WallStForMainSt: Josh Young: Oil Supply Problems Will Keep Getting Worse? Gasoline Shortages Coming Soon To The US?
Jason Burack of Wall St for Main St interviewed the Chief Investment Officer & Founder of Bison Interests https://bisoninterests.com/, Josh Young.
Josh Young is the Chief Investment Officer & Founder of Bison Interests. Bison Interests is an investment firm focused on publicly traded oil and natural gas companies.
Follow Josh on Twitter here: https://twitter.com/Josh_Young_1
Josh is considered one of the top oil and natural gas analysts and his energy fund was the top performing energy fund globally in 2021 according to different firms that track performance.
Josh was a management consultant to Fortune 500 companies and private equity firms, and then an investment analyst at a private equity fund. Josh worked as an energy investment analyst for a multi-billion dollar, single family office, which was nominated as Institutional Investor's Single Family Office of the Year in 2008.
Josh was a management consultant to Fortune 500 companies and private equity firms, and then an investment analyst at a private equity fund. Josh worked as an energy investment analyst for a multi-billion dollar, single family office, which was nominated as Institutional Investor's Single Family Office of the Year in 2008.
He started off writing a lot of really in-depth oil articles on Seeking Alpha many years ago.
During this 50+ minute interview, Jason asks Josh about capex and supply side problems from OPEC and OPEC Plus oil producers along with a new normal of rising drilling and production costs and shortages of materials, equipment and personnel in oil services to grow US domestic oil supply.
Josh expects a new normal of much higher oil prices for years to come (although a stock market crash could temporarily cause a crash in oil but it would not last for long in his opinion) and Josh also sees gasoline shortages coming to the US in under 6 months in addition to diesel prices staying high for another few months.
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