{"podcast":{"title":"Top Traders Unplugged","slug":"top-traders-unplugged-761537","podcast_index_feed_id":761537,"rss_url":"https://feeds.captivate.fm/top-traders-unplugged/","website_url":"https://www.toptradersunplugged.com","image_url":"https://artwork.captivate.fm/bfa6862a-fa82-47dc-992e-4d07b053c894/ttu-logo-3000.jpg","author":"Niels Kaastrup-Larsen","episode_count":953,"summary":"Top Traders Unplugged is where the world’s best investors come to share how they think - not just what they trade. Hosted by Niels Kaastrup-Larsen, the show goes deep into systematic trend following, global macro, and the principles that drive long-term success. No forecasts. No fads. Just real conversations with hedge fund managers, economists, authors, and allocators - revealing the timeless ideas, mental models, and risk frameworks behind robust performance. If you're building resilient portfolios, allocating capital, or simply looking to cut through the noise - this is your edge. Clear thinking. Deep insights. Real experience. 🎧 New episodes weekly. Explore all episodes at toptradersunplugged.com https://toptradersunplugged.com","last_synced_at":"2026-08-01T12:21:31.022736+00:00","page_url":"https://stenobird.com/podcast/top-traders-unplugged-761537"},"episode":{"title":"GM105: The Billion-Barrel Shock Has Not Arrived Yet ft. Adam Rozencwajg","slug":"gm105-the-billion-barrel-shock-has-not-arrived-yet-ft-adam-rozencwajg","published_at":"2026-07-15T04:00:00+00:00","page_url":"https://stenobird.com/podcast/top-traders-unplugged-761537/gm105-the-billion-barrel-shock-has-not-arrived-yet-ft-adam-rozencwajg","show_page_url":"https://stenobird.com/podcast/top-traders-unplugged-761537","url":"http://localhost:8888/TopTradersUnplugged/ttu-2021/homepage/gm105-why-the-commodity-cycle-is-just-beginning-ft-adam-rozencwajg","audio_url":"https://episodes.captivate.fm/episode/23c1c2e7-9e08-494c-83c0-ed89b64ca79b.mp3","summary":"More than a billion barrels of expected oil supply have been removed from the market. Yet prices suggest the danger has passed. Adam Rozencwajg joins Cem Karsan and Niels Kaastrup-Larsen to explain why that conclusion may be dangerously premature. The missing barrels have not disappeared from the equation. Their impact is still moving through tankers, refineries and inventories, hidden by reporting delays and China’s strategic response. From the limits of petroleum reserves to falling stockpiles, gold’s correction and the energy required to power AI, this episode examines a market caught between what prices are saying and what the physical system may soon reveal. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written  here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to  info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on  iTunes  or Spotify so more people can discover the podcast. Follow Cem on Twitter . Episode TimeStamps: 00:00 - Why commodity super cycles are driven by capital investment, not geopolitics 09:30 - The impact of Middle East supply disruptions on global oil markets 15:38 - Oil inventories, strategic reserves and why the data may be misleading 21:57 - China's energy strategy and its growing influence on global markets 31:23 - Why energy markets have not reacted as many inves…","meta_description":"More than a billion barrels of expected oil supply have been removed from the market. Yet prices suggest the danger has passed. Adam Rozencwajg joins Cem…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4532,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/top-traders-unplugged-761537/episodes/gm105-the-billion-barrel-shock-has-not-arrived-yet-ft-adam-rozencwajg/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/top-traders-unplugged-761537/gm105-the-billion-barrel-shock-has-not-arrived-yet-ft-adam-rozencwajg.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}