Energy Shock, Oil Markets, & the New Commodity Cycle with Adam Rozencwajg - Episode 143

In this episode of Definitely Uncertain, Adam Rozencwajg from Goehring & Rozencwajg returns to the podcast to discuss why he believes the global energy market is far tighter than most investors realize, arguing that oil shortages, underinvestment in energy production, and geopolitical disruptions are setting up a long-term commodity bull market. He explains why his firm shifted heavily from gold into oil and natural gas, outlines concerns about U.S. shale depletion, the Strait of Hormuz disruptions, OPEC instability, and inflation risks, while also sharing his outlook on gold, energy stocks, and the broader macroeconomic environment. IN THIS EPISODE, WE DISCUSS: • Commodity Markets • Oil & Natural Gas • Shift from Gold • Geopolitical Risks • Macroeconomic Outlook ABOUT ADAM ROZENCWAJG Adam Rozencwajg is a Co-Founder and Managing Partner at Goehring & Rozencwajg (G&R), a premier global natural resource investment firm based in New York. With 17 years of investment management experience in the natural resource sector, Mr. Rozencwajg is recognized as a leading authority on commodities, renowned for his contrarian, deep-value investment philosophy and original research spanning decades of long-term market cycles. His prescient investment themes and industry renowned and widely followed quarterly commentaries have cemented his status as one of the foremost experts in natural resources worldwide. ABOUT DEFINITELY UNCERTAIN Since 2020, Goldrock has produced Definitely Uncertain, The Private Wealth Podcast. The podcast helps to unravel the many uncertainties facing high-net-worth families, covering topics ranging from investment strategies and macro trends to family governance and philanthropy. ABOUT GOLDROCK Goldrock is a trusted family office advisory firm - assisting significant families in the management of their affairs and financial assets. Goldrock understands the importance of wealth preservation and risk mitigation, and has first-hand experience managing significant family events and milestones. We are strong believers that asset allocation is the key driver to investment returns. We create our own global asset allocation which is applied uniquely to each family and work with the best investment managers from around the world. Our only interests are those of the families we serve. We are a fee-only, non-discretionary adviser. The firm was established in 1998 by Daniel Goldman. Learn more: https://www.goldrockcap.com/ Subscribe to stay updated on how to navigate the uncertainties of private wealth.