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Derek Brower
18 August 2017
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Citi's oil bear makes a move

One of Wall Street's best energy analysts is packing up to go and sell solar panels in Costa Rica. Over steak in London, Seth Kleinman explains why

"A pay cut from Citi? Yeah—infinite, percentage-wise. As of the end of this month I will go from making a lot of money to zero." Seth Kleinman is speaking, half way through some Argentine beef, in a restaurant near London Bridge. He's explaining why he's leaving his job as global head of energy strategy at one of the world's biggest banks to move to Central America—and why it's such an easy decision. Kleinman is clear-eyed, eloquent and punchy on the subject of oil. It's why his commentary on the market for Citi has been so popular. He's just as forthright on oil's problem and why he wants out. Oil bulls should stop reading now. An epoch-making shift is underway in global energy, believes Kl

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