Goldman's Currie Sees Potential for Oil Prices to 'Explode'

The video discusses the current state and future of commodity markets, highlighting the transition from demand recovery to pricing scarcity. It explores potential market disruptions, particularly in oil and natural gas, and their impact on prices. The discussion includes investment strategies in commodities, focusing on backwardation and demand destruction. It also covers global energy investments, geopolitical factors, and the challenges of long vs short cycle investments. Finally, it examines the future of oil and shale production, considering ESG issues and investment flows.

What role does substitution play in demand destruction within commodity markets?

How have geopolitical factors influenced natural gas supply in Europe?

What challenges are faced in increasing oil production in the current market?