LIVE From Permissionless | Forward Guidance & 1000x Collab Stream
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What's up, everybody? Welcome to a very special episode of Ford guidance in collaboration with the 1000 x boys. We're hosting this live from permissionless. We're in day 1. I just ran off the panel and just sprinted over here to connect with you guys. It's, it's great to have you. I've wanted to do this for a while and connect with you guys. I love the way you both think. So maybe we could just have you introduce you both and, what you focus on.
Hey. Yeah. Thank you so much for having us on the pod. This is awesome, and this event is awesome. Just looking around seeing so many people come out to permissionless. It's been fun so far. So for those who don't know me, I'm Avi Feldman. I've been in crypto now since 2017, professionally trading it since 2019. I've been across the entire spectrum working on a pure crypto native hedge fund called Block Tower for a few years where I was the co PM of that managing the book alongside Ari Paul. And then I ended up, starting the crypto division at a traditional hedge fund called Golden Tree, which
here with you. Pleasure
to pleasure to be here as well. It's it's a real honor. Thank you for setting this up. My name is Jonah Van Borg. I've been a trader for almost 20 years professionally. Traded most asset classes, not interest rates, so I got lots of questions for you on that. But the bulk of my career I spent, running crude oil trading businesses. First, at Goldman Sachs, I ran the crude dirivs book, and then I was a partner at Vitol for 7 years. That's the world's largest oil trading company doing, derivatives and physical. And then after that, I spent 2 years, running DRW's crypto and precious metals trading
Same as
Avi. Awesome.
And, yeah, to the to the 1000 x listeners, I'm Felix, host of the For Guidance podcast. And on Twitter is is Feijo. You know, I've been a been a pretty avid participant and listener to you guys' live streams. Really enjoy it. So it's gonna be a ton of fun to be live here. And, yeah, you know, just in the spirit of of being a collaborative episode, I'm gonna ask some questions to you guys. You guys are gonna ask me some questions. We're gonna have some fun back and forth. Yeah. I wanna I wanna get into it. I wanna ask Jonah some some questions about oil in the energy space, getting right into i
Oil is a very I'm glad you asked. Oil is a very misunderstood market. It occasionally is relevant to other markets that the broader macro space pays attention to. Now is one of those times, and you see the tourists come into oil, and they don't know what they're doing. So let me just give you a quick overview of the situation. The world consumes about a 103,000,000 barrels a day worth of oil. Barrel's about yay high. Holds 42 gallons. It's a very physical market. That there's about a 105,000,000 barrels a day, so an excess of roughly 2,000,000 barrels a day of supply capacity out there. But Sa
Yeah. So do you mostly, like, react, or do you try to forecast what's gonna occur, like, geopolitically? Obviously, you know, we're all waiting to see how, you know, Israel reacts to, Iran after Iran, you know, sent a bunch of rockets at Israel. So do you, like, forecast any of that or or play probabilities, or you just wait to see what happens with React?
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