As Gold & Silver Rip, is OIL the Next Commodity to Go BALLISTIC? Josh Young

Josh Young thinks that while all eyes are on gold and silver ripping to new all-time highs, oil's recent price drop has made it a much more attractive target for contrarian-minded investors and he believes it could be the next commodity to shock the market to the upside, as the fundamental picture remains extremely bullish. Josh outlines his latest thesis for the oil and gas sector and breaks down why the US-China trade war is a massive wildcard, why OPEC+ production increases are far less bearish than they seem, why US oil production is in decline, and so much more.

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00:00 Introduction
01:09 Oil Drops Amidst US-China Trade War
03:26 Is Oil Next to Go Parabolic?
09:08 OPEC+ Role in Oil Market
15:08 Is US Production in Decline?
20:26 War for Oil in Venezuela?
26:47 Is Global Conflict Bullish for Oil?
33:04 Natural Gas and the AI Revolution