🎙️ Left Behind

[5 minutes to read] Plus: Physics wiz makes a fortune

By Matthew Gutierrez and Shawn O’Malley

The U.S. produced more crude oil last year than any other nation at any other time.

😅 That’s according to the U.S. Energy Information Administration (EIA), which says the U.S. produced 12.9 million barrels of oil daily.

The U.S., Saudi Arabia, and Russia account for ~40% of global oil production, and those three nations have led the way every year since 1971.

The average price of a gallon of gas that year? $0.36.

— Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the biggest stories in markets:

  • Betting big against Japanese government bonds

  • The physics wiz who made a fortune

This, and more, in just 5 minutes to read.

POP QUIZ

Boeing’s stock has been slammed by repeated safety crises in 2024 — how much is its stock down in response this year? (The answer is at the bottom of this newsletter!)

Chart of the Day

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