Peter Beutel, an analyst and editor of the Daily Energy Hedger newsletter, who often appeared on CNBC, Bloomberg Television and Fox News, has died. He was 56.
Beutel died yesterday of a heart attack at his home in New Canaan, Connecticut, his mother, Gail Beutel, said. His father, Bill Beutel, was the anchorman for New York’s WABC-TV for more than 30 years and died in 2006.
He was president of Cameron Hanover, an energy research and risk management company he founded in 1994. Based in New Canaan, it provides fundamental and technical analysis of crude oil, natural gas and other energy markets, and published the Daily Energy Hedger.
In his 2005 book, “Surviving Energy Prices,” Beutel recounts the history of oil trading since about 1850, when people relied on coal for heat and whale oil for light. Crude “was an alternative source of energy, like wind power and solar energy are today,” he wrote.
“In the last 20 years, rampant price fluctuations have forced everyone buying, selling or using oil to reconsider the way they do business,” Beutel wrote. “The world keeps changing, and there’s nothing new in that.”
Peter C. Beutel was born on July 22, 1955. His father, in addition to anchoring news at WABC, was the first host of “AM America,” which eventually became ABC’s nationally televised “Good Morning America” program.
From E.F. Hutton
The younger Beutel graduated from Dartmouth College in Hanover, New Hampshire, in 1977, 24 years after his father had done so.
Peter Beutel began working on Wall Street at E.F. Hutton in 1979, according to Cameron Hanover’s website. His career took him to Gill & Duffus, Donaldson, Lufkin & Jenrette and Merrill Lynch & Co., where he worked prior to starting Cameron Hanover.
“Peter was a great friend and business partner,” said Vince Lanci, managing partner and a partner with Beutel at FMX Connect LLC, a Stamford, Connecticut-based commodity information provider. “He was an oil analyst for more than 30 years, going back to the days of E.F. Hutton. He will be sorely missed.”