All of the growth in he last decade has come from the shales. We have blindly believed that those shales can grow infinitely. But even the biggest oil field is not infinited and we've reached the point now where those fields are showing their age. They're beginning to exhibit depletion. The white house announced another 20 million barrels would be sold from the strategic petroleum reserve for the purpose of trying to game gas prices lower. This is not a russia story, and these problems will persist, you know, for years to come.
MacroVoices Erik Townsend and Patrick Ceresna welcome Adam Rozencwajg to the show to discuss how the world has entered the early stages of a global energy crisis that will take many years to resolve, and he brings some absolutely fascinating insights about U.S. natural gas prices and much more. https://bit.ly/3S8nClc
Download Goehring & Rozencwajg Market Commentary Q1 2022: https://bit.ly/3S9seYA
Download Big Picture Trading chartbook 📈📉https://bit.ly/3oCJ04B
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials