Josef Schachter: The Oil Super Cycle Could Run to 2036, and Canada Is the Cheap Way to Play It

Josef Schachter has spent 40 years in the Canadian investment industry and runs the Schachter Energy Report. He’s watched energy super cycles since the 1970s, and he joins Bill Powers to explain why he thinks the current one, which began in March 2020, could last until 2034–2036. He covers his WTI forecast of $90 for 2027, why he sees oil going past $150 and eventually $200, the natural gas setup for next winter, and why Canadian producers trading at 2–3x cash flow may be the value play of the cycle.

00:00 Show Introduction

00:32 Oil Supercycle History

02:48 Current Cycle Signals

04:36 Canada Oil Gas Divide

05:15 Politics and Pipelines

06:54 Bull Case Risks

07:38 Venezuela Supply Reality

09:01 Demand Beyond Driving

10:45 2036 Price Targets

12:20 Natural Gas Bull Thesis

13:39 How to Forecast Gas

15:10 Best Nat Gas Plays

16:09 Picking Winning Producers

17:09 Valuation and Reserves

20:09 Final Thoughts