This podcast is sponsored by Masterworks, the first platform for buying and selling shares representing an investment in iconic artworks. They are making it possible to invest in multimillion-dollar works from artists like Banksy, Kaws, Basquiat, and many more. Josh Young is the Chief Investment Officer and Founder of Bison Interests – an investment firm that focuses on the publicly traded oil and gas sector. He has over 15 years of experience in investment management, 10 of which were focused on publicly-traded oil and gas securities. Josh became Chairman of the Board of RMP Energy in 2017. After refreshing the board and management team and rebranding the company (Iron Bridge Resources), it was bought out at a 78% premium in 2018.  Before this, Josh was a management consultant to Fortune 500 companies and private equity firms, and then an investment analyst at a private equity fund. Josh worked as an energy investment analyst for a multi-billion-dollar, single family office. In this podcast we discuss: Understanding the energy sector, the cost of drilling, impact of ESG on the energy sector, and why oil input isn’t higher. He also discussed the structural supply issues for the energy sector, the investment needs to maintain supply, the regulatory pressures on supply, if the Middle East can step up supply, and the best to get exposure to energy. On a more personal note he also revealed the books that influenced him the most: The First Billion Is the Hardest (Pickens) and Fooling Some of the People All of the Time (Einhorn).