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I remember when natural gas began trading on the NYMEX futures exchange back in 1990. At that time, I was one of the senior traders on the desk at the Phibro division of Salomon Inc. The highly profitable commodity trading division of the company was under the command of Andrew J. Hall, a trader who learned the oil business at British Petroleum and took over for Thomas O’Malley. Hall began his career at the company less than a decade after the trader who founded the oil business, the late Marc Rich, departed to start his