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 Investing to discuss the forces reshaping global energy markets — and why investors may need to look beyond the price of crude to understand what is happening beneath the surface.
Their conversation examines the growing disconnect between crude oil and refined products, the impact of geopolitical disruptions, the outlook for U.S. shale production, and the consequences of years of underinvestment across the global energy industry.
But the discussion extends beyond oil.
Adam also explores how pressures building across energy markets could have broader implications for inflation, agriculture, the economy, and ultimately investor portfolios.
The central question: Are markets correctly pricing the risks ahead — or has the apparent calm created a false sense of security?
Click on the image below to listen to the full episode of “The Oil Supply Shock Hiding in Plain Sight” and hear Adam’s perspective.
This podcast episode was recorded in August 2026.
Want to learn more from Goehring & Rozencwajg? We invite you to download or revisit our entire Q2 2026 investor research letter, which is available below.
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