Josh Young: Oil Is Heading for a Massive Shortage — And MUCH Higher Prices

VRIC MediaWednesday, September 9, 2026

Show Notes

Josh Young of Bison Insights argues that years of underinvestment have left the oil market increasingly vulnerable to future shortages. He explains why current prices are still too low to encourage enough new production, why reserve replacement remains dangerously weak, and how geopolitical disruptions are adding further pressure to global energy markets. Young also discusses the Strait of Hormuz, refining shortages, Venezuela, and why he believes the longer-term setup for oil remains strongly bullish.

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https://www.bisoninsights.info/

https://bisoninterests.com/

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0:00 Why oil could be entering a structural bull market

0:44 Josh Young’s approach to oil and gas investing

4:00 Where oil prices could head from here

5:04 Why years of underinvestment matter

7:37 The 10% reserve replacement problem

10:00 How low can the Strategic Petroleum Reserve go?

13:01 Why oil market intervention may be losing effectiveness

18:58 Why diesel margins have exploded

20:14 Russia, China, and the global refining shortage

26:00 Can the Strait of Hormuz really become irrelevant?

29:58 Can Venezuelan oil solve the supply problem?

36:10 How much oil could Venezuela actually produce?