{"id":1230686,"date":"2022-01-21T19:23:54","date_gmt":"2022-01-22T00:23:54","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1230686"},"modified":"2022-01-21T19:24:07","modified_gmt":"2022-01-22T00:24:07","slug":"exclusive-climate-change-backlash-hedge-fund-cashing-in-on-oil-and-gas-equities-as-fossil-fuel-sector-flourishes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-climate-change-backlash-hedge-fund-cashing-in-on-oil-and-gas-equities-as-fossil-fuel-sector-flourishes\/","title":{"rendered":"Exclusive: Climate Change Backlash &#8212; Hedge Fund Cashing in on Oil and Gas Equities as Fossil Fuel Sector Flourishes"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fexclusive-climate-change-backlash-hedge-fund-cashing-in-on-oil-and-gas-equities-as-fossil-fuel-sector-flourishes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1230686&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/01\/Fracking-California-Spotlight-getty-640x335-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p class=\"subheading\">Hedge fund CEO Josh Young is forthright about how he cashed in on climate change activists\u2019 hate for fossil fuels.<\/p>\n<p>\u201cPeople don\u2019t understand how much money you can make in things that people hate,\u201d Young <a href=\"https:\/\/www.ft.com\/content\/ed11c971-be02-47dc-875b-90762b35080e?shareType=nongift\">said<\/a> in a <em>Financial Times<\/em> article focused on hedge funds that are profiting on energy equities, including his Bison Interests investment company that reports say saw a more than 300 percent increase in value in 2021.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>\u201cWhat I\u2019ve been doing is owning the things that people absolutely hate,\u201d Young told Breitbart News, referring to the war on fossil fuels, including the Biden administration\u2019s efforts through executive order to shut down U.S. pipelines and<span class=\"Apple-converted-space\">&nbsp;<\/span>halt exploration and production of oil and gas on federal lands.<\/p>\n<p>Young explained the lucrative investments in energy equities that are being dumped by businesses, universities and other entities in the name of climate change and social justice.<\/p>\n<p>\u201cThere\u2019s still so much value for so little money [in oil and gas] versus what is available in the broader stock market or for other investments,\u201d Young said.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Bison Interests website explains the company\u2019s investment strategy this way:<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<blockquote>\n<p>We are leading experts in the oil and gas investment field, and we concentrate on dislocations in the marketplace. Headquartered in Houston, Texas, the heart of the U.S. energy market, our strategy is focused on outperforming in the public oil and gas space, over a variety of market conditions.<\/p>\n<\/blockquote>\n<p>Breitbart News asked Young about on how the climate change movement has put the focus on institutions and corporation\u2019s environmental, social and corporate governance, or ESG rating, leading to divestment from fossil fuels across the board while the demand for oil and gas here and abroad continues to grow.<\/p>\n<p>\u201cInstitutional divestment by pension funds, endowments, some billionaires, and others have depleted capital that would have been spent on development, leading to lower production than otherwise,\u201d Young said. \u201cDivestment and associated negative media narrative has suppressed the valuation of public companies and assets by depleting available funds to buy or hold these stocks, with valuations much lower than when oil and gas prices were last at these levels.\u201d<\/p>\n<p>\u201cFor example, oil is at levels last seen in 2014, but the XOP oil and gas producer ETF is down 50 percent,\u201d Young said.<\/p>\n<p>And the phenomenon that Young has taken advantage of <a href=\"https:\/\/bisoninterests.com\/content\/f\/bison-2022-oil-outlook-record-year-2022-outlook-duc-dilemma\">will continue<\/a>, according to a Bison Interests report:<\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<blockquote>\n<p>2022 is looking promising for the oil and gas industry on several fronts. Un-economic \u201cESG\u201d mandates by investment allocators and increasingly unfriendly policy and regulations are restricting the availability of capital and suppressing development activity. Insufficient exploration and production activity is depleting reserves. And despite the prevailing \u201cgreen transition\u201d narrative, demand continues to rise inexorably. Ironically, divestment and virtue signalling policymaking has intensified at a time where an energy crisis of epic proportions is already well underway, with natural gas prices in Europe sitting near $200 \/ barrel of oil equivalent after briefly running higher than $350!<\/p>\n<\/blockquote>\n<p>But, Young told Breitbart News, the ongoing and growing demand for oil and gas is not exclusively beneficial to investors.<\/p>\n<p>\u201cReduced domestic oil and gas production raises prices and increases the risk of supply disruption, which could lead to lines at gas stations (already seen recently in Europe!), blackouts and shortages,\u201d Young said. \u201cInvesting in domestic production helps moderate prices and reduces both the risk of shortages and dependence on sources in countries that may have adverse interests to the U.S.\u201d<\/p>\n<figure id=\"D-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Perhaps just as ironic, Young believes in the importance of protecting the environment while supporting fossil fuels, which have lifted millions of people around the planet out of poverty and improved the standard of living overall.<\/p>\n<p>\u201cI don\u2019t like to invest in companies that are egregious polluters, such as producers in Russia responsible for numerous oil spills,\u201d Young said. \u201cIt is not necessary to cause this sort of environmental destruction and it is bad business.\u201d<\/p>\n<p>\u201cIt is possible to sufficiently supply the energy necessary for humanity to thrive without destroying the environment,\u201d Young said.<\/p>\n<figure id=\"M-ROS-B4\" class=\"a8d adSo\"><\/figure>\n<p>\u201cI focus on high Energy Return on Investment (ERI) projects, which are intrinsically better for the environment, when measured holistically, than low EROI projects,\u201d Young said. \u201cSo the projects I\u2019m involved with are actually improving the environmental footprint of the energy supply.\u201d<\/p>\n<p>\u201cIncreases in energy demand are correlated with lifting people out of poverty, extending their lifespans significantly, and reducing disease and hunger,\u201d Young told Breitbart News. \u201cSo I believe these investments are both holistically environmentally beneficial and also are humanitarian.\u201d<\/p>\n<p>And Young predicts that not only are fossil fuels on the move but that the public\u2019s opinion on them will shift away from saving the planet to saving the American middle class lifestyle.<\/p>\n<p>\u201cSo in certain places, in Europe, it\u2019s already kind of having a resurgence and you\u2019re seeing it a little bit in certain European reporting,\u201d Young said. \u201cI think it just takes shortages and gas lines and other things. And then these things get more popular.\u201d<\/p>\n<p>And even with all the climate change hysteria and Biden\u2019s efforts to kill fossil fuels, according to the federal Energy Information Administration the oil and gas sector grew in 2021, including the <a href=\"https:\/\/www.eia.gov\/todayinenergy\/detail.php?id=50938\">completion<\/a> of 14 pipelines in the United States.<\/p>\n<p>\u201cI\u2019ve been told for years that oil and gas are \u2018going away\u2019 and yet oil demand has increased by at least 1 million barrels per day worldwide for the last 40 years, with the exception of the financial crisis in 2008 and the world shutdown for Covid in 2020,\u201d Young said. \u201cAnd oil and gas companies and assets are still being priced as if they are \u2018going away\u2019 despite continued growing demand.\u201d<\/p>\n<p>As for Young and his oil and gas investment strategy, he will continue to take advantage of the unintended consequence of climate change activists demonizing fossil fuels.<\/p>\n<p>\u201cIt\u2019s like a half-off sale, essentially, for oil and gas stocks,\u201d Young said.<\/p>\n<p><em>Follow Penny Starr on <\/em><a href=\"https:\/\/twitter.com\/PennyStarrDC\"><i>Twitter<\/i><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hedge fund CEO Josh Young is forthright about how he cashed in on climate change activists\u2019 hate for fossil fuels. \u201cPeople don\u2019t understand how much money you can make in &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1230686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1230686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1230686"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1230686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1230686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1230686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1230686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}