Global oil inventories are running out faster than most people realize. Josh Young, founder and CEO of Bison Interests, says less than 10% of global stockpiles may be usable, and the market has almost no room left for another supply shock. He explains why WTI’s fair value sits near $105 a barrel, why an Iran peace deal might not bring lasting relief, and which part of the energy market he believes is deeply undervalued.

Chapters:00:00 Saudi Aramco Warns Rebuilding Oil Stockpiles Could Take Two Years02:00 Would an Iran Peace Deal Crash Oil? Why WTI’s Fair Value Is $10504:03 How Long It Takes to Restore Damaged Middle East Energy Infrastructure05:33 Strait of Hormuz Flows,…

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