Global oil stocks are depleting fast. Bison's Josh Young warns of low usable reserves, $105 fair-value WTI, and hidden upside in undervalued energy assets. This post Josh Young: “Massive” Currency Debasement to Come From Oil’s Run
Global oil inventories are running out faster than most people realize. Josh Young, founder and CEO of Bison Interests, says less than 10% of global stockpiles may be usable, and the market has almost no room left for another supply shock. He explains why WTI’s fair value sits near $105 a barrel, why an Iran peace deal might not bring lasting relief, and which part of the energy market he believes is deeply undervalued.
Chapters: 00:00 Saudi Aramco Warns Rebuilding Oil Stockpiles Could Take Two Years 02:00 Would an Iran Peace Deal Crash Oil? Why WTI’s Fair Value Is $105 04:03 How Long It Takes to Restore Damaged Middle East Energy Infrastructure 05:33 Strait of Hormuz Flows, Misleading Data and Wartime Propaganda 08:18 Diesel at $200 a Barrel: Why Refined Products Matter Most 10:40 Russia, China and the Real Drivers of the Diesel Squeeze 12:38 Why a US Diesel Export Ban Is Very Unlikely 14:41 Undervalued Small-Cap Oil Producers and Trump’s Midterm Price Promise 17:40 The Fed, Rate Hikes and What Milton Friedman Got Right 20:37 Kevin Warsh, Government Inertia and Massive Currency Debasement