Goldman's Currie Has High Confidence in Oil Price Spike in 12-18 Months

The video discusses the impact of COVID-19 and the Ukraine war on the commodity market, highlighting China's significant role in creating spare capacity due to its lockdowns. As China recovers, the market faces tighter conditions. Investor interest in commodities is low, but potential capital flows could change this. The concept of peak oil is revisited, with energy security becoming a priority due to supply concerns in Europe. The video also explains the commodity super cycle, characterized by price spikes, and predicts another spike in the next 12 to 18 months.

How have COVID and the war in Ukraine impacted the commodity complex?

What does the speaker mean by 'spare capacity' in the context of oil and metals?

What factors contribute to the current low investor participation in the commodity space?

Discuss the concept of 'peak oil' and its relevance according to the speaker.

What does the speaker suggest about the future of commodity prices and potential spikes?