Kyle Bass: “We Are Certain To See $100 Crude Oil In the Near Future” (Hedgeye Investing Summit)

• Hedgeye
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  In this clip from the final day of Hedgeye’s Investing Summit, Hedgeye CEO Keith McCullough has a pro-to-pro conversation with the iconic Kyle Bass (Founder & Chief Investment Officer of Hayman Capital). Watch as they discuss alternative energy, oil pricing, and the unfortunate results of virtue signaling policies. “The galaxy brains that are running things think we can just flip a switch, throw up some more windmills, solar & hydro, and we’ll just switch [to alternative energy]. It takes 40-50 years for new fuels to take over at least 30% of the global fuel world. These things take multiple decades,” Bass explains. “We have virtue signaling and ESG mandates where these boards of even the big pension and endowment funds are just saying ‘Sorry, our board is saying no more hydrocarbons, we need to do more wind and solar.’ Well that is setting the market up for a crazy shortage.”

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