I sold my Chevron. I sold my Conoco Phillips. I sold my Statoil. I sold my ENSCO. I sold my Pioneer Natural Resources. I sold everything.
– Richard Rainwater, who made about $2 billion investing in energy stocks and futures over the last decade
Check out Justin Fox’s brief account of Richard Rainwater’s decision to sell his oil positions in May: “Will the Oil Bubble Burst?”, Time Magazine, June 5, 2008.