We first discussed lithium-ion batteries in our Q1 2018 letter, Déjà Vu: A History and Study of Electric Vehicles and the Oil Market Today. In that essay, we compared the total energy consumed by an...
Oil prices have joined bond yields in doing the unthinkable: trading at negative levels. In the case of oil, the West Texas Intermediate (WTI) May 2020 contract reached a low of -$40.32 at 2:24 pm on...
On our recent Market Update conference call (recorded on March 19, 2020), we received a number of questions regarding the supply and demand dynamics of today’s oil markets. Many attendees were...
Last April, Bloomberg BusinessWeek ran a cover story entitled “Is Inflation Dead?” We immediately thought back to the infamous 1979 BusinessWeek cover “The Death of Equities,” written less than...
![[SPECIAL REPORT] Oil Market Volatility](https://blog.gorozen.com/hubfs/Blog%20Images/Special-Report-LinkedIn.png)
Goehring and Rozencwajg have just released a Special Report regarding the severe volatility in the oil markets, including analyses around the OPEC+ developments that contributed to the worst two-day...
“The extreme bearishness towards energy related equities reminds us of the precious metals markets back in the late 1990s.” After extensive weakness in both Q2 and Q3, natural resources enjoyed a...
The slowing of shale oil production growth has become an accepted fact. However, we believe new forces are now at work that could produce another downward revision to US shale growth assumptions....
![[Podcast] Adam Rozencwajg Featured on Financial Sense](https://blog.gorozen.com/hubfs/Blog%20Images/G%26R%20PODCAST%20-%20Financial%20Sense.%20January%202020%20-%20LinkedIn.png)
Goehring & Rozencwajg (G&R) managing partner Adam Rozencwajg believes oil prices could rise to $80/barrel and higher this year and that natural resource equity investments are radically undervalued....
“Strongly contributing to the slowdown has been the dramatic increase in the underlying base declines.” US shale oil production growth slowed dramatically in 2019. We recently turned to our...
We believe that the upcoming next leg of gold’s bull market will be driven by western buyers, a subject we discussed in our 2Q 2019 Letter. Last decade’s gold bull market, which lasted 10 years and...