Stijn Schmitz welcomes Josef Schachter to the show. Josef Schachter is the Founder of Schachter Asset Management Inc. Josef clarifies that the current energy market tightness is not a crude oil shortage but a severe refining capacity problem, particularly impacting Asia. While US production has surged to 24 million barrels daily, allowing for exports, a lack of refined products in Asia has driven local prices to the equivalent of over $150 per barrel. He attributes the volatility to geopolitical tensions, noting that oil prices swung from the high $90s to $67 before rebounding into the mid-$80s on renewed conflict fears.
Recorded on: July 29, 2026
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Timestamps:
00:00:00 - Introduction
00:00:42 - Current energy market conditions
00:02:46 - Crude oil supply analysis
00:04:23 - Refined product shortages
00:09:28 - Floating storage discussion
00:14:40 - Oil Shortage Debunking Thesis
00:17:47 - Dire Straits, Situation
00:21:08 - Asia refining crisis
00:25:42 - Asian Demand & Implications
00:29:05 - Recession and price scenarios
00:31:58 - Oil producer investment opportunities
00:35:48 - Canada energy sector outlook
00:41:10 - Other Opportunities?
00:46:47 - Concluding Thoughts
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Website:
https://schachterenergyreport.ca
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Josef Schachter is a 40+ year veteran of the Canadian Investment Management Industry, Josef Schachter has experienced several exceptional and turbulent global economic and stock market cycles. With his primary focus in the stock market and the energy sector, Josef is able to weave global political, economic and monetary issues with current energy data into a compelling story of what’s going on, what is to come, and why.
Josef is a frequent guest on Michael Campbell’s Podcast ‘Mikes Money Talks’ and other podcast and radio shows and is often quoted in the media. He is a regular Guest Speaker at the annual World Outlook Financial Conference in Vancouver and he delivers presentations to various companies and organizations. For several years, he was a frequent and notably colourful commentator on BNN Bloomberg’s Market Call.
Josef provided Oil and Gas research to Maison Placements Canada geared to their institutional clients for 15 years ending April 2017, and was acknowledged as the first analyst in Canada to predict the Oil Price Plunge of 2014.
Prior to establishing his firm Schachter Asset Management Inc. in 1996, Josef was the Chief Market Strategist at Richardson Greenshields, a Director of RGCL and a member of its Investment Policy Committee. He holds a Chartered Financial Analyst designation and is a past Chairman of the Canadian Council of Financial Analysts.
#CrudeOil #EnergyMarkets #OilPrices #RefiningCapacity #Geopolitics #MiddleEast #IranWar #StraitOfHormuz #OilSupply #OilDemand #FloatingStorage #SPR #AsiaShortage #EnergyCrisis #RecessionRisk 
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