A good and balanced interview, I totally agree with the sentiment here. Its situations like these that presents the greatest opportunity, when the world is mislead by a false narrative, such as the EV boom going to replace oil consumption and peak demand.
How long will it take before the atmosphere is different and the climate is different as well? The world needs climate smart fuels that replaces crude oil and shale oil (also known as tight oil)
People can even make money shorting on 1st law of thermodynamics " the conservation of energy. " there's always need . It's just about how much..smart bison.
maybe they are using the oil for more important things than just pi$$ing it away in gas guzzling pos to propel butts a few miles, then demanding more cheap gaz.
How long will American shale oil and shale gas last, produced by fracking of the ground? Who knows? It is good that cars, trucks and working machines in USA and elsewhere in the World use other energy, e.g. electricity, e-fuels, biofuels, etc. The vehicles should not be totally dependent of crude oil or shale oil based fuels.
It’s less recovery in China and more China factories ramping up due to global tarrifs that are coming. Companies trying to get products into countries before tarrifs go into play. So slight bump in exports august, sept and October ….then exports will slow significantly . Also don’t ignore the huge impact of us congressional sub committee on CCP who just passed 25 laws against China . Those laws will have huge impact to Chinas economy.
The U.S. is largely irrelevant to China now. China exports to the U.S. make up less than 17% of Chinese exports. Just ten years ago, it was almost half.
Sub committee’s don’t pass laws-we don’t have the power to control China-we trade with them or we don’t. Chinese companies are building plants in Mexico and SE Asia at a high pace to avoid tariffs.
Sankey is now very bearish on oil? Currie is relying on geopolitics to support his bullish case, but he is much less aggressive now. Even Nuttall is less bullish nowadays. As an investor this is very confusing.
Chinas economy is no good currently. So they will most likely buy less crude oil for some years now. So many countries have bad economy now, simultaneously… that is really not good at all…
LOL. That is what the oil and energy cartels are. Go ahead. Keep feeding the greedy F's Skippy. You people talk about freedom? Lol Freedom is NEVER having to buy your energy from some corporate bloodsucker. You will never own an oil well or a refinery in your back yard. Where as I will never see an energy bill again unless I travel and need a super charger. Which is twice a year.
In poor countries there will be more economic growth than in more developed countries in the World. So these countries will buy more crude oil and refined fuels.
Is persons still concern fossil fuels; There is much more fossil natural gas in the World than there is crude oil, shale oil, tar sand, etc. So how come that there is not more interest in what you can do with natural gas? Many types of liquid fuels and many different chemicals can be produced from natural gas.
Nobody ever talk about solid state batteries for EV. Toyota and Panasonic have been working on them since 2015. Reports are 2028 will be in commercial production. 2030 more realistic. But they will be a game changer. Prices will be cheaper. Lighter. Fire proof. Ten minute recharge. If that happens. Prices for be will be the same for gas and electric. But cheaper for EV to maintain. Oil demand will drop big time by 2035.
Battery storage is not magic and doesn’t replace the need for power. Where do you get your power from. Whoever has the most power at the lowest cost will be the leading economic power in the world, the USA is voluntarily giving up this position to others. You seem to be concerned about emissions or something else that you don’t like. Believe me governments don’t care about climate they care about staying in power!
lol. This stuff is the same as nuclear fusion, it is perpetually 10 years away. It’s not gonna happen. Until we understand super conductivity and recreate it at reasonable temperatures - batteries will remain roughly where they are. They are basically at their thermodynamic limit.
Wow. What a low quality, finance biased, shallow view of the current and near term energy picture. And the comment section is ridiculous, full of stovepiped opinionated position defenders. Think bigger picture people. Oil ain’t going anywhere in this civilization but oil price is highly dependent on current demand. Ignore manipulated government programs. Pay attention to supply/demand relationship. And research real climate science. Bison has clearly always lived in a nice neighborhood. Consider his POV, too.
50% of new cars sold in China are EVs and hybrids, and there are booming sales of EVs in ASEAN, Central Asia, Australia, Mexico, Scandinavia, Russia, and Latin America. China is also increasing its use of gas. EVs cost less to operate.
You’re not correct. Need to distinguish between EVs and Hybrids. China mistakenly counts hybrids in their EV numbers. Highest selling car models in China this year are plug in hybrids not EVs. And even with hybrids 2024 market share verses ICE is still only 46%. Still a long way off from pure electric. Most consumers are preferring hybrids.
@@ScottRuark-q8x how many do you know? It is 3 in Norway, on guarantee. Savings are huge! no gas, no maintain cost, lower insurance, faster, warmer, more comfort. Cant wait for the next years to come and car factories in USA are closing or taken over by Chinese. going so quick in Europe and China, poorer countries needs som year more.
A person who talks about oil that doesn’t trade the real physical barrels of oil lol. Oil not equal to gasoline. Oil is a mixture of hydrocarbons that needs to be refined. China is exporting hydrocarbons today which is affecting other regions that export are hydrocarbons products. If you don’t know, hydrocarbon products are over capacity today. Physical barrels demand are at peak already.
Go short the contracts. As the rest of the world wants our standard of living. How many people in the world live without a car or electricity, a billion?
Vanguard and Blackrock ETFs have large holdings in many of the land royalties producing oil and gas that i own; many of the pipelines, and oil and gas floating steel (ships). Oil and gas will provide the majority of power for your great great grandchildren and the 4 or 5 billion other people currently who lack reliable electricity. I can never understand how the 2 billion ppl in the west living in luxury can rationalize keeping the majority of the world in abject poverty...bc they simply want to. SMH
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Very 😊Good comments from Josh 👍👍...much appreciated
Ethane rejection theory. Love that I learned this. Never heard of it. Great stuff.
How about cleaning old oil wells with solvents and extract oil also from old so called ”dry” wells? There is many of them…
A good and balanced interview, I totally agree with the sentiment here. Its situations like these that presents the greatest opportunity, when the world is mislead by a false narrative, such as the EV boom going to replace oil consumption and peak demand.
How long will it take before the atmosphere is different and the climate is different as well? The world needs climate smart fuels that replaces crude oil and shale oil (also known as tight oil)
Recession cause consumption weakening, demand will go higher and high until peak production is reached, no such thing as peak demand of oil long-term.
Josh has good opinions. I appreciate the point of view. Oil and gas fueled my career and my savings plan. It made my life very comfortable.
Sinner criminal
Simply look at Germany which is a great example of the failure of going all in on green energy.
People can even make money shorting on 1st law of thermodynamics " the conservation of energy. " there's always need . It's just about how much..smart bison.
Norway has 40% electric car ownership and only dropped oil consumption a few percent.
maybe they are using the oil for more important things than just pi$$ing it away in gas guzzling pos to propel butts a few miles, then demanding more cheap gaz.
Bison Interests was the name of the company / organisation where Mr. Young works… not Bison Investments…
How long will American shale oil and shale gas last, produced by fracking of the ground? Who knows? It is good that cars, trucks and working machines in USA and elsewhere in the World use other energy, e.g. electricity, e-fuels, biofuels, etc. The vehicles should not be totally dependent of crude oil or shale oil based fuels.
Thanks for an excellent interview
No single word about China's export quotas...
It’s less recovery in China and more China factories ramping up due to global tarrifs that are coming. Companies trying to get products into countries before tarrifs go into play. So slight bump in exports august, sept and October ….then exports will slow significantly .
Also don’t ignore the huge impact of us congressional sub committee on CCP who just passed 25 laws against China . Those laws will have huge impact to Chinas economy.
The U.S. is largely irrelevant to China now. China exports to the U.S. make up less than 17% of Chinese exports. Just ten years ago, it was almost half.
Sub committee’s don’t pass laws-we don’t have the power to control China-we trade with them or we don’t. Chinese companies are building plants in Mexico and SE Asia at a high pace to avoid tariffs.
His take on the oil markets seem to be pretty much in sync with Canadian oil portfolio manager Eric Nuttall.
Eric has made terrible picks such as legacy c.o. be careful on his stock pics
Sankey is now very bearish on oil? Currie is relying on geopolitics to support his bullish case, but he is much less aggressive now. Even Nuttall is less bullish nowadays. As an investor this is very confusing.
I thought US production was at risk of falling too. And if oil prices fall to 60 then a lot of the US producers are out of business.
Correct premise. Demand diversification . Oil just doesn't go into auto gas . Lower prices for auto gas funds the jihad less .
Hi Mike from Tim
Chinas economy is no good currently. So they will most likely buy less crude oil for some years now. So many countries have bad economy now, simultaneously… that is really not good at all…
When you hear "energy transition" think"totalitarianism.
Yep, along with double to triple the price and blackouts. Just look at California only it would be worse.
LOL. That is what the oil and energy cartels are. Go ahead. Keep feeding the greedy F's Skippy. You people talk about freedom? Lol Freedom is NEVER having to buy your energy from some corporate bloodsucker. You will never own an oil well or a refinery in your back yard. Where as I will never see an energy bill again unless I travel and need a super charger. Which is twice a year.
In poor countries there will be more economic growth than in more developed countries in the World. So these countries will buy more crude oil and refined fuels.
Any thoughts about Africa?
Is persons still concern fossil fuels; There is much more fossil natural gas in the World than there is crude oil, shale oil, tar sand, etc. So how come that there is not more interest in what you can do with natural gas? Many types of liquid fuels and many different chemicals can be produced from natural gas.
You know, a new oil refinery would work wonders?
Fossil Energy is over.
Go talk to Germany.
You aren’t listening.
How you going to make plastics?
Demand is not shrinking. It is Growing. There is no sign that this will change anytime soon.
I think you can count on Russian oil production to slowly decline over the next ten years.
The Chicoms love electricity 🔌
Nobody ever talk about solid state batteries for EV. Toyota and Panasonic have been working on them since 2015. Reports are 2028 will be in commercial production. 2030 more realistic. But they will be a game changer. Prices will be cheaper. Lighter. Fire proof. Ten minute recharge.
If that happens. Prices for be will be the same for gas and electric. But cheaper for EV to maintain. Oil demand will drop big time by 2035.
Can you name the types of metals used in these solid state batteries? and amounts of these metals used per battery
Battery storage is not magic and doesn’t replace the need for power. Where do you get your power from. Whoever has the most power at the lowest cost will be the leading economic power in the world, the USA is voluntarily giving up this position to others. You seem to be concerned about emissions or something else that you don’t like. Believe me governments don’t care about climate they care about staying in power!
Go to Europe for a job
lol. This stuff is the same as nuclear fusion, it is perpetually 10 years away. It’s not gonna happen. Until we understand super conductivity and recreate it at reasonable temperatures - batteries will remain roughly where they are. They are basically at their thermodynamic limit.
Our growing capacity to dig oil out of the ground has nothing to do with, how much oil remains in the ground? th-cam.com/video/kZA9Hnp3aV4/w-d-xo.html
Josh Young at Bison Investments looks quite young. How much does he know? He is too obcessed with the development of China…
USA has no Geostatic PROBLEMS WINK WINK😂😂😂🎉🎉🎉
All energy forms should be priced in USD
tried it, didnt work out...NEXT!!
Wow. What a low quality, finance biased, shallow view of the current and near term energy picture. And the comment section is ridiculous, full of stovepiped opinionated position defenders. Think bigger picture people. Oil ain’t going anywhere in this civilization but oil price is highly dependent on current demand. Ignore manipulated government programs. Pay attention to supply/demand relationship. And research real climate science. Bison has clearly always lived in a nice neighborhood. Consider his POV, too.
50% of new cars sold in China are EVs and hybrids, and there are booming sales of EVs in ASEAN, Central Asia, Australia, Mexico, Scandinavia, Russia, and Latin America. China is also increasing its use of gas. EVs cost less to operate.
And have the resale value of a used rubber
You’re not correct. Need to distinguish between EVs and Hybrids. China mistakenly counts hybrids in their EV numbers. Highest selling car models in China this year are plug in hybrids not EVs. And even with hybrids 2024 market share verses ICE is still only 46%. Still a long way off from pure electric. Most consumers are preferring hybrids.
Cheaper to operate? Tell that to a Tesla owner who has changed out their batteries
@@ScottRuark-q8x how many do you know? It is 3 in Norway, on guarantee. Savings are huge! no gas, no maintain cost, lower insurance, faster, warmer, more comfort. Cant wait for the next years to come and car factories in USA are closing or taken over by Chinese. going so quick in Europe and China, poorer countries needs som year more.
@@Skippy-s1glol
A person who talks about oil that doesn’t trade the real physical barrels of oil lol. Oil not equal to gasoline. Oil is a mixture of hydrocarbons that needs to be refined. China is exporting hydrocarbons today which is affecting other regions that export are hydrocarbons products. If you don’t know, hydrocarbon products are over capacity today. Physical barrels demand are at peak already.
Go short the contracts. As the rest of the world wants our standard of living. How many people in the world live without a car or electricity, a billion?
Finally somebody in this comment section with some sense.
When Vanguard and Blackrock dump their oil shares you know oil's time is over
Have you stopped driving or using electricity? Oil is never over! Period, end of story.
Vanguard and Blackrock ETFs have large holdings in many of the land royalties producing oil and gas that i own; many of the pipelines, and oil and gas floating steel (ships). Oil and gas will provide the majority of power for your great great grandchildren and the 4 or 5 billion other people currently who lack reliable electricity. I can never understand how the 2 billion ppl in the west living in luxury can rationalize keeping the majority of the world in abject poverty...bc they simply want to. SMH
ำๆศฏำนว❤FlowFlowu0😅😢😅😅😅
Wala wala we love Kamala. No gas vehicles by 2035!
You need to get a better therapist.
😂😅🤣
Donald closed Harley Davidson, he is a hero! 😂 Trump that 🤣
You have no idea what you’re talking about. Hydrogen fuel.