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TIP572: Finding Value in the Oil Market w/ Josh Young
Aug 27, 2023
In this chat, oil expert Josh Young, Chief Investment Officer of Bison Interests, dives into the current oil market's pulse. He discusses Warren Buffett's strategic oil investments and OPEC's urgent push for increased production amidst supply concerns. The reopening of China is addressed as a major factor affecting global oil demand. Josh also shares insights on U.S. and China's contrasting petroleum reserve strategies and speculates on future oil prices amid rising interest rates, all while contemplating the potential of alternative energy sources.
01:08:43
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Quick takeaways
- The podcast highlights the impact of China's reopening on oil demand and its potential for significant growth in the global oil market.
- The episode examines Warren Buffett's investments in oil companies and his bullish stance on oil prices.
Deep dives
Oil market highlights in 2023
The podcast episode covers the highlights of the oil and gas market in 2023. It discusses the adequacy of Russia's oil supply and highlights the impact of China's reopening on oil demand. The episode also explores the underinvestment in oil and the concerns raised by OPEC about an oil shortage. It delves into the investment strategies of Warren Buffett in oil companies and analyzes the decline in shale production in the US. Overall, the episode provides insights into the current state of the oil market and the factors influencing its dynamics.
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