Why Exxon And Chevron CEOs Are Talking About $150 Physical Oil

Recorded on June 1 2026 at NRS Studios Josh Young of Bison Interests and Bison Insights joins Andy Millette to break down one of the most intense oil market setups in years. Josh explains why the market was positioned for a super glut that he argues did not exist, how the Iran war and Strait of Hormuz disruption changed the supply picture, and why global inventories matter more than many traders realize. He walks through oil supply, storage, demand destruction, tanker delays, regional shortage risk, U.S. energy strength, oilfield services, drilling productivity, and what investors should watch as the cycle develops.…