Ep. 107: Josh Young on $200 Oil and the Structural Energy Supply Problem

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Josh Young is the Chief Investment Officer and Founder of Bison Interests – an investment firm that focuses on the publicly traded oil and gas sector. He has over 15 years of experience in investment management, 10 of which were focused on publicly-traded oil and gas securities. Josh became Chairman of the Board of RMP Energy in 2017. After refreshing the board and management team and rebranding the company (Iron Bridge Resources), it was bought out at a 78% premium in 2018.  Before this, 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. In this podcast we discuss:

1. Understanding the energy sector: upstream/midstream/downstream
2. The cost of drilling
3. The impact of ESG on the energy sector
4. Why oil output isn’t higher
5. The structural supply issues for energy sector
6. The investment needs to maintain supply
7. The regulatory pressures on supply
8. Whether the Middle East step up supply
9. Whether the oil bull market is still early
10. The best way to get exposure to energy
11. Books that influenced Josh: The First Billion Is the Hardest (Pickens) and Fooling Some of the People All of the Time (Einhorn)

You can learn about Josh’s firm here and follow him on Twitter here.

Read the full transcript here.

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(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)