Chanos shorts LNG

Friday, 8 May 2015

Jim Chanos just loves Australia. He’s moved his short into LNG, from the AFR:

“This is a disaster waiting to happen,” Chanos said at the SkyBridge Alternatives Conference in Las Vegas on Thursday, adding that he was also wagering against Chevron Corp.

Chanos said that demand for LNG has been flat for the past few years and capacity is going to “skyrocket.”

Correct!

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.