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The prevailing narrative around oil is that a global supply glut and weakening demand from China will continue to keep oil prices down.
The reality is that oil isn’t going away anytime soon.
Josh Young, the founder and CIO at energy investment firm Bison Interests takes us on a world tour of oil-producing nations, explaining why there is “a lot less spare capacity than people think.” That includes capacity from Guyana, which some have called “the next Saudi Arabia.” He also believes the China demand story is overstated.
You will also hear about which OPEC nations might be cheating on their quotas, the nuances in the Exxon v. Chevron dispute, the future of the Strategic Petroleum Reserve… and what this all means for energy investors.
Find out more about Josh Young here:
https://bisoninterests.com/about-us
Follow Josh Young on X (Twitter) here:
https://x.com/Josh_Young_1
Follow Josh Young on LinkedIn:
https://www.linkedin.com/in/josh-young-60422a1/
Sign up for Ed D’Agostino’s free newsletter here:
https://www.mauldineconomics.com/go/JM563H/YTB
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https://www.linkedin.com/in/ed-d-agostino-415475296/
Time stamps:
00:00 – Introduction
04:42 – Global oil supply glut myth
10:18 – Guyana and “the next Saudi Arabia”
14:48 – The future of the Strategic Petroleum Reserve
18:12 – Outlook on oil stocks
26:45 – Impact of India and EVs on oil
34:02 – The oil investor’s journey