Related Articles
Forward article link
Share PDF with colleagues

Citi's oil bear makes a move

One of Wall Street's best energy analysts is packing up to go and sell solar panels in Costa Rica. Over steak in London, Seth Kleinman explains why

"A pay cut from Citi? Yeah—infinite, percentage-wise. As of the end of this month I will go from making a lot of money to zero." Seth Kleinman is speaking, half way through some Argentine beef, in a restaurant near London Bridge. He's explaining why he's leaving his job as global head of energy strategy at one of the world's biggest banks to move to Central America—and why it's such an easy decision. Kleinman is clear-eyed, eloquent and punchy on the subject of oil. It's why his commentary on the market for Citi has been so popular. He's just as forthright on oil's problem and why he wants out. Oil bulls should stop reading now. An epoch-making shift is underway in global energy, believes

Also in this section
France's nuclear plans under pressure
16 April 2018
Flaws found at a flagship reactor could curb EDF’s technology export ambitions
Carbon capture catches a big tax break
13 April 2018
Generous new incentives could be a breakthrough
Fossil fuels muscled out of US power generation mix by renewables
27 March 2018
While wind and hydropower are making inroads, coal and gas are retreating