We Study Billionaires - The Investor’s Podcast Network TIP429: What is happening with Oil? w/ Josh Young
Mar 11, 2022
Josh Young, an oil market expert from Bison Interests known for his savvy price predictions, joins to unravel the complexities surrounding oil. He discusses why oil is viewed negatively and debunks common myths, while also predicting how supply may lag behind demand. Josh reveals the impact of the Russia-Ukraine conflict on supply and how Europe's diminishing natural gas reliance could influence prices. He also shares insights on promising oil producers and discusses investment strategies amid a fluctuating market.
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Oil's Hated Status
- Oil has been a "hated commodity" due to the rise of electric vehicles and misconceptions about their role.
- This has led to a misunderstanding of oil's continued economic importance outside of EVs.
Two Oil Cycles
- Two oil cycles, a long and a short one, affect the industry simultaneously, causing confusion among analysts.
- A long bear market since 2012 coupled with a shale boom and bust has disrupted investment incentives.
Gasland Misrepresentation
- The movie "Gasland" misrepresented fracking's impact on groundwater by showing flammable tap water.
- This was unrelated to fracking and actually caused by coalbed methane release.