Transcript
Introduction
Eric
My guest today is Daniel Dicker, a seasoned oil trader, former floor broker at the NYMEX and well-known expert on energy markets. Over his three-decade career, Daniel has seen the full arc of oil's role in financial markets, from a bellwether commodity to a sideline input. In this conversation we explore why oil has fallen off the radar for many investors and what signs might bring it roaring back. We also discuss why renewables aren't ready, how nuclear fits in, and the unexpected reasons he might start buying oil again. Please enjoy this conversation with Daniel Dicker.
Eric
Well, right now it's a lot less important than it was in the past. I've been in this business 40-some-odd years, and when I first came in, oil was a huge part of the American economy. It was almost 35 or 36% of the S&P 500 was energy cap. That was really a very big part.