Adam Rozencwajg's recent interview - Feb 3

[dan_s]

Watch this interview recorded last week: https://www.youtube.com/watch?v=Pbl1ouqWM5U

MY TAKE:
1. The U.S. (and Europe) must have a "Commons Sense" energy plan very soon.
2. U.S. oil production growth has slowed (only 200,000 bpd growth in 2025) and likely to go on decline soon.
3. "Drill Baby Drill" won't happen unless oil prices go a lot higher AND won't help much because the problem is geologic. We are running out of Tier One drilling locations. Increasing gas-to-oil ratios in the Permian Basin tell us that West Texas oil production is peaking soon.
4. Lack of investment in exploration / finding and development of new oil & gas reserves is still a major problem for the world's energy supply.
5. Without U.S. oil production growth, all of OPEC+ spare capacity will be needed within just a few years.
6. Total energy demand will keep growing because of AI's demand for electricity and energy demand grows in lockstep with population growth. Having affordable energy is key to a high standard of living.

For the U.S. and Europe the near-term solutions are using more natural gas for transportation fuels and power generation. Nuclear for power generation is also going to be a MUST after 2030. Wind & Solar will always be a small percentage of total energy supply because they are unreliable. A modern economy must have reliable energy supply.

Outlook for U.S. natural gas is bullish. The recent dip in the gas price was weather forecast related. U.S. weather forecast is turning bullish. By mid-February lower than normal temperatures will be back over the eastern 2/3rds of the U.S.

For more, including the bullish outlook for copper and uranium, go here: https://www.gorozen.com/