Author Archives: Cale Smith

Cale Smith

About Cale Smith

Portfolio Manager at Islamorada Investment Management.

This Week’s Sign We Are Sleepwalking Into a Supply Crunch (#9)

From the front page of the online NY Times today, a glimpse of the most important man in world oil markets today: Emphasis mine. Here is the entire NYT article on Prince Mohammed bin Salman, in which you will learn … read more…

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Letter to Investors, September 2016

Below is my recent letter to investors in the Tarpon Folio, originally sent out on September 11th. You can view the original email here. And you can sign up to receive future letters here. ____________________ The Global Rebalancing is Here … read more…

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This Week’s Sign We Are Sleepwalking Into a Supply Crunch (#8)

“August was the biggest month ever for U.S. gasoline consumption. Americans used a staggering 9.7 million barrels per day. That’s more than a gallon per day for every U.S. man, woman and child.” From the article “Addicted to oil: US … read more…

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