fred bear on September 27 2021 said:
    Hedge fund manager getting short squezzed squealing in pain and lashing out. Not a manager for long.
  • Maarten De Vries on September 26 2021 said:
    So you’re now saying it’s in terminal decline again. Maybe where you live it is.

    Well, let’s just watch this space and see shall we.

    As far as I can tell, the Middle East and Asia are gearing up for a bright future and investing heavily in their oil industries.
  • Curtis Bader on September 25 2021 said:
    Imagine investing 187m of other people's money based on feelings. Not only is he wrong about the fossil fuel demand side of his thesis, he's also counting on some future technology (fusion, perhaps) to not only become available, but also to be financially competitive and be widely adopted before his hedge fund runs out of money. Not only that, but we're in a market where short positions based on reasonable thesis' are getting clobbered by the Wallstreets Bets crowd (AMC, BB, etc). Just my 2 cents and I'm an idiot, not as much as an idiot as this fund manager though.
  • Robert Berke on September 25 2021 said:
    All this while he's losing everything as oil prices have tripled in a year, and show no signs of weakening.
  • Mike s on September 25 2021 said:
    Guess this fund is about to be squeezed out of all the 13 filings
  • Arch Region on September 25 2021 said:
    Now that clean health giving renewables are less expensive, any spike in fossil fuel prices does not simply result in unexpected windfalls, vast monetary gains for the fossil fuel economy. It also incentivises more rapid transition to clean renewables heisting the end of toxic misery for our planet. The end of fossil fuels will come faster than anticipated.
  • Big Bazooka on September 25 2021 said:
    He is obviously losing big! lol

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News