Citadel Seeks to Buy US Shale Assets as Energy Markets Price Long War
📉 CAPITAL — Citadel buying shale while Bessent calls $40-50 crude; one of them is wrong. 📌 LOOK CLOSER: Citadel doesn't buy shale at $40-50 crude — it buys expecting sustained high prices. With SPR at 1983 lows and Hormuz near-closed, Griffin is betting the disruption outlasts Washington's narrative. Institutional capital pricing a long war, not a negotiated reopening. Bessent's projection and Citadel's move cannot both be right.
