TIP572: Finding Value in the Oil Market w/ Josh Young
On today’s show, we bring back oil expert Josh Young to give an update on the oil market. This discussion touches on Buffett’s updated oil positions, why OPEC is encouraging others to invest more in oil production, the impact of the China reopening on global oil demand, and more.
Josh is the Chief Investment Officer and Founder of Bison Interests, which focuses on investing strictly in oil and gas equities.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro.
01:53 - The highlights of the oil and gas market in 2023.
04:08 - How Buffett has shifted his investments in oil.
11:00 - Why OPEC is sounding the alarm bells on a shortage of oil.
16:13 - The impact of the China reopening on oil demand.
23:03 - Josh’s thoughts on the USA dumping their SPR reserve while China is building their reserves.
29:14 - How a rollover in shale production may impact oil prices.
33:13 - How heavily the supermajors are reinvesting back into new production.
38:09 - Josh’s view on alternative energy sources.
43:47 - Josh’s approach to market timing in the oil market.
52:59 - What the price of oil may indicate for current economic conditions.
53:34 - How oil stocks have performed since 2022.
65:42 - Josh’s view on how his bullish oil thesis may be wrong.
69:02 - How higher interest rates are impacting the oil industry.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Check out our newly released TIP Mastermind Community.
- Bison Interest’s research.
- Check out our recent episode : TIP569: An Investor’s Guide to Clear Thinking w/ Chris Mayer or watch the video here.
- Follow Josh on Twitter.
- Follow Clay on Twitter.
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