
David Wayne
590 posts

David Wayne
@WDoft
Climate change, science, politics, stock trading and interesting stuff. I'm smart enough to know how dumb I am.





Microsoft is abandoning the fraudulent CO2 capture industry: "Microsoft is stepping back from the industry it helped create, telling some companies that it is pausing future purchases of carbon removal credits, according to two people familiar with the matter who asked to remain anonymous because they were not authorized to speak publicly." nytimes.com/2026/04/16/cli…






Soft Commodities will be the next massive rotation.



The oil market now reminds me of when prices were around $30 in March 2020. Plenty of people who never looked at oil were going long oil futures, not realising what could happen to the roll. A few weeks later prices traded negative, with a $50+ contango for WTI a day before expiry. They looked at oil futures like equity, not understanding the impact of futures roll. This time is similar, plenty of people shorting the oil market thinking the Strait of Hormuz will eventually reopen and things will go back to normal. Many are trying to call the top. Without realising they might have to roll their shorts at $30, $50, $70+ backwardation?

















