Sold Short?

Short-sellers, despised on Wall Street, are a needed check on rampant hype

Solv-Ex President and Chief Financial Officer W. Jack Butler is the kind of man who might have been called a captain of industry, back in the days when that really meant something. A dignified man in his late seventies, he spent 35 years at Mobil Oil and was chairman of Mobil Saudi Arabia in the heady 1970s. Solv-Ex has a process for turning oil-laden sand into crude oil--a vital, almost unimaginably lucrative process, if it succeeds.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.