--- title: [Podcast] Energy Demand is Massively Misunderstood, Here's Why We're Bullish description: Adam Rozencwajg, CFA, Managing Partner at Goehring & Rozencwajg, joined the Commodity Culture podcast to discuss Energy Demand. image: https://blog.gorozen.com/hubfs/Blog/2024%20Blogs/2024.02%20GR%20Blog%20%23388-Commodity%20Culture%20Podcast%20-%20Twitter.png --- [![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) ![Banner](https://blog.gorozen.com/hubfs/Gorozen_July2023/images/post-image.webp) ## \[Podcast\] Energy Demand is Massively Misunderstood, Here's Why We're Bullish 02/16/2024 [![Share on linkedin](https://7528302.fs1.hubspotusercontent-na1.net/hub/7528302/hubfs/raw_assets/public/mV0_d-web-default-modules_hubspot/img/linkedin-color.png?width=24&name=linkedin-color.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fblog.gorozen.com%2Fblog%2Fenergy-demand%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on twitter](https://7528304.fs1.hubspotusercontent-na1.net/hub/7528304/hubfs/raw_assets/public/mV0_d-web-default-modules_hubspot/img/twitter-color.png?width=24&name=twitter-color.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fblog.gorozen.com%2Fblog%2Fenergy-demand%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fblog.gorozen.com%2Fblog%2Fenergy-demand%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=) [![Share on email](https://7528311.fs1.hubspotusercontent-na1.net/hub/7528311/hubfs/raw_assets/public/mV0_d-web-default-modules_hubspot/img/email-color.png?width=24&name=email-color.png)](mailto:?subject=Check%20out%20https%3A%2F%2Fblog.gorozen.com%2Fblog%2Fenergy-demand%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Fblog.gorozen.com%2Fblog%2Fenergy-demand%3Futm_medium%3Dsocial%26utm_source%3Demail) "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 *Commodity Culture* podcast. To shed light on this matter, Adam Rozencwajg, CFA, Managing Partner of Goehring & Rozencwajg, joined Jesse Day on the *Commodity Culture* podcast to delve into his research and provide insights. Adam's expertise in the energy sector highlights its indispensability for various reasons, which he expounds upon during this interview. With an in-depth investment thesis for oil, natural gas, and uranium, Adam also clarifies the prevalent misunderstanding among investors regarding the intricate balance of supply and demand in the energy landscape. We invite you to listen to this very enlightening interview. [![CLICK HERE TO LISTEN TO PODCAST](https://no-cache.hubspot.com/cta/default/4043042/faa9fad8-6d71-489c-8e60-6bb634e08d35.png)](https://cta-redirect.hubspot.com/cta/redirect/4043042/faa9fad8-6d71-489c-8e60-6bb634e08d35) *00:00 Introduction 00:56 The Reality of Energy Demand 17:56 Increased Efficiency in Oil & Gas Extraction 24:09 Oil Now is Like Uranium a Year Ago 30:22 Outlook for Natural Gas 34:01 There Will Be a Scramble For Uranium 42:04 What's the Bear Case?* *Interview was released on February 7, 2024.* --- **Want to learn more from Goehring & Rozencwajg?** We invite you to download or revisit our Q3 2023 investor research letter, available below.    [![New call-to-action](https://no-cache.hubspot.com/cta/default/4043042/463bc3de-7bd4-4c9b-8871-9e5a0dca3f49.png)](https://cta-redirect.hubspot.com/cta/redirect/4043042/463bc3de-7bd4-4c9b-8871-9e5a0dca3f49)   *Registration with the SEC should not be construed as an endorsement or an indicator of investment skill, acumen or experience. 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