WSJ – Some nimble energy investors are making money off the steep slide in oil prices, dodging the hit that financial markets and oil producers have suffered.
Hedge-fund managers including the team of George “Beau” Taylor and Trevor Woods, and Pierre Andurand are among those who have reaped profits during the selloff by correctly predicting that rising global crude-oil output would overwhelm the market and send prices lower. They placed bets, known as “shorts,” that prices in the futures market would fall, and were guided by research that closely tracked the flow of physical oil from wells and pipelines to storage tanks and refineries.
