--- title: G&R Blog description: Stay informed with natural resources market insights from Goehring & Rozencwajg Associates. --- [![GoRozen logo](https://blog.gorozen.com/hs-fs/hubfs/Gorozen_July2023/images/629a25c15755c930be0d624f_GoRozen-logo-horizontal-web.png?width=444&height=79&name=629a25c15755c930be0d624f_GoRozen-logo-horizontal-web.png "GoRozen logo")](https://www.gorozen.com/) - FIRM - [HOME](https://www.gorozen.com/) - [ABOUT](https://www.gorozen.com/about) - [TEAM](https://www.gorozen.com/team) - CONTENT - [COMMENTARIES](https://www.gorozen.com/commentaries) - [BLOG](https://blog.gorozen.com/blog) - [PODCASTS](https://www.gorozen.com/podcasts) - HOW TO INVEST - [MUTUAL FUND](https://www.gorozen.com/gr-funds) - [CONFERENCE](https://conference.gorozen.com/) - [CONTACT](https://www.gorozen.com/contact) [access latest research](https://www.gorozen.com/commentaries) # G&R Blog [![Podcast: The Oil Supply Shock Hiding in Plain Sight](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/_2026.09%20GR%20Podcast%20with%20Adam%20and%20Chris%20Martenson.png)](https://blog.gorozen.com/blog/podcast-the-oil-supply-shock-hiding-in-plain-sight) ### [Podcast: The Oil Supply Shock Hiding in Plain Sight](https://blog.gorozen.com/blog/podcast-the-oil-supply-shock-hiding-in-plain-sight) 09/10/2026 What if the oil market is sending a more serious warning than headline crude prices suggest? Goehring & Rozencwajg Managing Partner Adam Rozencwajg recently joined Chris Martenson on Peak Financial... [Read More →](https://blog.gorozen.com/blog/podcast-the-oil-supply-shock-hiding-in-plain-sight) [![Why Haven't the Tanks Run Dry? What Investors Are Missing in Oil.](https://blog.gorozen.com/hubfs/2026.07%20GR%20Interim%20Oil%20Update.png)](https://blog.gorozen.com/blog/why-havent-the-tanks-run-dry) ### [Why Haven't the Tanks Run Dry? What Investors Are Missing in Oil.](https://blog.gorozen.com/blog/why-havent-the-tanks-run-dry) 08/07/2026 Click the image below to watch Adam Rozencwajg’s oil market update, or continue reading below. An Interim Oil Market Update Today we're... [Read More →](https://blog.gorozen.com/blog/why-havent-the-tanks-run-dry) [![Commodity Outlook in the Wake of the U.S.-Iran War](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.07%20GR%20Blog%20-%20Adam%20on%20podcast%20-%20Alpine%20Macro.png)](https://blog.gorozen.com/blog/commodity-outlook-in-the-wake-of-the-us-iran-war) ### [Commodity Outlook in the Wake of the U.S.-Iran War](https://blog.gorozen.com/blog/commodity-outlook-in-the-wake-of-the-us-iran-war) 07/24/2026 A central theme of Adam’s discussion: successful commodity investing requires separating market sentiment from underlying fundamentals. Is the commodity bull market already mature—or are we still in... [Read More →](https://blog.gorozen.com/blog/commodity-outlook-in-the-wake-of-the-us-iran-war) [![Article Spotlight: Are Energy Markets Tighter Than Investors Realize?](https://blog.gorozen.com/hubfs/2026.Q1%20article%20spotlight.png)](https://blog.gorozen.com/blog/are-energy-markets-tighter-than-investors-realize) ### [Article Spotlight: Are Energy Markets Tighter Than Investors Realize?](https://blog.gorozen.com/blog/are-energy-markets-tighter-than-investors-realize) 06/17/2026 The following article is excerpted from our Q1 2026 market commentary, Could the Tanks Run Dry? In it, we examine why global energy markets may be far tighter than consensus believes and what that... [Read More →](https://blog.gorozen.com/blog/are-energy-markets-tighter-than-investors-realize) [![Adam Rozencwajg on Money Life: Why Today's Oil Shock May Be Only the Beginning](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.06%20GR%20Blog%20-%20Adam%20on%20podcast%20-%20Money%20Life%20with%20Chuck%20Jaffe.png)](https://blog.gorozen.com/blog/adam-rozencwajg-on-money-life-why-todays-oil-shock-may-be-only-the-beginning) ### [Adam Rozencwajg on Money Life: Why Today's Oil Shock May Be Only the Beginning](https://blog.gorozen.com/blog/adam-rozencwajg-on-money-life-why-todays-oil-shock-may-be-only-the-beginning) 06/11/2026 Investors have spent weeks watching the developments in global energy markets unfold in real-time. Yet the most important question may not be what's happening today—but what happens next.Recently,... [Read More →](https://blog.gorozen.com/blog/adam-rozencwajg-on-money-life-why-todays-oil-shock-may-be-only-the-beginning) [![MarketWatch: Why the Current Oil Crisis Could Haunt Markets for Years](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.06%20MarketWatch%20Interview%20ft.%20Adam%20Rozencwajg%2c%20CFA%20Managing%20Partner%20(1).png)](https://blog.gorozen.com/blog/marketwatch-why-the-current-oil-crisis-could-haunt-markets-for-years) ### [MarketWatch: Why the Current Oil Crisis Could Haunt Markets for Years](https://blog.gorozen.com/blog/marketwatch-why-the-current-oil-crisis-could-haunt-markets-for-years) 06/04/2026 Oil prices have surged as disruptions in the Strait of Hormuz impact global crude flows and tighten near-term supply conditions.While many investors expect the situation to normalize once the Strait... [Read More →](https://blog.gorozen.com/blog/marketwatch-why-the-current-oil-crisis-could-haunt-markets-for-years) [![(Podcast) Capital Cycles and the Next Commodity Bull Market](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.05%20Windrose%20Podcast%20ft.%20Adam%20Rozencwajg%2c%20CFA%20Managing%20Partner.png)](https://blog.gorozen.com/blog/capital-cycles-and-the-next-commodity-bull-market) ### [(Podcast) Capital Cycles and the Next Commodity Bull Market](https://blog.gorozen.com/blog/capital-cycles-and-the-next-commodity-bull-market) 05/20/2026 In a market increasingly driven by geopolitics, capital scarcity, and structural supply constraints, the energy conversation is shifting fast. In a recent conversation with Windrose Advisors CIO... [Read More →](https://blog.gorozen.com/blog/capital-cycles-and-the-next-commodity-bull-market) [![(Podcast) Energy Shock, Oil Markets & the New Commodity Cycle with Adam Rozencwajg](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.05%20Goldrock%20Podcast%20ft.%20Adam%20Rozencwajg%2c%20CFA%20Managing%20Partner%20(1).png)](https://blog.gorozen.com/blog/podcast-energy-shock-oil-markets-the-new-commodity-cycle-with-adam-rozencwajg) ### [(Podcast) Energy Shock, Oil Markets & the New Commodity Cycle with Adam Rozencwajg](https://blog.gorozen.com/blog/podcast-energy-shock-oil-markets-the-new-commodity-cycle-with-adam-rozencwajg) 05/15/2026 “The market may be underestimating energy risk.” Goehring & Rozencwajg Managing Partner Adam Rozencwajg recently joined Goldrock Capital’s Definitely Uncertain: The Private Wealth Podcast for a... [Read More →](https://blog.gorozen.com/blog/podcast-energy-shock-oil-markets-the-new-commodity-cycle-with-adam-rozencwajg) [![(Podcast) The Greatest Energy Shock in History is Unfolding](https://blog.gorozen.com/hubfs/2026.05%20Peak%20Prosperity%20Podcast%20ft.%20Adam%20Rozencwajg%2c%20CFA%20Managing%20Partner%20(1200%20x%20628%20px).png)](https://blog.gorozen.com/blog/podcast-the-greatest-energy-shock-in-history-is-unfolding) ### [(Podcast) The Greatest Energy Shock in History is Unfolding](https://blog.gorozen.com/blog/podcast-the-greatest-energy-shock-in-history-is-unfolding) 05/08/2026 Global energy markets may be facing deeper structural supply constraints than current pricing suggests.In this podcast discussion with Peak Prosperity, Adam Rozenwajg, CFA, Managing Partner of... [Read More →](https://blog.gorozen.com/blog/podcast-the-greatest-energy-shock-in-history-is-unfolding) [![(Podcast) Gold, Silver vs. Energy — Where I'm Focusing Now](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.04%20Investing%20News%20Network%20Interview%20-%20Adam%20Rozencwajg.png)](https://blog.gorozen.com/blog/podcast-gold-silver-vs-energy-where-we-are-focusing-now) ### [(Podcast) Gold, Silver vs. Energy — Where I'm Focusing Now](https://blog.gorozen.com/blog/podcast-gold-silver-vs-energy-where-we-are-focusing-now) 05/01/2026 The oil market may be experiencing its biggest shock ever — and most investors aren’t positioned for it. In a recent interview with Charlotte McLeod of the Investing News Network, Adam Rozencwajg... [Read More →](https://blog.gorozen.com/blog/podcast-gold-silver-vs-energy-where-we-are-focusing-now) [![(Podcast) Are We Still in the Early Stages of the Commodities Cycle?](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.04%20G%26R%20Blog%20%23473%20-%20Sprott%20Radio%20Podcast%20with%20Adam%20Rozencwajg.png)](https://blog.gorozen.com/blog/are-we-still-in-the-early-stages-of-the-commodities-cycle) ### [(Podcast) Are We Still in the Early Stages of the Commodities Cycle?](https://blog.gorozen.com/blog/are-we-still-in-the-early-stages-of-the-commodities-cycle) 04/23/2026 Despite recent gains across gold and energy, evidence suggests the current commodities cycle may still be in its early stages.In a recent Sprott Radio episode, Adam Rozencwajg, CFA, Managing Partner... [Read More →](https://blog.gorozen.com/blog/are-we-still-in-the-early-stages-of-the-commodities-cycle) [![(Podcast) MacroVoices - What Comes Next After the Iran Crisis?](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.04%20GR%20Blog%20%23472-%20MacroVoices%20Podcast%20with%20Adam.png)](https://blog.gorozen.com/blog/podcast-macrovoices-what-comes-next-after-the-iran-crisis) ### [(Podcast) MacroVoices - What Comes Next After the Iran Crisis?](https://blog.gorozen.com/blog/podcast-macrovoices-what-comes-next-after-the-iran-crisis) 04/16/2026 Geopolitical shocks tend to fade from headlines quickly—but their impact on markets often lingers much longer.In the wake of the Iran crisis, key questions remain: how are global energy flows... [Read More →](https://blog.gorozen.com/blog/podcast-macrovoices-what-comes-next-after-the-iran-crisis) [![VIDEO: The Commodity Bull Market and the Capital Cycle](https://blog.gorozen.com/hubfs/Commentaries%20+%20Content%20Offers/2025.Q4%20Commentary/2025.Q4%20Video.%20Adam%20Rozencwajg%2c%20CFA%20Managing%20Partner%20-%20VIDEO%20The%20Commodity%20Bull%20Market%20and%20the%20Capital%20Cycle%20(1).png)](https://blog.gorozen.com/blog/video-the-commodity-bull-market-and-the-capital-cycle) ### [VIDEO: The Commodity Bull Market and the Capital Cycle](https://blog.gorozen.com/blog/video-the-commodity-bull-market-and-the-capital-cycle) 03/27/2026 \[NEW VIDEO\] Many investors wonder if the commodity rally has already been missed. The data suggests otherwise. Most commodities remain far below their inflation-adjusted highs, and relative... [Read More →](https://blog.gorozen.com/blog/video-the-commodity-bull-market-and-the-capital-cycle) [![VIDEO: The Strait of Hormuz and the Global Oil Market](https://blog.gorozen.com/hubfs/Commentaries%20+%20Content%20Offers/2025.Q4%20Commentary/2025.Q4%20Video.%20Adam%20Rozencwajg%2c%20CFA%20Managing%20Partner%20-%20VIDEO%20The%20Strait%20of%20Hormuz%20and%20the%20Global%20Oil%20Market%20-%20SOCIAL.png)](https://blog.gorozen.com/blog/video-the-strait-of-hormuz-and-the-global-oil-market) ### [VIDEO: The Strait of Hormuz and the Global Oil Market](https://blog.gorozen.com/blog/video-the-strait-of-hormuz-and-the-global-oil-market) 03/25/2026 Twenty percent of the world’s oil flows through the Strait of Hormuz. As of March 2026, that flow effectively stopped.What followed may be the largest physical supply shock in energy history—but the... [Read More →](https://blog.gorozen.com/blog/video-the-strait-of-hormuz-and-the-global-oil-market) [![The Hormuz Supply Shock](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.03%20GR%20%23468%20-%20When%20the%20Strait%20Closed.png)](https://blog.gorozen.com/blog/the-hormuz-supply-shock) ### [The Hormuz Supply Shock](https://blog.gorozen.com/blog/the-hormuz-supply-shock) 03/20/2026 The sudden closure of the Strait of Hormuz has triggered one of the most significant supply disruptions in the history of global energy markets. With roughly one-fifth of the world’s oil flows... [Read More →](https://blog.gorozen.com/blog/the-hormuz-supply-shock) [![Problems Developing With Uranium Supply](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.03%20GR%20%23467%20-%20Uranium.png)](https://blog.gorozen.com/blog/problems-developing-with-uranium-supply) ### [Problems Developing With Uranium Supply](https://blog.gorozen.com/blog/problems-developing-with-uranium-supply) 03/05/2026 The article below is an excerpt from our Q3 2025 commentary. Global uranium markets have been awash in bullish developments over the past two years, as governments, utilities, investors, and even... [Read More →](https://blog.gorozen.com/blog/problems-developing-with-uranium-supply) [![Podcast: Gold & Oil - Bright Days Lie Ahead](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.02%20GR%20Blog%20%23466-%20Adam%20on%20Peak%20Prosperity%20Podcast.png)](https://blog.gorozen.com/blog/podcast-gold-oil-bright-days-lie-ahead) ### [Podcast: Gold & Oil - Bright Days Lie Ahead](https://blog.gorozen.com/blog/podcast-gold-oil-bright-days-lie-ahead) 02/26/2026 Adam Rozencwajg recently joined Chris Martenson on the Peak Prosperity podcast to discuss the evolving macro environment and its potential implications for commodities.The conversation explores: ... [Read More →](https://blog.gorozen.com/blog/podcast-gold-oil-bright-days-lie-ahead) [![Podcast: Why Gold and Silver May Be the Last Defense Against Inflation and Debt](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.01%20GR%20Blog%20%23465-%20Leigh%20on%20VRIC%20Podcast.png)](https://blog.gorozen.com/blog/podcast-why-gold-and-silver-may-be-the-last-defense-against-inflation-and-debt) ### [Podcast: Why Gold and Silver May Be the Last Defense Against Inflation and Debt](https://blog.gorozen.com/blog/podcast-why-gold-and-silver-may-be-the-last-defense-against-inflation-and-debt) 02/19/2026 Leigh Goehring, Managing Partner at G&R, recently joined Jesse Day on the VRIC podcast to discuss why gold and silver may be far more than a strong recent trade—and why they could prove essential in... [Read More →](https://blog.gorozen.com/blog/podcast-why-gold-and-silver-may-be-the-last-defense-against-inflation-and-debt) [![Natural Gas: A Research Odyssey](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.01%20GR%20%23463%20-%20Natural%20Gas.png)](https://blog.gorozen.com/blog/natural-gas-a-research-odyssey) ### [Natural Gas: A Research Odyssey](https://blog.gorozen.com/blog/natural-gas-a-research-odyssey) 01/21/2026 The article below is an excerpt from our Q3 2025 commentary. We have long taken a certain perverse pride in conducting research that is not merely original, but occasionally so unfashionable that... [Read More →](https://blog.gorozen.com/blog/natural-gas-a-research-odyssey) [![Is the IEA Quietly Turning Bullish?](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.01%20GR%20%23462%20-%20IEA%20Quietly%20Turning%20Bullish.png)](https://blog.gorozen.com/blog/is-the-iea-quietly-turning-bullish) ### [Is the IEA Quietly Turning Bullish?](https://blog.gorozen.com/blog/is-the-iea-quietly-turning-bullish) 01/15/2026 The article below is an excerpt from our Q3 2025 commentary. At Goehring & Rozencwajg, we’ve built our approach around a simple but often uncomfortable conviction: the best value in natural resource... [Read More →](https://blog.gorozen.com/blog/is-the-iea-quietly-turning-bullish) [![Venezuela's Crude Reality](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.01%20GR%20%23461%20-%20Venezuelas%20Crude%20Reality.png)](https://blog.gorozen.com/blog/venezuelas-crude-reality) ### [Venezuela's Crude Reality](https://blog.gorozen.com/blog/venezuelas-crude-reality) 01/08/2026 Much has been written about the Trump administration’s actions in Venezuela and the supposed implications for the global oil market, though at this early stage it is already apparent that the subject... [Read More →](https://blog.gorozen.com/blog/venezuelas-crude-reality) [![2025 3Q Commentary Video Recap](https://blog.gorozen.com/hubfs/Commentaries%20+%20Content%20Offers/2025.Q3%20Commentary/2025.Q3%20Video.%20Adam%20Rozencwajg%2c%20CFA%20Managing%20Partner%20-%20Social%20(1).png)](https://blog.gorozen.com/blog/2025-3q-commentary-video) ### [2025 3Q Commentary Video Recap](https://blog.gorozen.com/blog/2025-3q-commentary-video) 01/07/2026 Watch our 7-minute video: Q3 2025 Market Commentary.Adam Rozencwajg, Managing Partner of G&R, recaps the latest research letter, highlighting why the era of stable, low-volatility markets—the... [Read More →](https://blog.gorozen.com/blog/2025-3q-commentary-video) [![Gold vs. Oil](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.12%20GR%20%23461%20-%20Gold%20vs.%20Oil%20(1).png)](https://blog.gorozen.com/blog/gold-vs-oil) ### [Gold vs. Oil](https://blog.gorozen.com/blog/gold-vs-oil) 12/19/2025 The article below is an excerpt from our Q3 2025 commentary. We spent the early days of October zig-zagging across New Zealand and Australia, where every meeting seemed to begin—and often end—with... [Read More →](https://blog.gorozen.com/blog/gold-vs-oil) [![The End of the Carry Regime: Why the Next Monetary Shift Favors Resource Equities](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.12%20GR%20%23460%20-%20The%20End%20of%20the%20Carry%20Regime.png)](https://blog.gorozen.com/blog/the-end-of-the-carry-regime) ### [The End of the Carry Regime: Why the Next Monetary Shift Favors Resource Equities](https://blog.gorozen.com/blog/the-end-of-the-carry-regime) 12/12/2025 The article below is an excerpt from our Q3 2025 commentary. In our fourth-quarter 2024 letter (click here to view past commentaries), we introduced a framework that has since shaped much of our... [Read More →](https://blog.gorozen.com/blog/the-end-of-the-carry-regime) [![Podcast: Is Gold Expensive or Cheap Right Now?](https://blog.gorozen.com/hubfs/2025.12%20GR%20Podcast%20Listing%20only-%20The%20Contrarian%20Capitalist.png)](https://blog.gorozen.com/blog/podcast-is-gold-expensive-or-cheap-right-now) ### [Podcast: Is Gold Expensive or Cheap Right Now?](https://blog.gorozen.com/blog/podcast-is-gold-expensive-or-cheap-right-now) 12/11/2025 Adam Rozencwajg joined The Contrarian Capitalist podcast to discuss whether gold is cheap or expensive at the moment.Adam A. Rozencwajg is the Co-Founder and Managing Partner of Goehring & Rozencwajg... [Read More →](https://blog.gorozen.com/blog/podcast-is-gold-expensive-or-cheap-right-now) [![Podcast: The Quiet Repricing of Reality](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.12%20GR%20Blog%20%23459%20-%20Podcast%20Top%20Traders%20Unplugged.png)](https://blog.gorozen.com/blog/podcast-the-quiet-repricing-of-reality) ### [Podcast: The Quiet Repricing of Reality](https://blog.gorozen.com/blog/podcast-the-quiet-repricing-of-reality) 12/05/2025 Power shifts quietly—until the moment it reshapes markets. On the Top Traders Unplugged podcast, Niels Kaastrup-Larsen and Cem Karsan sit down with Adam Rozencwajg, Managing Partner of G&R, to unpack... [Read More →](https://blog.gorozen.com/blog/podcast-the-quiet-repricing-of-reality) [![Trump’s Nuclear Revolution: The Policy That Could Redefine U.S. Power](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.11%20GR%20%23457%20-%20Trumps%20Nuclear%20Revolution.png)](https://blog.gorozen.com/blog/trumps-nuclear-revolution-the-policy-that-could-redefine-u.s.-power) ### [Trump’s Nuclear Revolution: The Policy That Could Redefine U.S. Power](https://blog.gorozen.com/blog/trumps-nuclear-revolution-the-policy-that-could-redefine-u.s.-power) 11/20/2025 The article below is an excerpt from our Q2 2025 commentary. President Trump’s recent executive action targeting reform at the Nuclear Regulatory Commission (NRC) may well go down as the most... [Read More →](https://blog.gorozen.com/blog/trumps-nuclear-revolution-the-policy-that-could-redefine-u.s.-power) [![Podcast: Revenge of the Old Economy and the Return of Commodities](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.11%20GR%20Blog%20%23454%20-%20Adam%20on%20podcast%20-%20W1M%20Why%20Invest%20(1).png)](https://blog.gorozen.com/blog/podcast-revenge-of-the-old-economy-and-the-return-of-commodities) ### [Podcast: Revenge of the Old Economy and the Return of Commodities](https://blog.gorozen.com/blog/podcast-revenge-of-the-old-economy-and-the-return-of-commodities) 11/07/2025 In a world captivated by technology and growth narratives, have investors overlooked the real story unfolding beneath their feet?In the latest episode of the W1M Why Invest? podcast, Goehring &... [Read More →](https://blog.gorozen.com/blog/podcast-revenge-of-the-old-economy-and-the-return-of-commodities) [![Podcast: Gold, Uranium & Oil – Adam Rozencwajg on MacroVoices](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.10%20GR%20Blog%20%23453-%20MacroVoices%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/podcast-gold-uranium-oil-adam-rozencwajg-on-macrovoices) ### [Podcast: Gold, Uranium & Oil – Adam Rozencwajg on MacroVoices](https://blog.gorozen.com/blog/podcast-gold-uranium-oil-adam-rozencwajg-on-macrovoices) 10/31/2025 Gold, uranium, oil — and the potential for a major global monetary shift.In this episode, Adam Rozencwajg sits down with Erik Townsend and Patrick Ceresna on the MacroVoices podcast to unpack today’s... [Read More →](https://blog.gorozen.com/blog/podcast-gold-uranium-oil-adam-rozencwajg-on-macrovoices) [![From Relic to Renaissance: Why Oil’s Repricing Could Define the Next Decade](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.10%20GR%20%23452%20-%20Oil%20The%20New%20Gold%20(1).png)](https://blog.gorozen.com/blog/from-relic-to-renaissance-the-coming-oil-repricing) ### [From Relic to Renaissance: Why Oil’s Repricing Could Define the Next Decade](https://blog.gorozen.com/blog/from-relic-to-renaissance-the-coming-oil-repricing) 10/24/2025 The article below is an excerpt from our Q2 2025 commentary. The world has decided it does not like oil. One would be hard-pressed to find another commodity so roundly scorned, so dismissed as a... [Read More →](https://blog.gorozen.com/blog/from-relic-to-renaissance-the-coming-oil-repricing) [![Natural Resource Market Commentary](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.10%20GR%20%23451%20-%20Natural%20Resource%20Commentary%20Q2.png)](https://blog.gorozen.com/blog/natural-resource-market-commentary) ### [Natural Resource Market Commentary](https://blog.gorozen.com/blog/natural-resource-market-commentary) 10/17/2025 The article below is an excerpt from our Q2 2025 commentary. In the second quarter, the commodity complex split neatly into two camps. On one side: uranium, platinum group metals, and... [Read More →](https://blog.gorozen.com/blog/natural-resource-market-commentary) [![Podcast: Gold's Record Run Not Over Yet, Silver Still Looks Cheap](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/_2025.10%20Investing%20News%20Network%20Interview%20-%20Adam%20Rozencwajg.png)](https://blog.gorozen.com/blog/podcast-golds-record-run-not-over-yet-silver-still-looks-cheap) ### [Podcast: Gold's Record Run Not Over Yet, Silver Still Looks Cheap](https://blog.gorozen.com/blog/podcast-golds-record-run-not-over-yet-silver-still-looks-cheap) 10/10/2025 Gold continues to set new all-time highs, but according to Adam Rozencwajg, Managing Partner of Goehring & Rozencwajg, the story is far from over.In a recent interview with Investing News Network’s... [Read More →](https://blog.gorozen.com/blog/podcast-golds-record-run-not-over-yet-silver-still-looks-cheap) [![A Peek Ahead](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.10%20GR%20%23449%20-%20The%20Next%20Rotation%20Back%20to%20Commodities.png)](https://blog.gorozen.com/blog/a-peek-ahead) ### [A Peek Ahead](https://blog.gorozen.com/blog/a-peek-ahead) 10/03/2025 The article below is an excerpt from our Q2 2025 commentary. The financial world, like the social world, has its fashions. At cocktail parties, there are seasons of martinis and seasons of... [Read More →](https://blog.gorozen.com/blog/a-peek-ahead) [![Podcast: Why We Believe Gold Could Double from Here](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.09%20GR%20Blog%20%23448%20-%20Adam%20on%20podcast%20-%20Money%20Life%20with%20Chuck%20Jaffe%20Podcast.png)](https://blog.gorozen.com/blog/podcast-why-we-believe-gold-could-double-from-here) ### [Podcast: Why We Believe Gold Could Double from Here](https://blog.gorozen.com/blog/podcast-why-we-believe-gold-could-double-from-here) 09/25/2025 At Goehring & Rozencwajg, we take a contrarian, research-driven approach to natural resources investing. In a recent conversation on Money Life with Chuck Jaffe, Adam Rozencwajg, Managing Partner at... [Read More →](https://blog.gorozen.com/blog/podcast-why-we-believe-gold-could-double-from-here) [![Podcast: The Gains in Gold, Oil & Uranium Could SHOCK the Market](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.09%20VRIC%20Interview%20-%20Adam%20%26%20Leigh.png)](https://blog.gorozen.com/blog/podcast-the-gains-in-gold-oil-uranium-could-shock-the-market) ### [Podcast: The Gains in Gold, Oil & Uranium Could SHOCK the Market](https://blog.gorozen.com/blog/podcast-the-gains-in-gold-oil-uranium-could-shock-the-market) 09/16/2025 Why investors should pay attention now.Leigh Goehring and Adam Rozencwajg have spent decades in the natural resources sector. Right now, they see a setup for gold, uranium, oil, natural gas, and... [Read More →](https://blog.gorozen.com/blog/podcast-the-gains-in-gold-oil-uranium-could-shock-the-market) [![The Next Inflationary Surge is About to Begin (updated)](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.09.02%20G%26R%20Blog%20%23446%20-%20Inflation.png)](https://blog.gorozen.com/blog/the-next-inflationary-surge-is-about-to-begin-092025) ### [The Next Inflationary Surge is About to Begin (updated)](https://blog.gorozen.com/blog/the-next-inflationary-surge-is-about-to-begin-092025) 09/04/2025 The article below is an excerpt from our Q2 2025 commentary. “Few challenges to the Federal Reserve independence have ever matched the drama of Dec. 5, 1965. Fed Chairman William McChesney Martin... [Read More →](https://blog.gorozen.com/blog/the-next-inflationary-surge-is-about-to-begin-092025) [![Gas’s Time Has Come](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/_2025.08%20GR%20%23445%20-%20Gas.png)](https://blog.gorozen.com/blog/gas-time-has-come) ### [Gas’s Time Has Come](https://blog.gorozen.com/blog/gas-time-has-come) 08/22/2025 The article below is an excerpt from our Q1 2025 commentary. In previous letters, we’ve written at length about our conviction that North American natural gas might well prove to be the... [Read More →](https://blog.gorozen.com/blog/gas-time-has-come) [![A Uranium Short Squeeze?](https://blog.gorozen.com/hubfs/2025.08%20GR%20%23444%20-%20Uranium.png)](https://blog.gorozen.com/blog/uranium-short-squeeze) ### [A Uranium Short Squeeze?](https://blog.gorozen.com/blog/uranium-short-squeeze) 08/13/2025 The article below is an excerpt from our Q1 2025 commentary. Back in 2018, we posited that financial players—ever alert to overlooked corners of the commodity world—would emerge as a dominant force... [Read More →](https://blog.gorozen.com/blog/uranium-short-squeeze) [![The Next Inflationary Surge is About to Begin](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.08%20G%26R%20Blog%20%23443%20-%20Inflationary%20Surge%20-%20updated.png)](https://blog.gorozen.com/blog/the-next-inflationary-surge-is-about-to-begin) ### [The Next Inflationary Surge is About to Begin](https://blog.gorozen.com/blog/the-next-inflationary-surge-is-about-to-begin) 08/04/2025 “Few challenges to the Federal Reserve independence have ever matched the drama of Dec. 5, 1965. Fed Chaiman William McChesney Martin Jr. had just convinced the Board of Governors to raise the... [Read More →](https://blog.gorozen.com/blog/the-next-inflationary-surge-is-about-to-begin) [![Leigh Goehring On The Coming Revolution In Asset Markets](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.07%20GR%20Blog%20%23443%20-%20Felder%20Report%20Podcast%20with%20Leigh.png)](https://blog.gorozen.com/blog/commodities-podcast-202507) ### [Leigh Goehring On The Coming Revolution In Asset Markets](https://blog.gorozen.com/blog/commodities-podcast-202507) 08/01/2025 You could say that natural resources run in Leigh Goehring’s blood. The son of two oil and gas engineers, Leigh has spent nearly his entire life studying markets and investments related to... [Read More →](https://blog.gorozen.com/blog/commodities-podcast-202507) [![The Case for Commodities: Adam Rozencwajg on Value, Volatility, and Opportunity](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.07%20GR%20Blog%20%23442%20-%20Value%20Perspective%20Podcast.png)](https://blog.gorozen.com/blog/the-case-for-commodities) ### [The Case for Commodities: Adam Rozencwajg on Value, Volatility, and Opportunity](https://blog.gorozen.com/blog/the-case-for-commodities) 07/25/2025 Unlocking opportunity in an overlooked sector.Adam Rozencwajg, Managing Partner at Goehring & Rozencwajg, returns to The Value Perspective podcast for a deep dive into commodity investing.He covers: [Read More →](https://blog.gorozen.com/blog/the-case-for-commodities) [![(MarketWatch) Why oil prices aren’t spiking despite Israel-Iran tensions](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.07%20Market%20Watch%20Interview%20-%20Adam%20Rozencwajg.png)](https://blog.gorozen.com/blog/why-oil-prices-arent-spiking-despite-israel-iran-tensions) ### [(MarketWatch) Why oil prices aren’t spiking despite Israel-Iran tensions](https://blog.gorozen.com/blog/why-oil-prices-arent-spiking-despite-israel-iran-tensions) 07/11/2025 Concerns about a global supply glut and an uncertain demand outlook continue to weigh on crude prices. Commodity experts Wasif Latif and Adam Rozencwajg share their insights on MarketWatch on what’s... [Read More →](https://blog.gorozen.com/blog/why-oil-prices-arent-spiking-despite-israel-iran-tensions) [![Peak Shale Amid Maximum Pessimism](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.06%20GR%20%23439%20-%20Peak%20Shale.png)](https://blog.gorozen.com/blog/peak-shale-amid-maximum-pessimism) ### [Peak Shale Amid Maximum Pessimism](https://blog.gorozen.com/blog/peak-shale-amid-maximum-pessimism) 07/02/2025 The article below is an excerpt from our Q1 2025 commentary. “In just 15 years, shale companies have increased U.S. oil production by about 8 million barrels of oil a day. The boom reduced the... [Read More →](https://blog.gorozen.com/blog/peak-shale-amid-maximum-pessimism) [![(Podcast) Market Outlook: Gold, Silver, Uranium — and Why We’re Bullish on Platinum](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.06%20Investing%20News%20Network%20Interview%20-%20Adam%20Rozencwajg.png)](https://blog.gorozen.com/blog/podcast-market-outlook-gold-silver-uranium-and-why-we-are-bullish-on-platinum) ### [(Podcast) Market Outlook: Gold, Silver, Uranium — and Why We’re Bullish on Platinum](https://blog.gorozen.com/blog/podcast-market-outlook-gold-silver-uranium-and-why-we-are-bullish-on-platinum) 06/27/2025 In a recent interview with the Investing News Network, Adam Rozencwajg, Managing Partner at Goehring & Rozencwajg, shared his latest insights into the precious metals and energy markets, including... [Read More →](https://blog.gorozen.com/blog/podcast-market-outlook-gold-silver-uranium-and-why-we-are-bullish-on-platinum) [![Positioning for the Next Commodity Surge: Insights from Adam Rozencwajg](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.06%20G%26R%20Blog%20%23437%20-%20Sprott%20Radio%20Podcast%20with%20Adam%20Rozencwajg%20%20(1).png)](https://blog.gorozen.com/blog/commodity-surge) ### [Positioning for the Next Commodity Surge: Insights from Adam Rozencwajg](https://blog.gorozen.com/blog/commodity-surge) 06/20/2025 Is the next major commodities cycle already underway? Adam Rozencwajg, Co-Founder and Managing Partner at Goehring & Rozencwajg, joins Ed Coyne of Sprott Radio for a timely conversation on the... [Read More →](https://blog.gorozen.com/blog/commodity-surge) [![How China, Tariffs, and Nuclear Power Are Reshaping Global Commodities](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.06%20G%26R%20Blog%20%23436%20-%20Kitco%20News%20Interview%20with%20Adam%20Rozencwajg%20.png)](https://blog.gorozen.com/blog/how-china-tariffs-and-nuclear-power-are-reshaping-global-commodities) ### [How China, Tariffs, and Nuclear Power Are Reshaping Global Commodities](https://blog.gorozen.com/blog/how-china-tariffs-and-nuclear-power-are-reshaping-global-commodities) 06/13/2025 A Global Market Shake-Up: Why Rozencwajg Says Real Assets Are the FutureIs a new commodities supercycle already underway? According to Adam Rozencwajg, Managing Partner at Goehring & Rozencwajg, the... [Read More →](https://blog.gorozen.com/blog/how-china-tariffs-and-nuclear-power-are-reshaping-global-commodities) [![Has the Great Commodity Bull Market Quietly Begun?](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.06%20GR%20%23435%20-%20Q1%20Commentary%20.png)](https://blog.gorozen.com/blog/has-the-great-commodity-bull-market-quietly-begun) ### [Has the Great Commodity Bull Market Quietly Begun?](https://blog.gorozen.com/blog/has-the-great-commodity-bull-market-quietly-begun) 06/04/2025 The article below is an excerpt from our Q1 2025 commentary. Has the Great Commodity Bull Market Quietly Begun? It is beginning to look that way. The signs are not yet shouted from the rooftops,... [Read More →](https://blog.gorozen.com/blog/has-the-great-commodity-bull-market-quietly-begun) [![The Hidden Revival of Platinum and Palladium](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.01%20GR%20%23434%20-%20PGMs.png)](https://blog.gorozen.com/blog/the-hidden-revival-of-platinum-and-palladium) ### [The Hidden Revival of Platinum and Palladium](https://blog.gorozen.com/blog/the-hidden-revival-of-platinum-and-palladium) 05/29/2025 The article below is an excerpt from our Q1 2025 commentary. “Platinum Breaking Out on Surging Demand From China” ~Bloomberg, May 20th, 2025“BMW bets on petrol and sees rocky road to... [Read More →](https://blog.gorozen.com/blog/the-hidden-revival-of-platinum-and-palladium) [![Podcast: Supercycle Incoming? Why Commodities Could Soar](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.05%20GR%20Blog%20%23433-%20VRIC%20Podcast%20(1).png)](https://blog.gorozen.com/blog/commodities-podcast-2025-vric) ### [Podcast: Supercycle Incoming? Why Commodities Could Soar](https://blog.gorozen.com/blog/commodities-podcast-2025-vric) 05/16/2025 We believe a global monetary reset is underway—with gold at the center. In our view, this shift is setting the stage for a commodity supercycle that could far surpass what most investors expect.We... [Read More →](https://blog.gorozen.com/blog/commodities-podcast-2025-vric) [![Podcast: The Stage is Set for Commodities to Shine](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.05%20GR%20Blog%20%23432-%20Peak%20Prosperity%20Podcast.png)](https://blog.gorozen.com/blog/commodities-podcast-2025) ### [Podcast: The Stage is Set for Commodities to Shine](https://blog.gorozen.com/blog/commodities-podcast-2025) 05/07/2025 Commodities are poised for a significant rise due to macroeconomic shifts, potential monetary regime changes, and the depletion paradox is now patrolling the US shale oil patch. In this insightful... [Read More →](https://blog.gorozen.com/blog/commodities-podcast-2025) [![On Commodities, Carry Regimes & Changes in Global Monetary Regimes](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.03%20G%26R%20Blog%20%23430%20-%20Commodities%20-%20Dow%20Ratio.png)](https://blog.gorozen.com/blog/commodities-2024q4) ### [On Commodities, Carry Regimes & Changes in Global Monetary Regimes](https://blog.gorozen.com/blog/commodities-2024q4) 04/01/2025 The article below is an excerpt from our Q4 2024 commentary. We believe the time to buy natural resource equities has arrived. History, with its characteristic flair for the dramatic, has shown that... [Read More →](https://blog.gorozen.com/blog/commodities-2024q4) [![Podcast: Adam Rozencwajg on Commodities, Nuclear Power, and Gold](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.03%20GR%20Blog%20%23429-%20The%20Grant%20Williams%20Podcast%20-1.png)](https://blog.gorozen.com/blog/commodities-nuclearpower-gold) ### [Podcast: Adam Rozencwajg on Commodities, Nuclear Power, and Gold](https://blog.gorozen.com/blog/commodities-nuclearpower-gold) 03/21/2025 In a fascinating discussion, Adam Rozencwajg joined host Grant Williams on The Grant Williams Podcast to delve into the intricate world of commodity markets and their far-reaching implications for... [Read More →](https://blog.gorozen.com/blog/commodities-nuclearpower-gold) [![Podcast: Doomsday Clock Ticks - Are We Close to a Monetary Shift?](https://blog.gorozen.com/hubfs/2025.03%20GR%20Blog%20%23355-%20Top%20Traders%20Unplugged%20%20Podcast%20.png)](https://blog.gorozen.com/blog/monetary-shift) ### [Podcast: Doomsday Clock Ticks - Are We Close to a Monetary Shift?](https://blog.gorozen.com/blog/monetary-shift) 03/11/2025 Adam Rozencwajg joined the Top Traders Unplugged podcast with hosts Niels Kaastrup-Larsen and Cem Karsan to tackle a pressing issue: the potential for an imminent monetary regime shift. The... [Read More →](https://blog.gorozen.com/blog/monetary-shift) [![Podcast: Gold Cycle Just Starting, Plus Silver and Uranium Outlook](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.02%20G%26R%20Blog%20-%20Investing%20News%20Network%20Interview%20-%20Adam.png)](https://blog.gorozen.com/blog/podcast-gold-investing) ### [Podcast: Gold Cycle Just Starting, Plus Silver and Uranium Outlook](https://blog.gorozen.com/blog/podcast-gold-investing) 02/28/2025 Is gold poised for a breakout? Adam Rozencwajg, CFA, Managing Partner of Goehring & Rozencwajg joined the Investing News Network and shared his insights on where the precious metal stands in its... [Read More →](https://blog.gorozen.com/blog/podcast-gold-investing) [![The Curious Case of Chinese Copper Consumption](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.02%20G%26R%20Blog%20%23426%20-%20Copper.png)](https://blog.gorozen.com/blog/copper-consumption-2024) ### [The Curious Case of Chinese Copper Consumption](https://blog.gorozen.com/blog/copper-consumption-2024) 02/21/2025 The article below is an excerpt from our Q3 2024 commentary. In last quarter's letter, we outlined a rising tide of bearish signals within the global copper market. Chief among them was the growing... [Read More →](https://blog.gorozen.com/blog/copper-consumption-2024) [![Precious Metals: The Return of the West](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.02%20G%26R%20Blog%20%23425%20-%20Gold.png)](https://blog.gorozen.com/blog/precious-metals-the-return-of-the-west) ### [Precious Metals: The Return of the West](https://blog.gorozen.com/blog/precious-metals-the-return-of-the-west) 02/13/2025 The article below is an excerpt from our Q3 2024 commentary. In the tumult of the global gold market, the past four years have unfolded as a clash of opposing forces. On one side, the steady... [Read More →](https://blog.gorozen.com/blog/precious-metals-the-return-of-the-west) [![Podcast: Peak Oil Arrives in the US Shale Patch. Are You Ready?](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.02%20GR%20Blog%20%23424-%20Peak%20Prosperity%20Podcast.png)](https://blog.gorozen.com/blog/podcast-peak-oil-2025) ### [Podcast: Peak Oil Arrives in the US Shale Patch. Are You Ready?](https://blog.gorozen.com/blog/podcast-peak-oil-2025) 02/04/2025 Adam Rozencwajg, CFA, Managing Partner at Goehring & Rozencwajg, joined the Peak Prosperity podcast, hosted by Dr. Chris Martenson to offer a contrarian investing perspective, showing how spotting... [Read More →](https://blog.gorozen.com/blog/podcast-peak-oil-2025) [![Podcast: Gold’s Revival, Uranium’s Surge, & Oil’s Hidden Value](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.02%20GR%20Blog%20%23423-%20VRIC%20Media%20Podcast.png)](https://blog.gorozen.com/blog/podcast-vric-commodities-outlook) ### [Podcast: Gold’s Revival, Uranium’s Surge, & Oil’s Hidden Value](https://blog.gorozen.com/blog/podcast-vric-commodities-outlook) 01/30/2025 Leigh Goehring and Adam Rozencwajg, CFA, joined Jesse Day of VRIC Media and dived deep into the commodities markets, offering insights into key trends and investment opportunities. Key takeaways from... [Read More →](https://blog.gorozen.com/blog/podcast-vric-commodities-outlook) [![A New Dawn for Nuclear Power](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.01%20GR%20%23422%20-%20Nuclear%20Power.png)](https://blog.gorozen.com/blog/a-new-dawn-for-nuclear-power) ### [A New Dawn for Nuclear Power](https://blog.gorozen.com/blog/a-new-dawn-for-nuclear-power) 01/23/2025 Nuclear Power is Back—and Bigger Than Ever! Once a symbol of fear, nuclear energy is now the solution to our climate crisis. Big names like Microsoft, Google, Amazon, and Meta are diving into the... [Read More →](https://blog.gorozen.com/blog/a-new-dawn-for-nuclear-power) [![Podcast: Capital Cycles, EVs, & Commodity Investing with Adam Rozencwajg](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.01%20GR%20Blog%20%23421-%20The%20Value%20Perspective%20Podcast.png)](https://blog.gorozen.com/blog/podcast-value-perspective) ### [Podcast: Capital Cycles, EVs, & Commodity Investing with Adam Rozencwajg](https://blog.gorozen.com/blog/podcast-value-perspective) 01/16/2025 Adam Rozencwajg, CFA, joined The Value Perspective Podcast, co-hosted by Juan Torres Rodriguez and Django Davidson from Hosking Partners. Together, they explore G&R’s deep value approach to... [Read More →](https://blog.gorozen.com/blog/podcast-value-perspective) [![Natural Resources Market Commentary - Q3 2024](https://blog.gorozen.com/hubfs/Blog/2025%20Blogs/2025.01%20GR%20%23420%20-%202024Q3%20Natural%20Resources%20Market.png)](https://blog.gorozen.com/blog/natural-resources-q3-2024) ### [Natural Resources Market Commentary - Q3 2024](https://blog.gorozen.com/blog/natural-resources-q3-2024) 01/09/2025 Q3 2024 natural resources saw volatility: Natural gas inventories fell, oil faced a contrarian opportunity, coal stocks rebounded, precious metals surged, uranium saw supply concerns &... [Read More →](https://blog.gorozen.com/blog/natural-resources-q3-2024) [![Natural Resource Investors  - Top 3 Blog Posts of 2024](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2025.01%20GR%20-%20Top%203%20Posts%20of%202024.png)](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-blog-posts-of-2024) ### [Natural Resource Investors  - Top 3 Blog Posts of 2024](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-blog-posts-of-2024) 01/03/2025 As Natural Resource Investors, our goal is to keep you updated on the latest developments in the commodities and natural resources sectors, empowering you to make well-informed investment decisions.... [Read More →](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-blog-posts-of-2024) [![The Depletion Paradox](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.12%20G%26R%20Blog%20%23418-%20The%20Depletion%20Paradox.png)](https://blog.gorozen.com/blog/the-depletion-paradox) ### [The Depletion Paradox](https://blog.gorozen.com/blog/the-depletion-paradox) 12/19/2024 The article below is an excerpt from our Q3 2024 commentary. The great drama of American shale production may now be nearing its final act. For years, we have anticipated that the relentless growth... [Read More →](https://blog.gorozen.com/blog/the-depletion-paradox) [![Uranium vs. Copper: Which one is the Better Long-Term Investment?](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.12%20G%26R%20Blog%20%23417-%20Copper%20and%20Uranium.png)](https://blog.gorozen.com/blog/copper-and-uranium-the-coming-divergence) ### [Uranium vs. Copper: Which one is the Better Long-Term Investment?](https://blog.gorozen.com/blog/copper-and-uranium-the-coming-divergence) 12/13/2024 The article below is an excerpt from our Q4 2023 commentary. “How the world’s biggest offshore wind company was blown off course: Denmark’s Ørsted was once seen as a model for how oil and gas giants... [Read More →](https://blog.gorozen.com/blog/copper-and-uranium-the-coming-divergence) [![\[Interview\] Leigh Goehring: Gold’s Bull Market Begins; Uranium & Copper Outlook](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.11%20G%26R%20Blog%20%23417%20-%20Investing%20News%20Network%20Interview%20-%20Leigh%20Goehring%20(1).png)](https://blog.gorozen.com/blog/leigh-goehring-gold-bull-market) ### [\[Interview\] Leigh Goehring: Gold’s Bull Market Begins; Uranium & Copper Outlook](https://blog.gorozen.com/blog/leigh-goehring-gold-bull-market) 11/21/2024 Leigh Goehring, Managing Partner at Goehring & Rozencwajg, recently spoke with the Investing News Network about why G&R believes the gold bull market is just starting and shared his insights on the... [Read More →](https://blog.gorozen.com/blog/leigh-goehring-gold-bull-market) [![Uranium: A Drama in the Making](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.11%20G%26R%20Blog%20%23416-%20Uranium%20.png)](https://blog.gorozen.com/blog/uranium-a-drama-in-the-making) ### [Uranium: A Drama in the Making](https://blog.gorozen.com/blog/uranium-a-drama-in-the-making) 11/14/2024 The article below is an excerpt from our Q2 2024 commentary and was first published on August 22, 2024, ahead of Kazatomprom’s announcement on August 23rd. “Uranium Fever Backed by Bill Gates Betting... [Read More →](https://blog.gorozen.com/blog/uranium-a-drama-in-the-making) [![US Natural Gas Production is Plummeting](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.11%20G%26R%20Blog%20%23415-%20Natural%20Gas%20Production.png)](https://blog.gorozen.com/blog/us-natural-gas-production-is-plummeting) ### [US Natural Gas Production is Plummeting](https://blog.gorozen.com/blog/us-natural-gas-production-is-plummeting) 11/07/2024 The article below is an excerpt from our Q2 2024 commentary. Natural gas production is plummeting—a condition noted by almost no analysts. Between December 2023 and May 2024, U.S. dry gas supply has... [Read More →](https://blog.gorozen.com/blog/us-natural-gas-production-is-plummeting) [![Natural Resources Market Commentary](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.10%20G%26R%20Blog%20%23414-%20Natural%20Resources.png)](https://blog.gorozen.com/blog/natural-resource-commentary-2024-q2) ### [Natural Resources Market Commentary](https://blog.gorozen.com/blog/natural-resource-commentary-2024-q2) 10/08/2024 The article below is an excerpt from our Q2 2024 commentary. Investors showed little interest in commodities and natural resource equities in the second quarter. The A.I. frenzy continues to... [Read More →](https://blog.gorozen.com/blog/natural-resource-commentary-2024-q2) [![Trump's Three Arrows](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.09%20G%26R%20Blog%20%23413%20-%20Trumps%20Three%20Arrows.png)](https://blog.gorozen.com/blog/trumps-three-arrows) ### [Trump's Three Arrows](https://blog.gorozen.com/blog/trumps-three-arrows) 09/27/2024 The article below is an excerpt from our Q2 2024 commentary. “Let us pledge that by 1980, under Project Independence, we shall be able to meet America’s energy needs from America’s own energy... [Read More →](https://blog.gorozen.com/blog/trumps-three-arrows) [![Gold Stocks Have Never Been Cheaper](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.09%20G%26R%20Blog%20%23412%20-%20Gold%20Stocks.png)](https://blog.gorozen.com/blog/gold-stocks-cheap) ### [Gold Stocks Have Never Been Cheaper](https://blog.gorozen.com/blog/gold-stocks-cheap) 09/13/2024 The article below is an excerpt from our Q2 2024 commentary. As we write, gold has surged past the $2,500 mark for the first time in history, an event that would seem to herald a golden age for gold... [Read More →](https://blog.gorozen.com/blog/gold-stocks-cheap) [![What is the Cost of Being Early?](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.09%20Commodities%20-%20Dow%20Jones%20Ratio.png)](https://blog.gorozen.com/blog/what-is-the-cost-of-being-early) ### [What is the Cost of Being Early?](https://blog.gorozen.com/blog/what-is-the-cost-of-being-early) 09/05/2024 Prefer to listen to this article? Please click the play button above. The article below is an excerpt from our Q2 2024 commentary. We first unveiled this chart (shown below) in our 1Q2019 letter and... [Read More →](https://blog.gorozen.com/blog/what-is-the-cost-of-being-early) [![Uranium Markets: A Drama in the Making](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.08%20G%26R%20Blog%20%23411%20-%20Uranium.png)](https://blog.gorozen.com/blog/uranium-markets) ### [Uranium Markets: A Drama in the Making](https://blog.gorozen.com/blog/uranium-markets) 08/21/2024 Prefer to listen to this article? Please click the play button above. "Uranium Fever Backed by Bill Gates Betting on Nuclear Energy"~ Bloomberg 7/09/2024"One of The Last Holdouts, Australia Weighs... [Read More →](https://blog.gorozen.com/blog/uranium-markets) [![What Can GAAP Accounting Teach Us About the Energy Transition?](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.08%20G%26R%20Blog%20%23410%20-%20What%20Can%20GAAP%20Accounting%20Teach%20Us%20About%20the%20Energy%20Transition.png)](https://blog.gorozen.com/blog/energy-transition) ### [What Can GAAP Accounting Teach Us About the Energy Transition?](https://blog.gorozen.com/blog/energy-transition) 08/15/2024 Prefer to listen to this article? Please click the play button above. The article below is an excerpt from our Q1 2024 commentary. In the wake of the 1929 stock market crash and the Great... [Read More →](https://blog.gorozen.com/blog/energy-transition) [![That Took Awhile - Somebody Finally Recognizes the Dangers of the IEA](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.08%20G%26R%20Blog%20%23409%20-%20Somebody%20Finally%20Recognizes%20the%20Dangers%20of%20the%20IEA.png)](https://blog.gorozen.com/blog/iea-dangers) ### [That Took Awhile - Somebody Finally Recognizes the Dangers of the IEA](https://blog.gorozen.com/blog/iea-dangers) 08/08/2024 Prefer to listen to this article? Please click the play button above. The article below is an excerpt from our Q1 2024 commentary. The following is an excerpt from an open letter written by John... [Read More →](https://blog.gorozen.com/blog/iea-dangers) [![Remembering the Massive Crude Bull Markets of the 1970s and 2000s](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.07%20G%26R%20Blog%20%23408%20-%20Remembering%20the%20Massive%20Crude%20Bull%20Markets%20of%20the%201970s%20and%202000s.png)](https://blog.gorozen.com/blog/crude-bull-markets) ### [Remembering the Massive Crude Bull Markets of the 1970s and 2000s](https://blog.gorozen.com/blog/crude-bull-markets) 08/01/2024 Prefer to listen to this article? Please click the play button above. The article below is an excerpt from our Q1 2024 commentary. WTI Crude Oil1/1/1970: $3.182/15/1981: $34.301/1/2000: $25.55... [Read More →](https://blog.gorozen.com/blog/crude-bull-markets) [![\[Interview\] Leigh Goehring On The Present State of The Energy Markets](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.07%20G%26R%20Blog%20%23407%20-%20Leigh%20interview%20.png)](https://blog.gorozen.com/blog/leigh-goehring-energy-markets-july-2024) ### [\[Interview\] Leigh Goehring On The Present State of The Energy Markets](https://blog.gorozen.com/blog/leigh-goehring-energy-markets-july-2024) 07/26/2024 Exciting developments are unfolding in the global oil and North American natural gas markets, presenting a unique opportunity for investors willing to take a contrarian approach. We believe there is... [Read More →](https://blog.gorozen.com/blog/leigh-goehring-energy-markets-july-2024) [![\[Interview\] Monetary System Revolution on The Horizon with Adam Rozencwajg and WTFinance](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.07%20GR%20Blog%20%23405-%20WTFinance%20Podcast%20(1).png)](https://blog.gorozen.com/blog/monetary-system-revolution-on-the-horizon) ### [\[Interview\] Monetary System Revolution on The Horizon with Adam Rozencwajg and WTFinance](https://blog.gorozen.com/blog/monetary-system-revolution-on-the-horizon) 07/18/2024 Adam Rozencwajg teamed up with WTFinance podcast host Anthony Fatseas to delve into the looming Monetary System Revolution. In this intriguing episode of the WTFinance podcast, the discussion... [Read More →](https://blog.gorozen.com/blog/monetary-system-revolution-on-the-horizon) [![On LNG, AI, and Shale Supply – We Believe the Turn in North American Natural Gas is Here](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.07%20G%26R%20Blog%20%23406.png)](https://blog.gorozen.com/blog/north-american-natural-gas) ### [On LNG, AI, and Shale Supply – We Believe the Turn in North American Natural Gas is Here](https://blog.gorozen.com/blog/north-american-natural-gas) 07/10/2024 Prefer to listen to this article? Please click the play button above. The article below is an excerpt from our Q1 2024 commentary. We believe the North American natural gas market has reached a... [Read More →](https://blog.gorozen.com/blog/north-american-natural-gas) [![\[Interview\] Commodities and Geo-Political Risks with Rozencwajg and Yra Harris](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.04%20GR%20Blog%20%23404-Financial%20Repression%20Authority%20-%20Twitter%20(3)-1.png)](https://blog.gorozen.com/blog/commodities-geo-political-risks) ### [\[Interview\] Commodities and Geo-Political Risks with Rozencwajg and Yra Harris](https://blog.gorozen.com/blog/commodities-geo-political-risks) 06/27/2024 Adam Rozencwajg and Yra Harris joined the Financial Repression Authority to discuss Commodities and Geo-Political Risks. They offer valuable perspectives on the overall economy and financial... [Read More →](https://blog.gorozen.com/blog/commodities-geo-political-risks) [![\[Interview\] Gold's Bull Run: Just Getting Started?](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.06%20KITCO%20News%20Interview%20-%20Adam%20Rozencwajg%20-%20Golds%20Bull%20Run.png)](https://blog.gorozen.com/blog/kitco-rozencwajg-interview-gold) ### [\[Interview\] Gold's Bull Run: Just Getting Started?](https://blog.gorozen.com/blog/kitco-rozencwajg-interview-gold) 06/20/2024 During his interview with Jeremy Szafron of KITCO News, Adam Rozencwajg, Managing Partner at Goehring & Rozencwajg, delves deep into the intricate dynamics of the precious metals market. By focusing... [Read More →](https://blog.gorozen.com/blog/kitco-rozencwajg-interview-gold) [![\[Interview\] Commodities Have 'Never, Ever' Been More Undervalued Than Today](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.05%20G%26R%20Blog%20%23402-%20Commodity%20Culture%20interview%20with%20Leigh%20Goehring.png)](https://blog.gorozen.com/blog/leigh-goehring-commodities) ### [\[Interview\] Commodities Have 'Never, Ever' Been More Undervalued Than Today](https://blog.gorozen.com/blog/leigh-goehring-commodities) 05/29/2024 Leigh Goehring, Managing Partner at G&R and a seasoned investor in natural resources, recently shared his wealth of experience on the Commodity Culture podcast. His message is clear: the time to dive... [Read More →](https://blog.gorozen.com/blog/leigh-goehring-commodities) [![\[Podcast\] MacroVoices - AI Demand, Energy & Precious Metals](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.05%20GR%20Blog%20%23401-%20MacroVoices%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/macrovoices-podcast-ai-demand-energy-precious-metals) ### [\[Podcast\] MacroVoices - AI Demand, Energy & Precious Metals](https://blog.gorozen.com/blog/macrovoices-podcast-ai-demand-energy-precious-metals) 05/22/2024 Adam Rozencwajg, Managing Partner at G&R, recently joined the MacroVoices podcast, hosted by Erik Townsend and Patrick Ceresna, to provide insightful updates on the energy markets, precious metals... [Read More →](https://blog.gorozen.com/blog/macrovoices-podcast-ai-demand-energy-precious-metals) [![Grain Traders Approach Record Bearish Levels](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.05%20G%26R%20Blog%20%23400-%20Grain%20Traders.png)](https://blog.gorozen.com/blog/grain-traders-approach-record-bearish-levels) ### [Grain Traders Approach Record Bearish Levels](https://blog.gorozen.com/blog/grain-traders-approach-record-bearish-levels) 05/16/2024 Prefer to listen to this article? Please click the play button above. The article below is an excerpt from our Q4 2023 commentary. Over the last sixteen months, weak grain prices have left traders... [Read More →](https://blog.gorozen.com/blog/grain-traders-approach-record-bearish-levels) [![\[Interview\] Valuable Insights on Investing in Gold, Silver & Bitcoin](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.05%20G%26R%20Blog%20%23399%20Grizzle%20Live%20Conference%20Interview%20-%20Adam%20Rozencwajg%20.png)](https://blog.gorozen.com/blog/investing-in-gold-silver-bitcoin) ### [\[Interview\] Valuable Insights on Investing in Gold, Silver & Bitcoin](https://blog.gorozen.com/blog/investing-in-gold-silver-bitcoin) 05/08/2024 Where does G&R stand on Bitcoin? Does Bitcoin deserve a place in a diversified portfolio along with gold? Adam Rozencwajg, CFA, answers these questions and many more on investing in gold, silver and... [Read More →](https://blog.gorozen.com/blog/investing-in-gold-silver-bitcoin) [![New Copper Technologies](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/_2024.05%20G%26R%20Blog%20%23398%20-%20New%20Copper%20%20Technologies.png)](https://blog.gorozen.com/blog/new-copper-technologies) ### [New Copper Technologies](https://blog.gorozen.com/blog/new-copper-technologies) 05/03/2024 The article below is an excerpt from our Q4 2023 commentary. Copper demand was extremely strong in 2023, growing 7.3% year-on-year over the first ten months, according to the World Bureau of Metal... [Read More →](https://blog.gorozen.com/blog/new-copper-technologies) [![Uranium Mine Supply Faces Challenges](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.04%20G%26R%20Blog%20%23397%20-%20Uranium%20Mine%20Supply%20Faces%20Challenges.png)](https://blog.gorozen.com/blog/uranium-mine-supply-faces-challenges) ### [Uranium Mine Supply Faces Challenges](https://blog.gorozen.com/blog/uranium-mine-supply-faces-challenges) 04/24/2024 The article below is an excerpt from our Q4 2023 commentary. On January 12th, Kazatomprom, the publicly traded Kazakh national uranium company, shocked the markets by announcing it could not meet... [Read More →](https://blog.gorozen.com/blog/uranium-mine-supply-faces-challenges) [![\[Interview\] Will EVs Succeed? Efficiency, Emissions and a Potential Catalyst](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.04%20Investing%20News%20Network%20Interview%20-%20Adam%20Rozencwajg%20-%20EVs.png)](https://blog.gorozen.com/blog/will-evs-succeed) ### [\[Interview\] Will EVs Succeed? Efficiency, Emissions and a Potential Catalyst](https://blog.gorozen.com/blog/will-evs-succeed) 04/17/2024 Electric vehicles (EVs) have been widely hailed as a key part of the transition to green energy, but are they helping as much as we think they are? Adam Rozencwajg, CFA, spoke with Charlotte McLeod... [Read More →](https://blog.gorozen.com/blog/will-evs-succeed) [![Is Gas the New Uranium?](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.04%20G%26R%20Blog%20%23395%20-%20Is%20Gas%20the%20New%20Uranium.png)](https://blog.gorozen.com/blog/is-gas-the-new-uranium) ### [Is Gas the New Uranium?](https://blog.gorozen.com/blog/is-gas-the-new-uranium) 04/11/2024 The article below is an excerpt from our Q4 2023 commentary. Five years ago, we became uranium bulls. We explained how the market had quietly slipped into a structural deficit, with reactor demand... [Read More →](https://blog.gorozen.com/blog/is-gas-the-new-uranium) [![Is US Oil Production Surging?](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.04%20G%26R%20Blog%20%23394%20-%20Is%20US%20Oil%20Production%20Surging.png)](https://blog.gorozen.com/blog/is-us-oil-production-surging) ### [Is US Oil Production Surging?](https://blog.gorozen.com/blog/is-us-oil-production-surging) 04/03/2024 The article below is an excerpt from our Q4 2023 commentary. The biggest mystery in oil markets surrounds the apparent surge in US production. At the beginning of 2023, we predicted shale growth... [Read More →](https://blog.gorozen.com/blog/is-us-oil-production-surging) [![Further Ruminations on Saudi Arabia’s Oil Reserves](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.03%20G%26R%20Blog%20%23393%20-%20Saudi%20Arabias%20Oil%20Reserves.png)](https://blog.gorozen.com/blog/saudi-arabias-oil-reserves) ### [Further Ruminations on Saudi Arabia’s Oil Reserves](https://blog.gorozen.com/blog/saudi-arabias-oil-reserves) 03/27/2024 The article below is an excerpt from our Q4 2023 commentary. “Saudi Aramco Abruptly Drops Plans to Expand Oil Production,” ~ The New York Times, January 30, 2024 In an unexpected move, Aramco, the... [Read More →](https://blog.gorozen.com/blog/saudi-arabias-oil-reserves) [![Natural Resources Market Overview](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.03%20G%26R%20Blog%20%23392%20-%20Natural%20Resource%20Market%20Overview.png)](https://blog.gorozen.com/blog/4q-2024-natural-resources-market) ### [Natural Resources Market Overview](https://blog.gorozen.com/blog/4q-2024-natural-resources-market) 03/21/2024 The article below is an excerpt from our Q4 2023 commentary. Commodities were mixed during the fourth quarter. The Goldman Sachs Commodity Index (GSCI), heavily weighted toward energy, fell by a... [Read More →](https://blog.gorozen.com/blog/4q-2024-natural-resources-market) [![\[Podcast\] Convince Me in 15 Minutes... That Uranium is in a Bull Market.](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.03%20GR%20Blog%20%23391-%20Convince%20Me%20in%2015%20Min%20-%20Twitter.png)](https://blog.gorozen.com/blog/is-uranium-in-a-bull-market) ### [\[Podcast\] Convince Me in 15 Minutes... That Uranium is in a Bull Market.](https://blog.gorozen.com/blog/is-uranium-in-a-bull-market) 03/07/2024 Challenge Accepted: Convince Me in 15 Minutes That Uranium is in a Bull Market. Joining the engaging podcast, Convince Me in 15 Minutes, Adam Rozencwajg makes a compelling argument for the promising... [Read More →](https://blog.gorozen.com/blog/is-uranium-in-a-bull-market) [![The Norwegian Illusion](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.02%20G%26R%20Blog%20%23390%20-%20Oil.png)](https://blog.gorozen.com/blog/the-norwegian-illusion) ### [The Norwegian Illusion](https://blog.gorozen.com/blog/the-norwegian-illusion) 02/28/2024 The article below is an excerpt from our Q4 2023 commentary. “Electric vehicles (EVs) are pilling up on lots across the country as the green revolution hits a speed bump, data show.” ~ USA Today,... [Read More →](https://blog.gorozen.com/blog/the-norwegian-illusion) [![Oil: From Uninvestible to Must Own](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.02%20G%26R%20Blog%20%23389%20-%20Oil.png)](https://blog.gorozen.com/blog/investing-in-oil) ### [Oil: From Uninvestible to Must Own](https://blog.gorozen.com/blog/investing-in-oil) 02/27/2024 The article below is an excerpt from our Q3 2023 commentary. There are notable similarities between the uranium market twelve months ago and today’s oil market. Almost overnight, uranium went from... [Read More →](https://blog.gorozen.com/blog/investing-in-oil) [![\[Podcast\] Energy Demand is Massively Misunderstood, Here's Why We're Bullish](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.02%20GR%20Blog%20%23388-Commodity%20Culture%20Podcast%20-%20Twitter.png)](https://blog.gorozen.com/blog/energy-demand) ### [\[Podcast\] Energy Demand is Massively Misunderstood, Here's Why We're Bullish](https://blog.gorozen.com/blog/energy-demand) 02/16/2024 "Wouldn't a recession and continued economic weakness reduce energy demand and thus be bearish for oil and gas prices?" This is a common question that frequently arises during discussions on the ... [Read More →](https://blog.gorozen.com/blog/energy-demand) [![\[Podcast\] Peak Oil is Closer Than You Think](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.02%20GR%20Blog%20%23387-%20Off%20the%20Cuff%20Podcast%20-%20Twitter.png)](https://blog.gorozen.com/blog/peak-oil-podcast) ### [\[Podcast\] Peak Oil is Closer Than You Think](https://blog.gorozen.com/blog/peak-oil-podcast) 02/09/2024 The Permian shale oil basin is very close to peaking out. When it does, everything changes for the US and the world. "Everyone thought 2019 was the all-time high for Energy and Oil demand and that... [Read More →](https://blog.gorozen.com/blog/peak-oil-podcast) [![Rising Rates and Robust Gold Demand?](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.01%20G%26R%20Blog%20%23385%20-%20Gold.png)](https://blog.gorozen.com/blog/gold-demand) ### [Rising Rates and Robust Gold Demand?](https://blog.gorozen.com/blog/gold-demand) 02/02/2024 The article below is an excerpt from our Q3 2023 commentary. Real interest rates and gold have always moved in opposite directions. When real interest rates rise, gold falls, and when real rates... [Read More →](https://blog.gorozen.com/blog/gold-demand) [![Debate on Peak Cheap Oil: Fact Or Overblown Fear? Doomberg vs Rozencwajg](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.01%20GR%20Blog%20%23386-%20Doomberg%20vs.%20Rozencwajg%20Oil%20debate%20-%20Resized.png)](https://blog.gorozen.com/blog/peak-cheap-oil-doomberg-rozencwajg) ### [Debate on Peak Cheap Oil: Fact Or Overblown Fear? Doomberg vs Rozencwajg](https://blog.gorozen.com/blog/peak-cheap-oil-doomberg-rozencwajg) 01/26/2024 Looking at the next 50 years, is the threat of Peak Cheap Oil fact or overblown fear? A month has passed since energy analyst Doomberg released his controversial report titled "Peak Cheap Oil Is A... [Read More →](https://blog.gorozen.com/blog/peak-cheap-oil-doomberg-rozencwajg) [![The Great Convergence: North American Natural Gas and the Looming Shift in Global Energy Economics](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.01%20GR%20Blog%20%23384%20-%20The%20Great%20Convergence.png)](https://blog.gorozen.com/blog/natural-gas-market) ### [The Great Convergence: North American Natural Gas and the Looming Shift in Global Energy Economics](https://blog.gorozen.com/blog/natural-gas-market) 01/19/2024 The article below is an excerpt from our Q3 2023 commentary. North American natural gas is the cheapest energy molecule on the planet by as much as 75%. Over the next twelve months, we believe this... [Read More →](https://blog.gorozen.com/blog/natural-gas-market) [![Uranium: New Market Star](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.01%20G%26R%20Blog%20%23382%20-%20Uranium%20Market%20Star.png)](https://blog.gorozen.com/blog/uranium-market-star) ### [Uranium: New Market Star](https://blog.gorozen.com/blog/uranium-market-star) 01/12/2024 The article below is an excerpt from our Q3 2023 commentary. In 2018, uranium assets were widely considered to be stranded assets. Following the 2011 Japanese earthquake and tsunami, utilities... [Read More →](https://blog.gorozen.com/blog/uranium-market-star) [![Natural Resource Investors  - Top 3 Blog Posts of 2023](https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.01%20GR%20-%20Top%203%20Posts%20-%20Twitter.png)](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-blog-posts-of-2023) ### [Natural Resource Investors  - Top 3 Blog Posts of 2023](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-blog-posts-of-2023) 01/05/2024 As Natural Resource Investors, we aim to keep investors informed of what is happening in the commodities and natural resources sectors so that you can make informed investment decisions. In 2023, a... [Read More →](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-blog-posts-of-2023) [![The Green Mirage: Unmasking the Harsh Realities of Renewable Energy Investments](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.12%20G%26R%20Blog%20%23380%20-%20Twitter%20.png)](https://blog.gorozen.com/blog/renewable-energy-investments) ### [The Green Mirage: Unmasking the Harsh Realities of Renewable Energy Investments](https://blog.gorozen.com/blog/renewable-energy-investments) 12/22/2023 The article below is an excerpt from our Q3 2023 commentary. In late 2021, we made a bold and deeply contrarian call: we predicted massive capital flows into renewable energy could potentially... [Read More →](https://blog.gorozen.com/blog/renewable-energy-investments) [![Jevons Paradox: Improved Energy Efficiency Increases Demand - Let's Discuss](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.12%20G%26R%20Blog%20%23378%20-%20Jevons%20Paradox.png)](https://blog.gorozen.com/blog/dr-jevons-paradox-energy-demand) ### [Jevons Paradox: Improved Energy Efficiency Increases Demand - Let's Discuss](https://blog.gorozen.com/blog/dr-jevons-paradox-energy-demand) 12/14/2023 The article below is an excerpt from our Q3 2023 commentary. “It is a confusion of ideas to suppose that the economical use of fuel is equivalent to diminished consumption. The very contrary is the... [Read More →](https://blog.gorozen.com/blog/dr-jevons-paradox-energy-demand) [![\[Podcast\] Adam Rozencwajg joins Money Life with Chuck Jaffe](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.12%20GR%20Blog%20%23377-%20Money%20Life%20Podcast%20-%20Twitter.png)](https://blog.gorozen.com/blog/money-life-podcast-chuck-jaffe) ### [\[Podcast\] Adam Rozencwajg joins Money Life with Chuck Jaffe](https://blog.gorozen.com/blog/money-life-podcast-chuck-jaffe) 12/08/2023 Adam Rozencwajg, CFA, Managing Partner at Goehring & Rozencwajg, joined "Money Life with Chuck Jaffee" to discuss investing in natural resources and commodities in today's market. We invite you to... [Read More →](https://blog.gorozen.com/blog/money-life-podcast-chuck-jaffe) [![Copper Inventory Not Signaling Recession](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.11%20G%26R%20Blog%20%23376%20-%20Copper%20Inventory.png)](https://blog.gorozen.com/blog/copper-inventory) ### [Copper Inventory Not Signaling Recession](https://blog.gorozen.com/blog/copper-inventory) 11/21/2023 The article below is an excerpt from our Q2 2023 commentary. Driven by concerns of an impending global recession, copper sentiment remained bearish during the second quarter. On the other hand,... [Read More →](https://blog.gorozen.com/blog/copper-inventory) [![\[Podcast\] What is Happening in the Energy Markets?](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.11%20GR%20Blog%20%23375-%20WTFinance%20Podcast.png)](https://blog.gorozen.com/blog/wtfinance-podcast-energy-markets) ### [\[Podcast\] What is Happening in the Energy Markets?](https://blog.gorozen.com/blog/wtfinance-podcast-energy-markets) 11/17/2023 What is happening in the energy markets? Why is there an underinvestment in energy over the past decade? What is the risk of price fluctuations? What does this mean for prices? Adam Rozencwajg, CFA,... [Read More →](https://blog.gorozen.com/blog/wtfinance-podcast-energy-markets) [![\[HC Insider Podcast\] Renewables, Natural Gas and Nukes](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.11%20GR%20Blog%20%23374-%20HC%20Insider%20Podcast%20-%20Twitter.png)](https://blog.gorozen.com/blog/hc-insider-podcast-commodities) ### [\[HC Insider Podcast\] Renewables, Natural Gas and Nukes](https://blog.gorozen.com/blog/hc-insider-podcast-commodities) 11/09/2023 In 2023, renewables are grappling with rising costs and higher interest rates. The perception of nuclear power in the energy transition is shifting. Is this a long-term change? Natural gas remains a... [Read More →](https://blog.gorozen.com/blog/hc-insider-podcast-commodities) [![\[Podcast\] How Do You Solve A Problem Like Inflation?](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.11%20GR%20Blog%20%23373-%20Grant%20Williams%20Podcast.png)](https://blog.gorozen.com/blog/inflation-podcast) ### [\[Podcast\] How Do You Solve A Problem Like Inflation?](https://blog.gorozen.com/blog/inflation-podcast) 11/01/2023 In this episode of The Super Terrific Happy Hour podcast, Stephanie Pomboy and Grant Williams are joined by a panel of guests to discuss the macro environment as it pertains to inflation and how each... [Read More →](https://blog.gorozen.com/blog/inflation-podcast) [![\[INTERVIEW\] Uranium at Inflection Point, Will Get Completely Out of Hand](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.10%20G%26R%20Blog%20%23372%20-%20Uranium%20Stock%20Market%20(1).png)](https://blog.gorozen.com/blog/uranium-market-update-forecast) ### [\[INTERVIEW\] Uranium at Inflection Point, Will Get Completely Out of Hand](https://blog.gorozen.com/blog/uranium-market-update-forecast) 10/24/2023 "I think that it's entirely plausible to see uranium at US$300 in a spike," ~Adam Rozencwajg, Managing Partner, Goehring & Rozencwajg Adam Rozencwajg joined Charlotte McLeod of the Investing News... [Read More →](https://blog.gorozen.com/blog/uranium-market-update-forecast) [![Natural Gas Markets on the Verge](https://blog.gorozen.com/hubfs/Blog/2023.10%20G%26R%20Blog%20%23371%20-%20Natural%20Gas%20Markets.png)](https://blog.gorozen.com/blog/natural-gas-markets) ### [Natural Gas Markets on the Verge](https://blog.gorozen.com/blog/natural-gas-markets) 10/05/2023 The article below is an excerpt from our Q2 2023 commentary. In our view, natural gas prices are reaching a turning point. Gas spiked to decade highs last spring following Russia’s invasion of... [Read More →](https://blog.gorozen.com/blog/natural-gas-markets) [![The Coming Surge: Oil’s Bullish Horizon Amid Investor Apathy](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.09%20G%26R%20Blog%20%23370%20-%20Oil.png)](https://blog.gorozen.com/blog/oil-market-natural-resources) ### [The Coming Surge: Oil’s Bullish Horizon Amid Investor Apathy](https://blog.gorozen.com/blog/oil-market-natural-resources) 09/29/2023 The article below is an excerpt from our Q2 2023 commentary. We believe oil is on the verge of a sharp rally. As we write this, West Texas Intermediate and Brent trade for $84 and $87 per barrel,... [Read More →](https://blog.gorozen.com/blog/oil-market-natural-resources) [![\[INTERVIEW\] Geopolitical Risk within Natural Resources Markets](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.09%20G%26R%20Blog%20%23369-%20Lykeion%20interview%20.png)](https://blog.gorozen.com/blog/geopolitical-risk-natural-resources) ### [\[INTERVIEW\] Geopolitical Risk within Natural Resources Markets](https://blog.gorozen.com/blog/geopolitical-risk-natural-resources) 09/22/2023 In this episode, Adam Rozencwajg joined Jacob Shapiro of the Lykeion Channel for an inaugural episode of "The Geopolitics of Commodities".Adam and Jacob discuss a wide range of topics including... [Read More →](https://blog.gorozen.com/blog/geopolitical-risk-natural-resources) [![The Uranium Bull: Defying Trends and Redefining Energy Markets](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.09%20G%26R%20Blog%20%23369-%20Uranium%20-%20Twitter.png)](https://blog.gorozen.com/blog/uranium-bull-market) ### [The Uranium Bull: Defying Trends and Redefining Energy Markets](https://blog.gorozen.com/blog/uranium-bull-market) 09/14/2023 The article below is an excerpt from our Q2 2023 commentary. Why has uranium rallied while every other energy commodity has collapsed? Over the past twelve months, spot uranium advanced 12% while... [Read More →](https://blog.gorozen.com/blog/uranium-bull-market) [![Natural Resource Market Commentary: Q2 2023](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.09%20G%26R%20Blog%20%23367-%20Natural%20Resources%20Commentary-2.png)](https://blog.gorozen.com/blog/natural-resources-commentary) ### [Natural Resource Market Commentary: Q2 2023](https://blog.gorozen.com/blog/natural-resources-commentary) 09/07/2023 The article below is an excerpt from our Q2 2023 commentary. Commodities and related natural resource markets were broadly weak in the second quarter. Investors remained concerned about a global... [Read More →](https://blog.gorozen.com/blog/natural-resources-commentary) [![The Upcoming Gold Bull Market: How High Will Gold Prices Go?](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.08%20G%26R%20Blog%20%23366-%20Gold%20Bull%20Market%20-%20Twitter.png)](https://blog.gorozen.com/blog/gold-bull-market-prices) ### [The Upcoming Gold Bull Market: How High Will Gold Prices Go?](https://blog.gorozen.com/blog/gold-bull-market-prices) 08/31/2023 The article below is an excerpt from our Q2 2023 commentary. Gold is no different than any other asset class: it becomes popular, rises in price, is overvalued, and ultimately represents a poor... [Read More →](https://blog.gorozen.com/blog/gold-bull-market-prices) [![Golden Foresight](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.08%20G%26R%20Blog%20%23365%20-%20Golden%20Foresight.png)](https://blog.gorozen.com/blog/golden-foresight) ### [Golden Foresight](https://blog.gorozen.com/blog/golden-foresight) 08/24/2023 The article below is an excerpt from our Q2 2023 commentary.Picture it, if you will: December of 2029. In a dimly lit private dining room, the sound of cutlery clinking blends with spirited... [Read More →](https://blog.gorozen.com/blog/golden-foresight) [![The Bull Market for Gold and Silver: 1970s vs Today](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.08%20G%26R%20Blog%20%23364%20-%20Central%20Banks%20-%20Twitter.png)](https://blog.gorozen.com/blog/central-banks) ### [The Bull Market for Gold and Silver: 1970s vs Today](https://blog.gorozen.com/blog/central-banks) 08/10/2023 The article below is an excerpt from our Q1 2023 commentary.We are using the 1970s as an analog for precious metals this decade. So far, it is proving to be prescient. By 1974, silver had... [Read More →](https://blog.gorozen.com/blog/central-banks) [![\[INTERVIEW\] The Next Opportunity: Are We in a Commodity Supercycle?](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.08%20G%26R%20Blog%20%23363%20-%20UBS%20%20Interview%20-%20Adam%20Rozencwajg.png)](https://blog.gorozen.com/blog/commodity-supercycle-podcast) ### [\[INTERVIEW\] The Next Opportunity: Are We in a Commodity Supercycle?](https://blog.gorozen.com/blog/commodity-supercycle-podcast) 08/03/2023 Are we in a commodity supercycle? In this episode, Adam Rozencwajg, Managing Partner at G&R, joined UBS's Paul Stefansson to explore the future of the commodity market and how the energy transition... [Read More →](https://blog.gorozen.com/blog/commodity-supercycle-podcast) [![\[Podcast\] MacroVoices - Global Food Crisis Update ft. Leigh Goehring](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.07%20GR%20Blog%20%23362%20-%20Leigh%20Goehring%20Interview%20MacroVoices.png)](https://blog.gorozen.com/blog/macrovoices-podcast-global-food-crisis) ### [\[Podcast\] MacroVoices - Global Food Crisis Update ft. Leigh Goehring](https://blog.gorozen.com/blog/macrovoices-podcast-global-food-crisis) 07/27/2023 Leigh Goehring, Managing Partner at G&R, recently joined the MacroVoices podcast, hosted by Erik Townsend and Patrick Ceresna, to provide an insightful update on the global food crisis. This crisis... [Read More →](https://blog.gorozen.com/blog/macrovoices-podcast-global-food-crisis) [![The US Reserve Currency & Commodities](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.07%20G%26R%20Blog%20%23361-%20US%20Reserve.png)](https://blog.gorozen.com/blog/the-us-reserve-currency-and-commodities) ### [The US Reserve Currency & Commodities](https://blog.gorozen.com/blog/the-us-reserve-currency-and-commodities) 07/24/2023 The article below is an excerpt from our Q1 2023 commentary.In 2016, we published the following chart comparing commodities to the Dow Jones Industrial Average. Mr. Gundlach of DoubleLine had issued... [Read More →](https://blog.gorozen.com/blog/the-us-reserve-currency-and-commodities) [![Roundtable Discussion on the Energy Markets ft. Adam Rozencwajg](https://blog.gorozen.com/hubfs/2023.07%20GR%20Blog%20%23360%20-%20Roundtable%20Discussion%20Energy%20Markets.png)](https://blog.gorozen.com/blog/roundtable-energy-markets) ### [Roundtable Discussion on the Energy Markets ft. Adam Rozencwajg](https://blog.gorozen.com/blog/roundtable-energy-markets) 07/14/2023 "From a supply perspective (regarding the energy market) I think we are at a very dangerous and important inflection point right now -- and that's because the shale basins which heretofore have been... [Read More →](https://blog.gorozen.com/blog/roundtable-energy-markets) [![Top 3 Goehring & Rozencwajg Posts of 2023](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.07%20G%26R%20Blog%20%23359%20-%20Top%203%20Posts%20-%20Twitter.png)](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-posts-of-2023-07) ### [Top 3 Goehring & Rozencwajg Posts of 2023](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-posts-of-2023-07) 07/10/2023 We're halfway through the year, so we thought it would be a perfect time for us to pause and reflect on our written works. Below are the three most viewed blog posts for the year 2023 so far. Thank... [Read More →](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-posts-of-2023-07) [![The Permian Basin Is Depleting Faster Than We Thought](https://blog.gorozen.com/hubfs/2023.06%20G%26R%20Blog%20%23358%20-%20Permian%20Basin%20Depleting.png)](https://blog.gorozen.com/blog/the-permian-basin) ### [The Permian Basin Is Depleting Faster Than We Thought](https://blog.gorozen.com/blog/the-permian-basin) 06/30/2023 The article below is an excerpt from our Q1 2023 commentary.The most crucial development in global oil markets is depletion in the Permian basin. We first warned about this in 2018, predicting the... [Read More →](https://blog.gorozen.com/blog/the-permian-basin) [![Is Gold in a New Bull Market Phase?](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.06%20Investing%20News%20Network%20Interview%20-%20Adam%20Rozencwajg-1.png)](https://blog.gorozen.com/blog/is-gold-in-a-new-bull-market-phase) ### [Is Gold in a New Bull Market Phase?](https://blog.gorozen.com/blog/is-gold-in-a-new-bull-market-phase) 06/23/2023 "We think that gold has entered into a new phase of this bull market," said Adam Rozencwajg of Goehring & Rozencwajg (G&R).G&R has been bullish on gold for quite some time, but we have been mostly... [Read More →](https://blog.gorozen.com/blog/is-gold-in-a-new-bull-market-phase) [![Hubbert's Peak is Finally Here](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/_2023.06%20GR%20Blog%20%23356-%20Hubberts%20Peak%20Twitter.png)](https://blog.gorozen.com/blog/hubberts-peak-is-finally-here) ### [Hubbert's Peak is Finally Here](https://blog.gorozen.com/blog/hubberts-peak-is-finally-here) 06/15/2023 The article below is an excerpt from our Q1 2023 commentary.Conventional oil production has now unequivocally rolled over. Unconventional production, the only source of growth in global oil supply... [Read More →](https://blog.gorozen.com/blog/hubberts-peak-is-finally-here) [![Podcast: What's Coming for the Oil, Gas, Gold & Metal Markets in 2023](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.05%20GR%20Blog%20%23355-%20Top%20Traders%20Unplugged%20%20Podcast%20-%20Twitter.png)](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-top-traders-unplugged) ### [Podcast: What's Coming for the Oil, Gas, Gold & Metal Markets in 2023](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-top-traders-unplugged) 06/08/2023 Curious about the state of natural resources in today's market?Then this podcast episode is for you.Adam Rozencwajg, CFA, Managing Partner of Goehring & Rozencwajg, recently joined the Top Traders... [Read More →](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-top-traders-unplugged) [![\[Podcast\] The Impacts of Rising Interest Rates on Commodities](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.05%20GR%20Blog%20%23353-%20HC%20Insider%20Podcast%20-%20Twitter%20(1).png)](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-hc-insider-interest-rates) ### [\[Podcast\] The Impacts of Rising Interest Rates on Commodities](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-hc-insider-interest-rates) 05/25/2023 What are the impacts of rising interest rates on commodities? Where are rates headed? What does it mean for prices, traders, producers, investment and the energy transition? HC Insider Podcast hosts... [Read More →](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-hc-insider-interest-rates) [![Will 2023 Bring a Grain Market Black Swan?](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.05%20G%26R%20Blog%20%23353%20-%20Grain%20Market%20Black%20Swan.png)](https://blog.gorozen.com/blog/black-swan-grain-market-2023) ### [Will 2023 Bring a Grain Market Black Swan?](https://blog.gorozen.com/blog/black-swan-grain-market-2023) 05/18/2023 The article below is an excerpt from our Q4 2022 commentary. “Egg prices soar due to deadly bird flu outbreak.” ~Times Union 1/18/2023 When commodity markets fall into structural deficit, prices... [Read More →](https://blog.gorozen.com/blog/black-swan-grain-market-2023) [![Copper Demand Soars: Is a Price Surge Coming?](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.05%20G%26R%20Blog%20%23352%20-%20Copper%20Demand.png)](https://blog.gorozen.com/blog/copper-market) ### [Copper Demand Soars: Is a Price Surge Coming?](https://blog.gorozen.com/blog/copper-market) 05/12/2023 The article below is an excerpt from our Q4 2022 commentary. “Codelco Production Slump Shows Copper’s ‘Tremendous Challenge’” ~Bloomberg 1/24/2023 Copper demand remains strong. According to the... [Read More →](https://blog.gorozen.com/blog/copper-market) [![Nuclear Fusion? Not so Fast](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.05%20G%26R%20Blog%20%20%23351%20-%20Nuclear%20Fusion.png)](https://blog.gorozen.com/blog/nuclear-fusion-not-so-fast) ### [Nuclear Fusion? Not so Fast](https://blog.gorozen.com/blog/nuclear-fusion-not-so-fast) 05/05/2023 The article below is an excerpt from our Q4 2022 commentary.On December 13th, 2022, the U.S. Department of Energy (DOE) announced a nuclear fusion breakthrough. For the first time in history,... [Read More →](https://blog.gorozen.com/blog/nuclear-fusion-not-so-fast) [![The Price Tag on Renewable Subsidies: The Inflation Reduction Act’s Mal-Investment of Trillions](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.04%20G%26R%20Blog%20%20%23350%20-%20Renewables.png)](https://blog.gorozen.com/blog/the-price-tag-on-renewable-subsidies) ### [The Price Tag on Renewable Subsidies: The Inflation Reduction Act’s Mal-Investment of Trillions](https://blog.gorozen.com/blog/the-price-tag-on-renewable-subsidies) 04/28/2023 The article below is an excerpt from our Q4 2022 commentary.Analysts constantly state that renewable energy competes favorably against natural gas and coal-fired electricity generation on an... [Read More →](https://blog.gorozen.com/blog/the-price-tag-on-renewable-subsidies) [![Base Metals: A Decade of Shortages Ahead](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.04%20G%26R%20Blog%20%23349%20-%20Base%20Metals.png)](https://blog.gorozen.com/blog/base-metals-a-decade-of-shortages-ahead) ### [Base Metals: A Decade of Shortages Ahead](https://blog.gorozen.com/blog/base-metals-a-decade-of-shortages-ahead) 04/21/2023 The article below is an excerpt from our Q4 2022 commentary.“The Decade of Shortages” was the unofficial theme for our investor day, held on November 3rd, 2022. Our audience heard presentations from... [Read More →](https://blog.gorozen.com/blog/base-metals-a-decade-of-shortages-ahead) [![\[Podcast\] MacroVoices: A discussion around Energy, Gold, Copper and Uranium](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.04%20GR%20Blog%20%23348%20-%20MacroVoices%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-macrovoices-2023) ### [\[Podcast\] MacroVoices: A discussion around Energy, Gold, Copper and Uranium](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-macrovoices-2023) 04/14/2023 Adam Rozencwajg, CFA, Managing Partner at Goehring & Rozencwajg, recently joined MacroVoices host Erik Townsend to discuss the energy, gold, copper, and uranium markets. This recent discussion... [Read More →](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-macrovoices-2023) [![Weather Presents a Natural Gas Buying Opportunity](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.03%20G%26R%20Blog%20%23347%20-%20Natural%20Gas.png)](https://blog.gorozen.com/blog/weather-presents-a-natural-gas-buying-opportunity) ### [Weather Presents a Natural Gas Buying Opportunity](https://blog.gorozen.com/blog/weather-presents-a-natural-gas-buying-opportunity) 04/05/2023 The article below is an excerpt from our Q4 2022 commentary.Our Q1 2022 letter explained why North American natural gas prices would surge. After making a 25-year low of $1.48 per mmcf in June 2020,... [Read More →](https://blog.gorozen.com/blog/weather-presents-a-natural-gas-buying-opportunity) [![Why Oil Markets Will Outperform Expectations in 2023 ](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.03%20G%26R%20Blog%20%23346%20-%20Oil%20Markets.png)](https://blog.gorozen.com/blog/why-oil-markets-will-outperform-expectations-in-2023) ### [Why Oil Markets Will Outperform Expectations in 2023 ](https://blog.gorozen.com/blog/why-oil-markets-will-outperform-expectations-in-2023) 03/31/2023 The article below is an excerpt from our Q4 2022 commentary.We believe investors are being far too complacent about oil markets.After making a 14-year high of $130 per barrel in March, prices have... [Read More →](https://blog.gorozen.com/blog/why-oil-markets-will-outperform-expectations-in-2023) [![Podcast: The Energetic Problem with the Energy Transition](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.03%20GR%20Blog%20%23345%20-%20Adam%20Rozencwajg%20Interview.png)](https://blog.gorozen.com/blog/energy-transition-problem) ### [Podcast: The Energetic Problem with the Energy Transition](https://blog.gorozen.com/blog/energy-transition-problem) 03/27/2023 Managing Partner Adam Rozencwajg, CFA, was recently interviewed by Paul Chapman of HC Insider Podcast - Conversations in Commodities.During their conversation, they discuss how decarbonization is... [Read More →](https://blog.gorozen.com/blog/energy-transition-problem) [![Natural Resources Market Commentary](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.03%20G%26R%20Blog%20%23344%20-%20Q4%20Natural%20Resource%20Commentary.png)](https://blog.gorozen.com/blog/natural-resources-market-commentary-q4-2022) ### [Natural Resources Market Commentary](https://blog.gorozen.com/blog/natural-resources-market-commentary-q4-2022) 03/24/2023 The article below is an excerpt from our Q4 2022 commentary.Commodity prices rebounded in Q4. Natural resource-related equities were firm.Investors came back into commodity-related markets, hoping... [Read More →](https://blog.gorozen.com/blog/natural-resources-market-commentary-q4-2022) [![Podcast: Have We Reached Peak Shale?](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.03%20GR%20Blog%20%23343%20-%20Leigh%20Goehring%20Interview.png)](https://blog.gorozen.com/blog/podcast-peak-shale) ### [Podcast: Have We Reached Peak Shale?](https://blog.gorozen.com/blog/podcast-peak-shale) 03/20/2023 Managing Partner Leigh Goehring was recently interviewed by Decouple Media.In this interview, they deep dive into fracking and shale, the energy source that put Peak Oil concerns on the back burner... [Read More →](https://blog.gorozen.com/blog/podcast-peak-shale) [![The Incredible Shrinking Super-Majors Part IV: What the Stock Market thinks of ESG ](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.03%20GR%20Blog%20%23342%20-%20SuperMajor%20BOE%20Production.png)](https://blog.gorozen.com/blog/shrinking-super-majors-part-iv) ### [The Incredible Shrinking Super-Majors Part IV: What the Stock Market thinks of ESG ](https://blog.gorozen.com/blog/shrinking-super-majors-part-iv) 03/15/2023 The article below is an excerpt from our Q4 2022 commentary. “BP’s CEO Plays Down Renewables Push and Returns Lag” “Mr. Looney \[(BP’s CEO)\] has said he is disappointed in the returns from some of the... [Read More →](https://blog.gorozen.com/blog/shrinking-super-majors-part-iv) [![The End of Abundant Energy: Shale Production and Hubbert's Peak ](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.03%20GR%20Blog%20%23341%20-%20Conventional%20Crude%20Production.png)](https://blog.gorozen.com/blog/the-end-of-abundant-energy) ### [The End of Abundant Energy: Shale Production and Hubbert's Peak ](https://blog.gorozen.com/blog/the-end-of-abundant-energy) 03/09/2023 The article below is an excerpt from our Q4 2022 commentary.Crude oil fundamentals are very tight and risk getting considerably tighter. Investors continue to starve energy companies of much-needed... [Read More →](https://blog.gorozen.com/blog/the-end-of-abundant-energy) [![Dear State Treasurers...an Open Letter from G&R](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.02%20GR%20Blog%20%23340%20-%20Letter%20To%20Treasurers.png)](https://blog.gorozen.com/blog/letter-to-treasurers) ### [Dear State Treasurers...an Open Letter from G&R](https://blog.gorozen.com/blog/letter-to-treasurers) 02/23/2023 Several state treasurers have withdrawn billions of dollars worth of investment assets from managers over ESG concerns in recent months. The treasurers felt that firms like BlackRock were too focused... [Read More →](https://blog.gorozen.com/blog/letter-to-treasurers) [![Why Investors Need to Watch Oil Prices in 2023](https://blog.gorozen.com/hubfs/Blog/2023%20Blogs/2023.03%20GR%20Social%20Post%20-%20TD%20Ameritrade.png)](https://blog.gorozen.com/blog/why-investors-need-to-watch-oil-prices-in-2023) ### [Why Investors Need to Watch Oil Prices in 2023](https://blog.gorozen.com/blog/why-investors-need-to-watch-oil-prices-in-2023) 02/16/2023 Managing Partner Adam Rozencwajg, CFA was recently interviewed on TD Ameritrade Network. During this 6-minute conversation, Adam touched based on: Why investors need to watch oil prices - (2023 is... [Read More →](https://blog.gorozen.com/blog/why-investors-need-to-watch-oil-prices-in-2023) [![Top 3 Blog Posts of 2022 from Natural Resource Investors](https://blog.gorozen.com/hubfs/Blog/2023.01%20GR%20BLOG%20%23338%20-%20Top%203%20Posts%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/top-three-goehring-and-rozencwajg-blog-posts-of-2022) ### [Top 3 Blog Posts of 2022 from Natural Resource Investors](https://blog.gorozen.com/blog/top-three-goehring-and-rozencwajg-blog-posts-of-2022) 01/05/2023 Over the past 30 months, energy prices went from an all-time record low (negative oil prices) to all-time record highs as strong demand and disappointing supply were complicated by the war in Ukraine. [Read More →](https://blog.gorozen.com/blog/top-three-goehring-and-rozencwajg-blog-posts-of-2022) [![Market Recap - Q3 2022](https://blog.gorozen.com/hubfs/Blog/2022.12%20GR%20Blog%20%23337.png)](https://blog.gorozen.com/blog/market-overview-q3-2022) ### [Market Recap - Q3 2022](https://blog.gorozen.com/blog/market-overview-q3-2022) 12/20/2022 The article below is an excerpt from our Q3 2022 commentary.Inflation continued to surprise to the upside in Q3. Aggressive central bank tightening and ongoing worries over China’s “COVID-zero”... [Read More →](https://blog.gorozen.com/blog/market-overview-q3-2022) [![Why Won't Energy Companies Drill?](https://blog.gorozen.com/hubfs/Blog/2022.12%20G%26R%20Blog%20%23336%20-%20Why%20Wont%20Energy%20Companies%20Drill%20-%20LinkedIn%20.png)](https://blog.gorozen.com/blog/why-wont-energy-companies-drill) ### [Why Won't Energy Companies Drill?](https://blog.gorozen.com/blog/why-wont-energy-companies-drill) 12/07/2022 The article below is an excerpt from our Q3 2022 commentary.The most pressing question facing oil markets is why US shale drilling remains so muted despite high prices. A simple question whose answer... [Read More →](https://blog.gorozen.com/blog/why-wont-energy-companies-drill) [![\[REPLAY\] 2022 Investor Day - The Coming Decade of Shortages](https://blog.gorozen.com/hubfs/Calls,%20Webinars%20and%20Investor%20Day/2022.11%20Investor%20Day%202022/2022.11%20Investor%20Day%202022%20-%20Access%20Replay.png)](https://blog.gorozen.com/blog/access-replay-2022-gr-investor-day) ### [\[REPLAY\] 2022 Investor Day - The Coming Decade of Shortages](https://blog.gorozen.com/blog/access-replay-2022-gr-investor-day) 11/18/2022 Goehring & Rozencwajg hosted afascinating one-day live eventto discusshow to prepare for the coming decade of shortages in everything from energy to materials and agriculture,on Thursday,... [Read More →](https://blog.gorozen.com/blog/access-replay-2022-gr-investor-day) [![\[PODCAST\] Out with the FED Put & In with the OIL Put ft. Adam Rozencwajg](https://blog.gorozen.com/hubfs/Blog/2022.11%20GR%20Blog%20%23335%20-%20Podcast%20%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/podcast-out-with-the-fed-put-and-in-with-the-oil-put) ### [\[PODCAST\] Out with the FED Put & In with the OIL Put ft. Adam Rozencwajg](https://blog.gorozen.com/blog/podcast-out-with-the-fed-put-and-in-with-the-oil-put) 11/09/2022 “I do think that things have really fundamentally changed here, and I think the next number of years will be a little bit different. I think we have to let the dust settle to really understand the... [Read More →](https://blog.gorozen.com/blog/podcast-out-with-the-fed-put-and-in-with-the-oil-put) [![A Head Fake in Precious Metals: The Bear Market Drags On](https://blog.gorozen.com/hubfs/Blog/2022.10%20G%26R%20Blog%20%23334%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/a-head-fake-in-precious-metals-the-bear-market-drags-on) ### [A Head Fake in Precious Metals: The Bear Market Drags On](https://blog.gorozen.com/blog/a-head-fake-in-precious-metals-the-bear-market-drags-on) 10/27/2022 The article below is an excerpt from our Q2 2022 commentary.Ever since silver staged a furious catch-up rally back in the summer of 2020 -- something that has always signaled a long corrective phase... [Read More →](https://blog.gorozen.com/blog/a-head-fake-in-precious-metals-the-bear-market-drags-on) [![Hot Mics & Tepid Production](https://blog.gorozen.com/hubfs/Blog/2022.10%20G%26R%20Blog%20%23333%20-%20LinkedIn-1.png)](https://blog.gorozen.com/blog/hot-mics-and-tepid-production) ### [Hot Mics & Tepid Production](https://blog.gorozen.com/blog/hot-mics-and-tepid-production) 10/20/2022 The article below is an excerpt from our Q2 2022 commentary. "The Kingdom has announced an increase in its production capacity level to 13 million bpd, after which the Kingdom will not have any... [Read More →](https://blog.gorozen.com/blog/hot-mics-and-tepid-production) [![High Energy Cost Hurts Wind & Solar](https://blog.gorozen.com/hubfs/Blog/2022.10%20G%26R%20Blog%20%23332%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/high-energy-cost-hurts-wind-and-solar) ### [High Energy Cost Hurts Wind & Solar](https://blog.gorozen.com/blog/high-energy-cost-hurts-wind-and-solar) 10/14/2022 The article below is an excerpt from our Q2 2022 commentary.Our Q4 2021 commentary was entitled “The Distortions of Cheap Energy.” In our lead essay, we explained how extremely low energy prices... [Read More →](https://blog.gorozen.com/blog/high-energy-cost-hurts-wind-and-solar) [![The Freeport LNG Paradox](https://blog.gorozen.com/hubfs/Blog/2022.09%20G%26R%20Blog%20%23330%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/the-freeport-lng-paradox) ### [The Freeport LNG Paradox](https://blog.gorozen.com/blog/the-freeport-lng-paradox) 10/04/2022 The article below is an excerpt from our Q2 2022 commentary.The global natural gas crisis has entered its most dangerous phase yet. We just returned from the UK, Switzerland, and Germany and the mood... [Read More →](https://blog.gorozen.com/blog/the-freeport-lng-paradox) [![\[Podcast\] The Real Reason Behind the Current Energy Crisis ft. Adam Rozencwajg](https://blog.gorozen.com/hubfs/Blog/2022.09%20GR%20Blog%20%23331%20-%20Podcast%20Top%20Traders%20Unplugged%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/podcast-the-real-reason-behind-the-current-energy-crisis) ### [\[Podcast\] The Real Reason Behind the Current Energy Crisis ft. Adam Rozencwajg](https://blog.gorozen.com/blog/podcast-the-real-reason-behind-the-current-energy-crisis) 09/30/2022 “We have an energy crisis, we don’t have enough energy today. And yet people are saying that the answer is that we have to get away from oil and gas and invest more in renewables. It will only make... [Read More →](https://blog.gorozen.com/blog/podcast-the-real-reason-behind-the-current-energy-crisis) [![The Incredible Shrinking Oil Majors - Part III](https://blog.gorozen.com/hubfs/Blog/2022.09%20G%26R%20Blog%20%23329%20-%20Supermajors%20-%20LinkedIn%20.png)](https://blog.gorozen.com/blog/the-incredible-shrinking-supermajors-part-iii) ### [The Incredible Shrinking Oil Majors - Part III](https://blog.gorozen.com/blog/the-incredible-shrinking-supermajors-part-iii) 09/16/2022 The article below is an excerpt from our Q2 2022 commentary.“Are you embarrassed as an American company that your production is going up while the European counterparts are going down…. Would you... [Read More →](https://blog.gorozen.com/blog/the-incredible-shrinking-supermajors-part-iii) [![Why Nuclear Power is a Solution to Our Energy Needs](https://blog.gorozen.com/hubfs/Blog/2022.09%20GR%20Blog%20%23327%20-%20Nuclear%20-%20LinkedIn-2.png)](https://blog.gorozen.com/blog/why-nuclear-power-is-a-solution-to-our-energy-needs) ### [Why Nuclear Power is a Solution to Our Energy Needs](https://blog.gorozen.com/blog/why-nuclear-power-is-a-solution-to-our-energy-needs) 09/09/2022 The article below is an excerpt from our Q2 2022 commentary. The pendulum continued to swing in favor of nuclear power during Q2. The Russian invasion of Ukraine has put national energy security... [Read More →](https://blog.gorozen.com/blog/why-nuclear-power-is-a-solution-to-our-energy-needs) [![\[Podcast\] MacroVoices: Understanding the Global Energy Crisis ft. Adam Rozencwajg](https://blog.gorozen.com/hubfs/Blog/2022.08%20GR%20Blog%20%23325%20-%20MacroVoices%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-macrovoices) ### [\[Podcast\] MacroVoices: Understanding the Global Energy Crisis ft. Adam Rozencwajg](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-macrovoices) 08/11/2022 Adam Rozencwajg, CFA, Managing Partner at Goehring & Rozencwajg, joined MacroVoices hosts Erik Townsend and Patrick Ceresna to discuss how the world has entered the early stages of a global energy... [Read More →](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-macrovoices) [![Goehring & Rozencwajg 2022 Investor Day](https://blog.gorozen.com/hubfs/Calls%20(Live)%20and%20Webinars/2022.11%20Investor%20Day%202022/2022.11%20Investor%20Day%202022.png)](https://blog.gorozen.com/blog/goehring-and-rozencwajg-2022-investor-day) ### [Goehring & Rozencwajg 2022 Investor Day](https://blog.gorozen.com/blog/goehring-and-rozencwajg-2022-investor-day) 08/05/2022 Goehring & Rozencwajg are pleased to invite all Institutional Investors, Advisors and friends of the firm to 2022 Investor Day on Thursday, November 3, in New York City. [Read More →](https://blog.gorozen.com/blog/goehring-and-rozencwajg-2022-investor-day) [![Book Recommendations from Natural Resource Investors](https://blog.gorozen.com/hubfs/Blog/2022.07%20GR%20Blog%20%23324%20-%20Book%20Recommendations%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/book-recommendations-for-summer-reading) ### [Book Recommendations from Natural Resource Investors](https://blog.gorozen.com/blog/book-recommendations-for-summer-reading) 07/28/2022 "A reader lives a thousand lives before he dies."~George R. R. Martin Summer is a time to relax, reflect and if you are like us, continue to do more reading. As Natural Resource Investors, our... [Read More →](https://blog.gorozen.com/blog/book-recommendations-for-summer-reading) [![Russia and the Uranium Fuel Cycle](https://blog.gorozen.com/hubfs/Blog/2022.07%20GR%20Blog%20%23322%20-%20Uranium%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/russia-and-the-uranium-fuel-cycle) ### [Russia and the Uranium Fuel Cycle](https://blog.gorozen.com/blog/russia-and-the-uranium-fuel-cycle) 07/21/2022 The article below is an excerpt from our Q1 2022 commentary. Uranium prices surged during Q1. Spot uranium advanced 26% from $42 to $53 per pound while the quoted term price rose 19% from $42 to $50... [Read More →](https://blog.gorozen.com/blog/russia-and-the-uranium-fuel-cycle) [![Catastrophic Agriculture Markets](https://blog.gorozen.com/hubfs/Blog/2022.07%20GR%20BLOG%20%23321%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/catastrophic-agriculture-markets) ### [Catastrophic Agriculture Markets](https://blog.gorozen.com/blog/catastrophic-agriculture-markets) 07/13/2022 The article below is an excerpt from our Q1 2022 commentary. “World Bank warns of ‘human catastrophe’ food crisis.” - BBC News, April 20, 2022“Farmers are seeing prices for fertilizers skyrocket.... [Read More →](https://blog.gorozen.com/blog/catastrophic-agriculture-markets) [![Top 3 Goehring & Rozencwajg Posts of 2022](https://blog.gorozen.com/hubfs/Blog/2022.07%20GR%20Blog%20%23320%20-%20Top%203%20Posts%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-posts-of-2022) ### [Top 3 Goehring & Rozencwajg Posts of 2022](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-posts-of-2022) 07/07/2022 While we are at the midpoint of the year, we'd like to take a moment to reflect on our writings. Below you will find our top 3 most viewed blog posts of 2022 to date.We sincerely appreciate your... [Read More →](https://blog.gorozen.com/blog/top-3-goehring-and-rozencwajg-posts-of-2022) [![Running Out of Spare Oil Capacity - What's Next?](https://blog.gorozen.com/hubfs/Blog/2022.06%20GR%20BLOG%20%23319%20-%20Running%20Out%20of%20Spare%20Oil%20Capacity.%20LinkedIn.png)](https://blog.gorozen.com/blog/running-out-of-spare-oil-capacity) ### [Running Out of Spare Oil Capacity - What's Next?](https://blog.gorozen.com/blog/running-out-of-spare-oil-capacity) 06/30/2022 The article below is an excerpt from our Q1 2022 commentary. Between 2010 and 2020 the world grew accustomed to cheap, abundant conventional energy. Global energy markets were so well supplied for so... [Read More →](https://blog.gorozen.com/blog/running-out-of-spare-oil-capacity) [![Inflation and Magazine Covers (Part III)](https://blog.gorozen.com/hubfs/Blog/2022.06%20GR%20Blog%20%23318%20-%20Magazine%20Covers%20%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/inflation-and-magazine-covers-part-iii) ### [Inflation and Magazine Covers (Part III)](https://blog.gorozen.com/blog/inflation-and-magazine-covers-part-iii) 06/22/2022 The article below is an excerpt from our Q1 2022 commentary. On April 20th, 2019, Bloomberg/BusinessWeek magazine published an issue entitled “Is Inflation Dead?” with a dead dinosaur prominently... [Read More →](https://blog.gorozen.com/blog/inflation-and-magazine-covers-part-iii) [![The Commodity Bull Market Has Only Just Begun](https://blog.gorozen.com/hubfs/Blog/2022.06%20GR%20Blog%20%23316-%20Option%201%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/the-commodity-bull-market-has-only-just-begun) ### [The Commodity Bull Market Has Only Just Begun](https://blog.gorozen.com/blog/the-commodity-bull-market-has-only-just-begun) 06/16/2022 The article below is an excerpt from our Q1 2022 commentary. One of the most frequent questions we get asked regarding this commodity bull market is: “Have I missed it? Is it too late to make an... [Read More →](https://blog.gorozen.com/blog/the-commodity-bull-market-has-only-just-begun) [![1Q 2022 Highlights by Goehring & Rozencwajg](https://blog.gorozen.com/hubfs/Emails/Quarterly%20Newsletters/2022.06%20Q1%20Email%20Newsletter/2022.06%20GR%20Blog%20%23317%20-%20Website.png)](https://blog.gorozen.com/blog/1q-2022-highlights-by-goehring-rozencwajg) ### [1Q 2022 Highlights by Goehring & Rozencwajg](https://blog.gorozen.com/blog/1q-2022-highlights-by-goehring-rozencwajg) 06/09/2022 Charts of the Quarter Top Chart: Not only is the commodity bull market not over, it has hardly begun. This chart shows the returns of the Goldman Sachs commodity index versus the level of the US... [Read More →](https://blog.gorozen.com/blog/1q-2022-highlights-by-goehring-rozencwajg) [![\[Podcast\] The Dark Side of Renewable Energy ft. Adam Rozencwajg](https://blog.gorozen.com/hubfs/Blog/2022.05%20GR%20Blog%20%23315%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-the-dark-side-of-renewable-energy) ### [\[Podcast\] The Dark Side of Renewable Energy ft. Adam Rozencwajg](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-the-dark-side-of-renewable-energy) 05/13/2022 Adam Rozencwajg, CFA, Managing Partner at Goehring & Rozencwajg, joined the "Top Traders Unplugged" podcast as part of their Global Macro series. In this episode, The Dark Side of Renewable Energy,... [Read More →](https://blog.gorozen.com/blog/podcast-adam-rozencwajg-the-dark-side-of-renewable-energy) [![The Global Natural Gas Crisis is coming to North America](https://blog.gorozen.com/hubfs/Blog/2022.04%20GR%20Blog%20%23314%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/the-global-natural-gas-crisis-is-coming-to-north-america) ### [The Global Natural Gas Crisis is coming to North America](https://blog.gorozen.com/blog/the-global-natural-gas-crisis-is-coming-to-north-america) 04/21/2022 A sudden and unexpected event is about to take place: the global natural gas crisis, now gripping large swaths of the world, is about to engulf North America as well.Asian and European natural gas... [Read More →](https://blog.gorozen.com/blog/the-global-natural-gas-crisis-is-coming-to-north-america) [![](https://blog.gorozen.com/hubfs/Blog/2022.04%20GR%20Blog%20%23313%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/full-blown-energy-crisis-started-long-before-russia-ukraine-war) ### ["Full-blown Energy Crisis" Started Long Before Russia/Ukraine War](https://blog.gorozen.com/blog/full-blown-energy-crisis-started-long-before-russia-ukraine-war) 04/13/2022 Tensions between Russia and Ukraine have thrown oil and gas prices into focus, but an energy crisis has been brewing for much longer than the war has been going on.In an interview with Investing News... [Read More →](https://blog.gorozen.com/blog/full-blown-energy-crisis-started-long-before-russia-ukraine-war) [![\[Podcast\] Financial Sense: Adam Rozencwajg on the Post-Invasion Outlook for Energy and Commodities](https://blog.gorozen.com/hubfs/Blog/Meet%20the%20Team/2022.04%20GR%20Blog%20%23312%20-%20Financial%20Sense%20Podcast%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/financial-sense-podcast-adam-rozencwajg-on-the-post-invasion-outlook-for-energy-and-commodities) ### [\[Podcast\] Financial Sense: Adam Rozencwajg on the Post-Invasion Outlook for Energy and Commodities](https://blog.gorozen.com/blog/financial-sense-podcast-adam-rozencwajg-on-the-post-invasion-outlook-for-energy-and-commodities) 04/05/2022 Massive price spikes are occurring in a number of critical commodities after Russia's invasion of Ukraine.In this Financial Sense Newshour Podcast (recorded March 8, 2022), Adam Rozencwajg shares an... [Read More →](https://blog.gorozen.com/blog/financial-sense-podcast-adam-rozencwajg-on-the-post-invasion-outlook-for-energy-and-commodities) [![Ongoing Shortages for Global Natural Gas](https://blog.gorozen.com/hubfs/Blog/2022.03%20GR%20Blog%20%23311%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/ongoing-shortages-for-global-natural-gas) ### [Ongoing Shortages for Global Natural Gas](https://blog.gorozen.com/blog/ongoing-shortages-for-global-natural-gas) 03/31/2022 The article below is an excerpt from our Q4 2021 commentary. Without US liquefied natural gas (LNG), Europe may well have frozen literally to death this winter. We believe what is happening with... [Read More →](https://blog.gorozen.com/blog/ongoing-shortages-for-global-natural-gas) [![The Oil Crisis is Unfolding in Slow Motion](https://blog.gorozen.com/hubfs/Blog/2022.03%20GR%20Blog%20%23310%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/the-oil-crisis-is-unfolding-in-slow-motion) ### [The Oil Crisis is Unfolding in Slow Motion](https://blog.gorozen.com/blog/the-oil-crisis-is-unfolding-in-slow-motion) 03/24/2022 The article below is an excerpt from our Q4 2021 commentary. “The world has already passed ‘peak oil’ demand, according to Carbon Brief analysis of the latest energy outlook from oil major BP.” ... [Read More →](https://blog.gorozen.com/blog/the-oil-crisis-is-unfolding-in-slow-motion) [![\[Webinar Replay\] G&R's Outlook on Energy and Inflation](https://blog.gorozen.com/hubfs/Calls%20(Live)%20and%20Webinars/2022.03%20Webinar%20Live/2022.03%20Replay%20-%20Webinar%20.png)](https://blog.gorozen.com/blog/webinar-natural-resources-march-2022-replay) ### [\[Webinar Replay\] G&R's Outlook on Energy and Inflation](https://blog.gorozen.com/blog/webinar-natural-resources-march-2022-replay) 03/18/2022 Managing Partners Leigh Goehring and Adam Rozencwajg recently hosted a video webinar that was viewed live by over 1,300 people. [Read More →](https://blog.gorozen.com/blog/webinar-natural-resources-march-2022-replay) [![Magazine Covers Revisited](https://blog.gorozen.com/hubfs/Blog/2022.03%20GR%20Blog%20%23308%20-%20Magazine%20Covers%20%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/magazine-covers-revisited) ### [Magazine Covers Revisited](https://blog.gorozen.com/blog/magazine-covers-revisited) 03/03/2022 We rarely republish old essays but given its importance we felt the need to do so in this case. In April 2019, BusinessWeek published a cover story asking “Is Inflation Dead” with a picture of a dead... [Read More →](https://blog.gorozen.com/blog/magazine-covers-revisited) [![Natural Resources: Inflation, Capital Cycles and ESG Distortions](https://blog.gorozen.com/hubfs/Content%20Offers/Conf%20Calls%20and%20Webinars/2022.03%20Webinar%20Live/2022.02%20GR%20Blog%20%23307%20-%20Webinar%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/natural-resources-inflation-capital-cycles-and-esg-distortions) ### [Natural Resources: Inflation, Capital Cycles and ESG Distortions](https://blog.gorozen.com/blog/natural-resources-inflation-capital-cycles-and-esg-distortions) 02/14/2022 Inflation is now running at 40-year highs. Natural resource stocks were top performers in 2021 and their leadership has continued into 2022.Could the 40-year bull market in bonds be coming to an end? [Read More →](https://blog.gorozen.com/blog/natural-resources-inflation-capital-cycles-and-esg-distortions) [![Is Inflation Necessary for a Natural Resource Bull Market?](https://blog.gorozen.com/hubfs/Blog/2022.02%20GR%20Blog%20%23306%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/is-inflation-necessary-for-a-natural-resource-bull-market) ### [Is Inflation Necessary for a Natural Resource Bull Market?](https://blog.gorozen.com/blog/is-inflation-necessary-for-a-natural-resource-bull-market) 02/03/2022 The US CPI grew at 7.1% in the fourth quarter of 2021 signaling the highest inflation in 40 years. Nearly three years ago, Bloomberg Businessweek proclaimed the “Death of Inflation” on its cover –... [Read More →](https://blog.gorozen.com/blog/is-inflation-necessary-for-a-natural-resource-bull-market) [![The Incredible Shrinking Oil Majors – Part II](https://blog.gorozen.com/hubfs/Blog/2022.01%20GR%20Blog%20%23306%20-%20Incredible%20Shrinking%20Majors%20Part%202%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/the-incredible-shrinking-oil-majors-part-ii) ### [The Incredible Shrinking Oil Majors – Part II](https://blog.gorozen.com/blog/the-incredible-shrinking-oil-majors-part-ii) 01/21/2022 “Chevron Girds for Activist Challenge After Exxon’s Proxy Battle Defeat” Wall Street Journal, September 3, 2021“Exxon Debates Abandoning Some of Its Biggest Oil and Gas Projects” Wall Street Journal,... [Read More →](https://blog.gorozen.com/blog/the-incredible-shrinking-oil-majors-part-ii) [![Dispatch from the Road: Changes in Saudi Arabia](https://blog.gorozen.com/hubfs/Blog/2022.01%20GR%20Blog%20%23305%20-%20Dispatch%20From%20the%20Road%20Saudi%20Arabia%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/dispatch-from-the-road-changes-in-saudi-arabia) ### [Dispatch from the Road: Changes in Saudi Arabia](https://blog.gorozen.com/blog/dispatch-from-the-road-changes-in-saudi-arabia) 01/14/2022 We are currently in Riyadh, Saudi Arabia attending the inaugural Future Minerals Forum. This is our first dedicated research trip since COVID-19 and it has not disappointed. While most investors... [Read More →](https://blog.gorozen.com/blog/dispatch-from-the-road-changes-in-saudi-arabia) [![The Energy Crisis is Here - What's Coming Next?](https://blog.gorozen.com/hubfs/Blog/2022.01%20GR%20Blog%20%23304%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/the-energy-crisis-is-here-what-is-coming-next) ### [The Energy Crisis is Here - What's Coming Next?](https://blog.gorozen.com/blog/the-energy-crisis-is-here-what-is-coming-next) 01/06/2022 “Europe’s Energy Crunch Sparks Panic in Asia and Dash to Buy Fuel” Bloomberg, September 16, 2021“Europe’s Energy Crisis Is Coming for the Rest of the World, Too” Bloomberg, September 27, 2021... [Read More →](https://blog.gorozen.com/blog/the-energy-crisis-is-here-what-is-coming-next) [![Top Three Blog Posts of 2021](https://blog.gorozen.com/hubfs/2021.12%20GR%20-%20Top%203%20Posts%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/top-three-goehring-and-rozencwajg-blog-posts-of-2021) ### [Top Three Blog Posts of 2021](https://blog.gorozen.com/blog/top-three-goehring-and-rozencwajg-blog-posts-of-2021) 12/28/2021 Over the past 18 months energy prices went from an all time record low (negative oil prices) to an all time record high ($40 per mmbtu European natural gas). The energy crisis we had predicted is now... [Read More →](https://blog.gorozen.com/blog/top-three-goehring-and-rozencwajg-blog-posts-of-2021) [![\[Video\] Rising Gas Prices vs Battery Costs](https://blog.gorozen.com/hubfs/Blog/2021.12%20GR%20Bog%20%23303%20-%20Video%20Replay%20-%20Rising%20Gas%20Prices%20vs%20Battery%20Costs%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/video-replay-rising-gas-prices-vs-battery-costs) ### [\[Video\] Rising Gas Prices vs Battery Costs](https://blog.gorozen.com/blog/video-replay-rising-gas-prices-vs-battery-costs) 12/17/2021 With gas headed toward $2/Litre, can an electric future really balance the scales? On December 8, 2021, Adam Rozencwajg was one of the featured experts at the Driving into the Future virtual auto... [Read More →](https://blog.gorozen.com/blog/video-replay-rising-gas-prices-vs-battery-costs) [![Tightness in Grain Markets](https://blog.gorozen.com/hubfs/Blog/2021.12%20GR%20Blog%20%23302%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/tightness-in-grain-markets) ### [Tightness in Grain Markets](https://blog.gorozen.com/blog/tightness-in-grain-markets) 12/10/2021 “Food Supply Chains Are Buckling as World Runs Short of Workers” Bloomberg, September 2, 2021“Ruined Brazil Harvest Sparks Food Inflation Everywhere” Bloomberg, September 28, 2021 First appeared in... [Read More →](https://blog.gorozen.com/blog/tightness-in-grain-markets) [![Rising Gas Prices vs Battery Costs - Virtual Discussion with Adam Rozencwajg](https://blog.gorozen.com/hubfs/Blog/2021.12.6%20G%26R%20Panel%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/rising-gas-prices-vs-battery-costs) ### [Rising Gas Prices vs Battery Costs - Virtual Discussion with Adam Rozencwajg](https://blog.gorozen.com/blog/rising-gas-prices-vs-battery-costs) 12/06/2021 We are excited to be one of the featured experts at the Driving into the Future virtual auto event brought to you by TOYOTA. [Read More →](https://blog.gorozen.com/blog/rising-gas-prices-vs-battery-costs) [![Running Out of Spare Capacity](https://blog.gorozen.com/hubfs/Blog/2021.11%20GR%20Blog%20Running%20Out%20of%20Spare%20Capacity%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/running-out-of-spare-capacity-global-oil-markets) ### [Running Out of Spare Capacity](https://blog.gorozen.com/blog/running-out-of-spare-capacity-global-oil-markets) 11/19/2021 First appeared in Q3 2021 commentary Global oil markets could not have looked grimmer than back in the summer of 2020. COVID cases were increasing again and further global economic lockdowns were... [Read More →](https://blog.gorozen.com/blog/running-out-of-spare-capacity-global-oil-markets) [![The Most Important 2000 Years of Energy History– Video Featuring Leigh Goehring and Adam Rozencwajg](https://blog.gorozen.com/hubfs/Blog/2021.11.1%20GR%20Video%20-%20The%20Most%20Important%202000%20Years%20of%20Energy%20History%20-%20LinkedIn.png)](https://blog.gorozen.com/blog/the-most-important-2000-years-of-energy-history-featuring-leigh-goehring-and-adam-rozencwajg) ### [The Most Important 2000 Years of Energy History– Video Featuring Leigh Goehring and Adam Rozencwajg](https://blog.gorozen.com/blog/the-most-important-2000-years-of-energy-history-featuring-leigh-goehring-and-adam-rozencwajg) 11/04/2021 Few people think of energy at all and even fewer think about its history. We are on the verge of a new chapter in the History of Energy and few people realize the implications. [Read More →](https://blog.gorozen.com/blog/the-most-important-2000-years-of-energy-history-featuring-leigh-goehring-and-adam-rozencwajg) [![Update on Global Oil Demand](https://blog.gorozen.com/hubfs/Blog/2021.10%20GR%20Blog%20Update%20on%20Global%20Oil%20Demand%20LinkedIn.png)](https://blog.gorozen.com/blog/update-on-global-oil-demand) ### [Update on Global Oil Demand](https://blog.gorozen.com/blog/update-on-global-oil-demand) 10/29/2021 First appeared in Q2 2021 letter Last summer, we predicted global oil demand would quickly regain its pre-COVID peak as travel restrictions were lifted. Clearly, in retrospect, we were too... [Read More →](https://blog.gorozen.com/blog/update-on-global-oil-demand) [![The Incredible Shrinking Oil Majors](https://blog.gorozen.com/hubfs/Blog/2021.10%20GR%20Blog%20Shrinking%20Oil%20Majors%20LinkedIn.png)](https://blog.gorozen.com/blog/the-incredible-shrinking-oil-majors) ### [The Incredible Shrinking Oil Majors](https://blog.gorozen.com/blog/the-incredible-shrinking-oil-majors) 10/21/2021 First appeared in Q2 2021 letter Oil production growth outside of OPEC+ and the US shales has been extremely difficult to achieve — even before the recent ESG pressures. Over the last 20 years, oil... [Read More →](https://blog.gorozen.com/blog/the-incredible-shrinking-oil-majors) [![The IEA’s Role in the Coming Oil Crisis](https://blog.gorozen.com/hubfs/Blog/2021.10%20GR%20Blog%20IEA%20Coming%20Oil%20Crisis%20LinkedIn.png)](https://blog.gorozen.com/blog/the-ieas-role-in-the-coming-oil-crisis) ### [The IEA’s Role in the Coming Oil Crisis](https://blog.gorozen.com/blog/the-ieas-role-in-the-coming-oil-crisis) 10/08/2021 First appeared in Q2 2021 letter The foundation for the upcoming oil crisis is now firmly set in place. Despite recent hiccups related to the delta variant, the world is re-opening and global oil... [Read More →](https://blog.gorozen.com/blog/the-ieas-role-in-the-coming-oil-crisis) [![Nuclear Energy: The Early Success of Small Modular Reactors](https://blog.gorozen.com/hubfs/Blog/2021.09%20GR%20Blog%20Nuclear%20Reactors%20LinkedIn.png)](https://blog.gorozen.com/blog/nuclear-energy-the-early-success-of-small-modular-reactors) ### [Nuclear Energy: The Early Success of Small Modular Reactors](https://blog.gorozen.com/blog/nuclear-energy-the-early-success-of-small-modular-reactors) 10/01/2021 First appeared in Q2 2021 letter Uranium stocks sold off in mid-June as news outlets reported a possible leak at the Taishan Chinese reactor, a joint venture with Électricité de France (EDF). The... [Read More →](https://blog.gorozen.com/blog/nuclear-energy-the-early-success-of-small-modular-reactors) [![The Potential Earnings Power of Copper Miners](https://blog.gorozen.com/hubfs/Blog/2021.09%20GR%20Blog%20Copper%20Prices%20Update%20LinkedIn.png)](https://blog.gorozen.com/blog/the-potential-earnings-power-of-copper-miners) ### [The Potential Earnings Power of Copper Miners](https://blog.gorozen.com/blog/the-potential-earnings-power-of-copper-miners) 09/24/2021 First appeared in Q2 2021 letter Copper made a new all-time high during the quarter. After bottoming in January 2016 at $1.94 per pound, copper rallied 150% to reach $4.77 on May 11th 2021. Although... [Read More →](https://blog.gorozen.com/blog/the-potential-earnings-power-of-copper-miners) [![What to Expect From Gold and Silver Going Forward](https://blog.gorozen.com/hubfs/Blog/2021.09%20GR%20Blog%20Gold%20Silver%20Going%20Forward%20LinkedIn.png)](https://blog.gorozen.com/blog/what-to-expect-from-gold-and-silver-going-forward) ### [What to Expect From Gold and Silver Going Forward](https://blog.gorozen.com/blog/what-to-expect-from-gold-and-silver-going-forward) 09/10/2021 First appeared in Q2 2021 letter While we believe a huge precious metals bull market lies in front of us, we must also be aware that challenges remain over the medium term. Since the beginning of... [Read More →](https://blog.gorozen.com/blog/what-to-expect-from-gold-and-silver-going-forward) [![The Truth About Renewables – Featuring Leigh Goehring and Adam Rozencwajg](https://blog.gorozen.com/hubfs/Blog/2021.09%20GR%20Blog%20Truth%20About%20Renewables%20LinkedIn.png)](https://blog.gorozen.com/blog/the-truth-about-renewables-featuring-leigh-goehring-and-adam-rozencwajg) ### [The Truth About Renewables – Featuring Leigh Goehring and Adam Rozencwajg](https://blog.gorozen.com/blog/the-truth-about-renewables-featuring-leigh-goehring-and-adam-rozencwajg) 09/09/2021 Many of the most popular solutions being proposed to solve our planet’s CO2 problem will be difficult, if not impossible, to accomplish. In this video, managing partners Leigh Goehring and Adam... [Read More →](https://blog.gorozen.com/blog/the-truth-about-renewables-featuring-leigh-goehring-and-adam-rozencwajg) [![North American Gas Markets Now in Deficit](https://blog.gorozen.com/hubfs/Blog/2021.08%20GR%20North%20American%20Gas%20Markets%20LinkedIn.png)](https://blog.gorozen.com/blog/north-american-gas-markets-now-in-deficit) ### [North American Gas Markets Now in Deficit](https://blog.gorozen.com/blog/north-american-gas-markets-now-in-deficit) 08/31/2021 Tightness in the US natural gas market is beginning to manifest itself in low inventory levels. After having started the year at a 200 bcf surplus to the five-year seasonal average, US inventories... [Read More →](https://blog.gorozen.com/blog/north-american-gas-markets-now-in-deficit) [![Update on US Shale Oil Production and Rig Count](https://blog.gorozen.com/hubfs/Blog/2021.08%20GR%20Blog%20Update%20On%20Shale%20LinkedIn.png)](https://blog.gorozen.com/blog/update-on-us-shale-oil-production-and-rig-count) ### [Update on US Shale Oil Production and Rig Count](https://blog.gorozen.com/blog/update-on-us-shale-oil-production-and-rig-count) 08/27/2021 First appeared in 2Q letter August 5, 2021 2021 shale production has held up better than we expected. At the end of last year, we predicted shale production would experience sustained sequential... [Read More →](https://blog.gorozen.com/blog/update-on-us-shale-oil-production-and-rig-count) [![Looking Ahead to a Tight Oil Market](https://blog.gorozen.com/hubfs/Blog/2021.08%20GR%20Blog%20244%20LinkedIn.png)](https://blog.gorozen.com/blog/looking-ahead-to-a-tight-oil-market) ### [Looking Ahead to a Tight Oil Market](https://blog.gorozen.com/blog/looking-ahead-to-a-tight-oil-market) 08/18/2021 “Over the longer-term, ESG-led activist investors have all but ensured non-OPEC production will fall dramatically, leaving OPEC with increased market share and pricing power.” Over the past 18... [Read More →](https://blog.gorozen.com/blog/looking-ahead-to-a-tight-oil-market) [![Is Inflation Here to Stay?](https://blog.gorozen.com/hubfs/Blog/2021.07%20GR%20Blog%20243%20LinkedIn.png)](https://blog.gorozen.com/blog/is-inflation-here-to-stay) ### [Is Inflation Here to Stay?](https://blog.gorozen.com/blog/is-inflation-here-to-stay) 08/11/2021 “With Earnings Soaring, Banks See Boom Ahead” The New York Times, 4/14/2021. A vigorous debate has emerged surrounding inflation as money supply growth dramatically accelerates, deficit spending... [Read More →](https://blog.gorozen.com/blog/is-inflation-here-to-stay) [![China’s Impact on the Global Corn Market](https://blog.gorozen.com/hubfs/Blog/2021.07%20GR%20Blog%20242%20LinkedIn.png)](https://blog.gorozen.com/blog/chinas-impact-on-the-global-corn-market) ### [China’s Impact on the Global Corn Market](https://blog.gorozen.com/blog/chinas-impact-on-the-global-corn-market) 07/23/2021 In our Q4 2020 letter, we discussed how China had emerged seemingly overnight as one of the world’s largest corn importers. While China had become a large importer of soybeans 20 years ago, its corn... [Read More →](https://blog.gorozen.com/blog/chinas-impact-on-the-global-corn-market) [![The US is in Drought and Agricultural Markets in Deficit](https://blog.gorozen.com/hubfs/Blog/2021.06%20GR%20Blog%20241%20LinkedIn.png)](https://blog.gorozen.com/blog/the-us-is-in-drought-and-agricultural-markets-in-deficit) ### [The US is in Drought and Agricultural Markets in Deficit](https://blog.gorozen.com/blog/the-us-is-in-drought-and-agricultural-markets-in-deficit) 07/08/2021 Given low ending stocks, both corn and soy are extremely susceptible to any disappointments in plantings, harvest, or weather. As the 2021–2022 season gets underway, problems have already developed.... [Read More →](https://blog.gorozen.com/blog/the-us-is-in-drought-and-agricultural-markets-in-deficit) [![Oil Inventories Headed Lower Through Remainder of 2021](https://blog.gorozen.com/hubfs/Blog/2021.06%20GR%20Blog%20240%20LinekdIn.png)](https://blog.gorozen.com/blog/oil-inventories-headed-lower-through-remainder-of-2021) ### [Oil Inventories Headed Lower Through Remainder of 2021](https://blog.gorozen.com/blog/oil-inventories-headed-lower-through-remainder-of-2021) 06/30/2021 Non-OPEC+ production outside of the US is facing challenges similar to the situation with the US shales. In their most recent report, the IEA reports that non-OPEC+ production outside of the US was... [Read More →](https://blog.gorozen.com/blog/oil-inventories-headed-lower-through-remainder-of-2021) [![Leigh Goehring on the Many Factors Sending Oil Prices Higher](https://blog.gorozen.com/hubfs/Blog/2021.06%20GR%20Blog%20239%20LinkedIn.png)](https://blog.gorozen.com/blog/leigh-goehring-on-the-many-factors-sending-oil-prices-higher) ### [Leigh Goehring on the Many Factors Sending Oil Prices Higher](https://blog.gorozen.com/blog/leigh-goehring-on-the-many-factors-sending-oil-prices-higher) 06/24/2021 Managing Partners Leigh Goehring and Adam Rozencwajg recently hosted a video conference call along with Stacy Havener, CEO and Founder of Havener Capital Partners. During the event, they discussed... [Read More →](https://blog.gorozen.com/blog/leigh-goehring-on-the-many-factors-sending-oil-prices-higher) [![\[Podcast with Financial Sense\] Copper Has Years Left to Run](https://blog.gorozen.com/hubfs/Blog/2021.06%20GR%20Blog%20238%20LinkedIn.png)](https://blog.gorozen.com/blog/podcast-with-financial-sense-copper-has-years-left-to-run) ### [\[Podcast with Financial Sense\] Copper Has Years Left to Run](https://blog.gorozen.com/blog/podcast-with-financial-sense-copper-has-years-left-to-run) 06/17/2021 Managing partner Adam Rozencwajg was recently featured on Financial Sense Wealth Management’s popular podcast to discuss the supply and demand backdrop for copper, and why we’ll likely see higher... [Read More →](https://blog.gorozen.com/blog/podcast-with-financial-sense-copper-has-years-left-to-run) [![What a Difference a Year Makes (in Oil)](https://blog.gorozen.com/hubfs/Blog/2021.06%20GR%20Blog%20237%20LinkedIn.png)](https://blog.gorozen.com/blog/what-a-difference-a-year-makes-in-oil) ### [What a Difference a Year Makes (in Oil)](https://blog.gorozen.com/blog/what-a-difference-a-year-makes-in-oil) 06/15/2021 Exactly one year after West Texas Intermediate crude reached its historic -$37 per barrel low, the damage inflicted on global oil markets from the COVID-19 economic lockdowns has been largely... [Read More →](https://blog.gorozen.com/blog/what-a-difference-a-year-makes-in-oil) [All posts](https://blog.gorozen.com/blog/all) This quarter's ## Natural Resource Market Commentary [DOWNLOAD NOW](http://gorozen.com/research/commentaries) Stay informed with Natural Resource Market Insights Goehring & Rozencwajg Associates, LLC. 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