# Josh Young: How Long Before the Oil System Breaks?

Page: https://stenobird.com/podcast/know-your-risk-podcast-218898/josh-young-how-long-before-the-oil-system-breaks
Text version: https://stenobird.com/podcast/know-your-risk-podcast-218898/josh-young-how-long-before-the-oil-system-breaks.md
Podcast: [Know Your Risk Podcast](https://stenobird.com/podcast/know-your-risk-podcast-218898)
Published: 2026-05-18T20:59:36+00:00
Episode link: https://www.spreaker.com/episode/josh-young-how-long-before-the-oil-system-breaks--72060800
Audio file: https://api.spreaker.com/download/episode/72060800/kyr_podcast_5_18.mp3
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JSON: https://stenobird.com/v1/public/podcasts/know-your-risk-podcast-218898/episodes/josh-young-how-long-before-the-oil-system-breaks
Duration seconds: 3880

## Resource

May 18, 2026 - Zach and Chase are joined by Josh Young of Bison Interests to discuss why global energy markets may be far more fragile than investors realize. Josh breaks down the real inventory math behind the Strait of Hormuz disruption, why oil markets have remained surprisingly calm so far, what happens when global storage levels approach “tank bottoms,” and why many analysts may still be underestimating the scale of the risk. They also discuss SPR drawdowns, refinery margins, shale productivity, geopolitical uncertainty, and why energy service companies may offer some of the most asymmetric opportunities in the market today.

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## Transcript

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