AIA Video Update 1/28/18
This week I discuss the recent Goehring & Rozencwajg fourth quarter 2017 Natural Resources Report. In the report G&R make the case for $100 oil sometime in 2018.
There has been massive underinvestment in new reserves. In fact we have consumed 360 billion barrels of oil since 2007 and only found 110 billion barrels during the same time frame.
There is also discussion of uranium fundementals, which most readers should be up to speed on already.
They also discuss India now entering its S-curve for oil demand. Think India now at the same place China was in 2001 with respect to commodities and resource demand.
One factoid; India has less than 1000 miles of interstate highway in the entire country of 1.4 billion people.