Oil Trading ‘God’ Andy Hall Says Shale Has Experts Groping in Dark
- U.S. boom driving global growth but hard to model for market
- ‘There are a lot of variables we don’t have a good handle on’
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Andy Hall, the oil trader nicknamed “God” for his lucrative calls on crude, says the U.S. shale boom has made it far harder to predict global supplies.
That’s because shale producers are a lot more responsive to price swings than traditional explorers, but it’s not easy to tell how “thousands” of individual drilling decisions will impact global supply, Hall, 68, said in a Bloomberg TV interview Thursday. Traders face big gaps in gauging well and rig productivity, key factors going forward for the Permian Basin of West Texas and New Mexico.