Key facts
- Josh Young stated that global oil stocks are depleting quickly.
- He warned of low usable oil reserves.
- Young sees a fair value of $105 for West Texas Intermediate (WTI) crude.
- He believes there is hidden upside in undervalued energy assets.
Josh Young, representing Bison, has issued a warning about the potential for "massive" currency debasement driven by the ongoing rise in oil prices. He highlighted that global oil stocks are depleting rapidly and cautioned about the low level of usable reserves. Young estimates that West Texas Intermediate (WTI) crude has a fair value of $105 per barrel and suggested that there is significant hidden upside potential in undervalued energy assets.