Global Commodities Supercycle Gives Way To Electricity Supercycle

Three years ago, leading Wall Street experts predicted that the world was entering a decade-long commodity supercycle wherein leading commodities including oil, natural gas, iron ore and copper would soar to new highs and remain elevated. Goldman Sachs global head of commodities research Jeffrey Currie predicted that the fundamental setup in the commodities complex including oil and metals was incredibly bullish. According to Currie, there has been a complete redirection of capital over the past few years due in large part to poor returns in the…