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Need to Know: After a 71% profit, this investor just got out of oil and is putting everything into this commodity instead

Wednesday brought some (more) grim news on the energy front, with a warning for U.S. households to expect higher heating bills this winter, as supply-and-demand struggles in Europe and Asia come home to roost.

And just as the world is trying to get greener, shortages have led to the revenge of the fossil fuels, helping push crude CL00 to a nearly 70% gain this year and leading to some bullish calls on Wall Street, with Goldman Sachs’ talk of a multiyear commodity supercycle, and $100 oil calls from Bank of America.

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