Top 3 Goehring & Rozencwajg Posts of 2022

Topics: Commodities, Natural Resources, Oil

While we are at the midpoint of the year, we'd like to take a moment to reflect on our writings. Below you will find our top 3 most viewed blog posts of 2022 to date.

We sincerely appreciate your continued support and interest in our market insights.

Best wishes always,
Goehring & Rozencwajg 

The Global Natural Gas Crisis is coming to North America

2022.07 GR Blog #320 - Top 3 - GlobalA sudden and unexpected event is about to take place: the global natural gas crisis, now gripping large swaths of the world, is about to engulf North America as well.

Asian and European natural gas prices today stand at $30 per mcf versus $7.50 per mcf here in the United States. Given the underlying fundamentals that have now developed in US gas markets, we believe prices are about to surge and converge with international prices within the next 6 months. The convergence of US and international gas prices will come out of nowhere and take all investors by surprise.

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The Commodity Bull Market Has Only Just Begun

2022.07 GR Blog #320 - Top 3 - Commodity Bull MarketOne of the most frequent questions we get asked regarding this commodity bull market is: “Have I missed it? Is it too late to make an investment in natural resources?”

From our base of younger investors, we frequently get questions such as this: “I have been reading your material for the last two years and I started getting heavily involved in the commodity markets and I have made a lot of money. Is the top near? Should I sell out? Is this commodity bull market over?”

Given the big moves in various commodity markets since the summer of 2020, it is logical to ask these questions. But our response to all these questions is going to be a real shocker. Not only is the commodity bull market not over, it has hardly begun.

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Running Out of Spare Oil Capacity - What's Next?

Running Out of Spare Oil Capacity - What's Next?Between 2010 and 2020 the world grew accustomed to cheap, abundant conventional energy. Global energy markets were so well supplied for so long that neither investors nor consumers gave energy markets much thought. We were one of the few warning that an impending energy shortage and crisis would emerge in the next several years. The calm of the past decade has been turned upside down seemingly overnight. Conventional wisdom holds that today’s energy shortage is the result of Russia’s invasion of Ukraine; however, we strongly believe this is incorrect. While Russia’s invasion has made the energy shortage much worse in the short term, the underlying problems have been building for many years and cannot be easily remedied.

Our biggest short-term problem is that we are now running out of spare oil pumping capacity.

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Access the call replay from March 9, 2022 - Natural Resources: Inflation, Capital Cycles and ESG Distortions