The oil market could be facing a much bigger supply problem than investors realize. In this interview, Josh Young, energy investor and founder & CIO of Bison Interests, breaks down the global oil supply outlook, the Strait of Hormuz crisis, Iran, China's oil imports, Venezuela's ability to increase production, US shale depletion, spare capacity, and why he believes oil prices could stay much higher for much longer

🗓️ Recording date: September 2, 2026

📖 Chapters
00:00 Intro
00:57 — Josh Young on the Oil Market
02:29 — China's Massive Oil Imports & the Hidden Supply Shock
04:06 — Are We Using 5–6 Barrels for Every New Barrel Found?
06:32 — What Happens If the Strait of Hormuz Stays Closed?
09:24 — Oil Supply, Spare Capacity & Potential Record Prices
12:34 — Is the US Suppressing Oil Prices?
14:09 — Venezuela: Can It Really Add More Oil Supply?
16:48 — Venezuela's Oil Infrastructure & Political Risks
19:11 — How Long Would It Take Venezuela to Ramp Production?
22:16 — Is US Shale Running Out of Steam?
24:41 — The “Red Queen Effect” & Shale Depletion
27:32 — Where Is the Best Oil Investment Opportunity?
30:49 — Josh Young's 12-24 Month Oil Market Call
32:42 — Josh's Other Commodity Bet: US Nickels
34:19 — Final Thoughts