Houston Molnar
In 1990, oil trader Andy Hall made a bet that earned him the nickname “God.”
Hall was one of the most successful oil traders of all time. He was on the right side of some of the biggest oil trades in history.
He made a fortune during his nearly 45-year career. But his most famous trade came in 1990 when cheap oil prices created tension among OPEC members.
To bet on oil prices rising, Hall rented every oil tanker he could… filled them with cheap oil… and parked them at sea.
He could see tensions in the region were reaching a breaking point. And by August 1990, Hall’s prediction played out… Iraqi dictator Saddam Hussein invaded Kuwait.
Oil prices soared 10% overnight. And within the next few months, they more than doubled.
Hall made an absolute fortune while most investors watched from the sidelines.
You see, investing in oil in the 1990s was a market that only the big players could operate in. Even if you came to the same conclusion that Hall did, you couldn’t make the same bet.