Bill Perkins doubles down on bet that European gas prices will soar
Updated
Updated · The Wall Street Journal · Apr 30
Bill Perkins doubles down on bet that European gas prices will soar
5 articles · Updated · The Wall Street Journal · Apr 30
The Skylar Capital Management founder said he added options and futures positions, arguing Europe faces the biggest upside risk if Middle East fighting persists and the Strait of Hormuz remains effectively shut.
He said markets are underestimating the scale of the energy crisis, with traders reacting sharply to developments linked to President Donald Trump's blockade and wider war-driven volatility.
Perkins is known for high-risk energy wagers: the trader posted about a 208% return in 2022, though he has also suffered losses severe enough to nearly close his fund.
As Europe faces a new energy crisis, will the US truly remain an insulated 'energy island'?
With the Strait of Hormuz closed, is the world economy sleepwalking into a historic energy crisis?
Can Iran's strategy outlast the US naval blockade in the high-stakes Hormuz standoff?