---
title: [New Podcast] Leigh Goehring and Adam Rozencwajg join Grant’s Current Yield Podcast
description: [New Podcast] Apple stock worth more than the entire energy sector? In this podcast with Grant’s Interest Rate Observer, we talk declining U.S. shale production growth and a changing global energy landscape.
image: https://blog.gorozen.com/hubfs/Blog%20Images/2019-Grants-Podcast-Blog-177-LinkedIn.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)

## \[New Podcast\] Leigh Goehring and Adam Rozencwajg join Grant’s Current Yield Podcast

12/02/2019

Leigh Goehring and Adam Rozencwajg were recently featured on **Grant’s Current Yield Podcast**, where they spoke with Grant’s Interest Rate Observer founder Jim Grant and Deputy Editor Evan Lorenz.

![Grants Current Yield Podcast](https://blog.gorozen.com/hs-fs/hubfs/Blog%20Images/Grants%20Current%20Yield%20Podcast.jpg?width=220&name=Grants%20Current%20Yield%20Podcast.jpg)*Image Source: [Grantspub.com](https://www.grantspub.com/podcasts.cfm)*

 

The segment begins with a discussion of how cheap energy stocks have become. In particular, as of the date of this recording, the **market capitalization of Apple stock exceeded the value of entire energy sector**, according to Bank of America Merrill Lynch.

 

So why would anyone want to invest in the energy sector, given the extremely bearish psychology surrounding the space? As contrarian investors, Leigh and Adam welcome this type of radically negative sentiment and enjoy analyzing the evolving fundamentals that most investors seem to be missing.

 

**Specifically, Leigh and Adam touch on market aspects including:**

- How the dozen counties of the Permian basin (not Saudi Arabia) could make or break the global oil market over the next 10 years.
- Lower well quality and the base decline in American shale oil that will likely impact global supply.
- How to accurately measure remaining shale oil reserves.

It's a gusher, [listen here](https://hwcdn.libsyn.com/p/e/3/4/e340bbd218b36850/Grants_Current_Yield_Podcast_11.18.19.mp3?c_id=58232510&cs_id=58232510&destination_id=522495&expiration=1574800925&hwt=2572f5a9423ea3465e252c3626d6e902)[: Grant’s Current Yield Podcast with Goehring & Rozencwajg.](https://hwcdn.libsyn.com/p/e/3/4/e340bbd218b36850/Grants_Current_Yield_Podcast_11.18.19.mp3?c_id=58232510&cs_id=58232510&destination_id=522495&expiration=1574800925&hwt=2572f5a9423ea3465e252c3626d6e902)

---

***[![New call-to-action](https://no-cache.hubspot.com/cta/default/4043042/7066f81a-9c41-4eca-8f11-aa7030727df0.png)](https://cta-redirect.hubspot.com/cta/redirect/4043042/7066f81a-9c41-4eca-8f11-aa7030727df0)***

 

[Back](https://blog.gorozen.com/blog)

### Stay informed with Natural Resource Market Insights

### Recent Posts

Goehring & Rozencwajg Associates, LLC. The information provided on this website is intended to provide the investor with an introduction to Goehring & Rozencwajg Associates, LLC. Nothing on this website should be construed as a solicitation offer, or recommendation to buy or sell any security or as an offer to provide advisory services. Information on this website is intended only for United States citizens and residents. Nothing contained on this website constitutes investment, legal, tax, or other advice nor should be relied upon in making an investment or other decision. Investors should always obtain and read an up-to-date investment services description or prospectus before deciding whether to appoint an investment advisor or to invest in a fund.

This material may include estimates, outlooks, projections and other “forward-looking statements.” Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Investments concentrated in natural resources involve a higher degree of risk than more diversified strategies. **Past performance is no guarantee of future results.**

Investment process, strategies, philosophies, portfolio composition and allocations, security selection criteria and other parameters are current as of the date indicated and are subject to change without prior notice.

Neither rankings nor recognitions by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any professional designation, certification, degree, or license, membership in any professional organization, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that the client will experience a certain level of results if the investment professional or the investment professional’s firm is engaged, or continues to be engaged, to provide investment advisory services. A fee was not paid by either the investment professional or the investment professional’s firm to receive the ranking. The ranking is based upon specific criteria and methodology (see ranking criteria/methodology-to the extent applicable). No ranking or recognition should be construed as an endorsement by any past or current client of the investment professional or the investment professional’s firm.

Certain links may let you leave the Adviser’s website. The linked websites are not under the control of the Adviser, and we are not responsible for the content of any linked website, or any link contained in a linked website, or any changes or updates to such websites. Adviser is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, investigation, verification or monitoring by us of such third-party website. Any references to outside data, opinions or content are listed for informational purposes only and have not been verified for accuracy by the Adviser.  Third-party views, opinions or forecasts do not necessarily reflect those of the Adviser or its employees.

Unless stated otherwise, any mention of specific securities or investments is for illustrative purposes only. Adviser's clients may or may not hold the securities discussed in theri portfolios. Adviser makes no representations that any of the securities discussed have been or will be profitable.

- [ADV Part 3 - Form CRS](https://blog.gorozen.com/hubfs/Compliance%20Files/Goehring%20%26%20Rozencwajg%20Associates%20CRS%20Form%20ADV%20Part%203.pdf)
- [Cookie Policy](https://blog.gorozen.com/hubfs/Compliance%20Files/G%26R%20Cookie%20Policy.pdf)
- [Privacy Policy](https://blog.gorozen.com/hubfs/Compliance%20Files/G%26R%20Website%20Privacy%20Policy.pdf)

Goehring & Rozencwajg Associates LLC © 2023

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Goehring & Rozencwajg Team",
    "url" : "https://blog.gorozen.com/blog/author/goehring-rozencwajg-team"
  },
  "dateModified" : "2024-01-31T18:01:58.865Z",
  "datePublished" : "2019-12-02T16:02:11.000Z",
  "headline" : "[New Podcast] Leigh Goehring and Adam Rozencwajg join Grant’s Current Yield Podcast",
  "image" : [ "https://blog.gorozen.com/hubfs/Blog%20Images/2019-Grants-Podcast-Blog-177-LinkedIn.png" ],
  "mainEntityOfPage" : {
    "@id" : "https://blog.gorozen.com/blog/leigh-goehring-and-adam-rozencwajg-join-grants-current-yield-podcast",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://blog.gorozen.com/hubfs/Logos/GoRozen-logo-web.png"
    },
    "name" : "Goehring & Rozencwajg"
  }
}
```