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Art and oil have more in common than people think. Both are finite resources whose value depends entirely on what someone is willing to pay.

artoil— Art Basel interview, 2014
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Oil prices are ultimately determined by geology and thermodynamics, not by what traders think on any given Tuesday.

commoditiesfundamentals— Reuters interview, 2011
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The bonus was in my contract. I earned it. The political optics were someone else’s problem.

compensationcontroversy— New York Times profile, 2009
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I missed the shale revolution. Anyone who says they saw it coming at scale is lying or got lucky.

failurehumility— Industry event, 2017
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The best commodity trades take years to play out. If you need to see results this quarter, you’re in the wrong business.

commoditieslong-term— Phibro investor presentation, 2007