On today’s show, we bring back oil expert Josh Young to give an update on the oil market. This discussion touches on Buffett’s updated oil positions, why OPEC is encouraging others to invest more in oil production, the impact of the China reopening on global oil demand, and more.Josh is the Chief Investment Officer and Founder of Bison Interests, which focuses on investing strictly in oil and gas equities.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro.01:53 - The highlights of the oil and gas market in 2023.04:08 - How Buffett has shifted his investments in oil.11:00 - Why OPEC is sounding the alarm bells on a shortage of oil.16:13 - The impact of the China reopening on oil demand.23:03 - Josh’s thoughts on the USA dumping their SPR reserve while China is building their reserves.29:14 - How a rollover in shale production may impact oil prices.33:13 - How heavily the supermajors are reinvesting back into new production.38:09 - Josh’s view on alternative energy sources.43:47 - Josh’s approach to market timing in the oil market.52:59 - What the price of oil may indicate for current economic conditions.53:34 - How oil stocks have performed since 2022.65:42 - Josh’s view on how his bullish oil thesis may be wrong.69:02 - How higher interest rates are impacting the oil industry.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul><li>Check out our newly released<a href="https://theinvestorspodcast.com/mastermind" rel="noopener noreferrer" target="_blank">&nbsp;TIP Mastermind Community</a>.</li><li>Bison Interest’s&nbsp;<a href="https://bisoninterests.com/" rel="noopener noreferrer" target="_blank">research</a>.</li><li>Check out our recent episode :&nbsp;<a href="https://link.chtbl.com/WSB569" rel="noopener noreferrer" target="_blank">TIP569: An Investor’s Guide to Clear Thinking w/ Chris Mayer&nbsp;</a>or watch the video<a href="https://www.theinvestorspodcast.com/episodes/an-investors-guide-to-clear-thinking-w-chris-mayer/" rel="noopener noreferrer" target="_blank">&nbsp;here</a>.</li><li>Follow Josh on <a href="https://twitter.com/chriswmayer" rel="noopener noreferrer" target="_blank">Twitter</a>.</li><li>Follow Clay on <a href="https://twitter.com/Clay_Finck" rel="noopener noreferrer" target="_blank">Twitter</a>.</li></ul>NEW TO THE SHOW?<ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank">We Study Billionaires Starter Packs</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Try our tool for picking stock winners and managing our portfolios:&nbsp;<a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>Enjoy exclusive perks from our&nbsp;<a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer" target="_blank">favorite Apps and Services</a>.</li><li>Stay up-to-date on financial markets and investing strategies through our daily newsletter,<a href="https://www.theinvestorspodcast.com/newsletters/" rel="noopener noreferrer" target="_blank">&nbsp;We Study Markets.</a></li><li>Learn how to better start, manage, and grow your business with the&nbsp;<a href="https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/" rel="noopener noreferrer" target="_blank">best business podcasts</a>.</li></ul>P.S The Investor’s Podcast Network is excited to launch a&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">subreddit</a>&nbsp;devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">r/TheInvestorsPodcast</a>&nbsp;today!SPONSORS<ul><li>Invest in Bitcoin with confidence on&nbsp;<a href="https://river.com/" rel="noopener noreferrer" target="_blank">River</a>. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.</li><li>Reach the world’s largest audience with&nbsp;<a href="https://linkedin.com/results" rel="noopener noreferrer" target="_blank">Linkedin</a>, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!</li><li>Get a customized solution for all of your KPIs in one efficient system with one source of truth. 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