Top Three Blog Posts of 2020


A return of inflation could wreak havoc on many investors’ portfolios, especially those heavy in fixed-income securities. In 2020 we wrote extensively on how the Fed’s actions and the CARES Act..

Falling Rig Count and Demand Normalization


“If production were to average 80.5 mm b/d, then global inventories would go from ‘full’ to 15-year low levels in only two months.”


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In recent blogs we’ve been..

[New Podcast] Adam Rozencwajg Talks Oil Markets on Financial Sense


“In the history of crude oil, nothing can compare to the past two months." 


Goehring & Rozencwajg managing partner Adam Rozencwajg recently joined Financial Sense (FS) Senior Editor Cris..

Oil Production Cuts and Their Long-Lasting Repercussions


“According to the EIA weekly inventory figures, US production has fallen by nearly 1 mm b/d or 7% in only five weeks – the second-sharpest decline in US production ever outside of..

Negative Oil Prices: How it Happened and Resulting Implications


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..

Today’s Oil Markets: Supply and Demand Dynamics


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..

We Are Entering Into A New Era Of Inflation. Are You Prepared?


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


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..

The Disconnect Between Oil Stocks and Oil Prices Continues


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..

Shale Oil: The High Risk of High-Grading


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...

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