The Jay Young Show

On this episode of The Jay Young Show, Jay Young and co-host Jordan Soto welcome Josef Schachter, President of Schachter Energy Research Services and a 40-year veteran of the investment management industry.

Josef specializes in connecting geopolitics, macroeconomics, and global energy markets to forecast where oil and natural gas prices are headed next. In this conversation, we break down the current energy cycle, global supply dynamics, and what it all means for investors and U.S. operators.

We discuss:

• Are we early, mid, or late in the current energy cycle?
• Is this a true commodity supercycle — or just a geopolitical spike?
• What would turn the outlook bearish on oil?
• How China’s purchases of discounted Russian crude are reshaping global pricing
• Whether India reducing Russian imports could tighten global supply
• The realistic growth potential for U.S. and Canadian LNG exports
• Who can actually add production in the coming years — OPEC, OPEC+, the U.S., Guyana, Brazil, or Canada?
• The biggest mistakes energy investors make during volatile markets

We also examine how sanctions, shipping restrictions, and capital constraints on Russia may create structural price support — and why disciplined U.S. operators can benefit when geopolitics tightens global supply.

Jay’s Weekly Five

Word of the Week: Hunger
A reminder that disciplined, focused effort is what separates long-term success from short-term reaction.

Bible Verse:
Galatians 6:9 — “Let us not grow weary of doing good, for in due season we will reap, if we do not give up.”

If you’re an energy investor, operator, or market-focused listener looking to better understand oil prices, LNG growth, OPEC strategy, and global supply shifts, this episode delivers practical insight from one of the industry’s most experienced voices.

Subscribe to The Jay Young Show for weekly conversations on energy, markets, leadership, and investing.

The energy markets are shifting again.

In this episode of The Jay Young Show, Jay Young sits down with Robert Thummel, Senior Portfolio Manager at Tortoise Capital, to break down where oil and gas investing stands heading into 2026.

Are we early, mid, or late cycle in energy?
Is capital discipline real this time?
What metrics actually matter when evaluating energy investments today, free cash flow, balance sheet strength, production growth?

Rob shares macro insights on:

• The current energy investment cycle
• Key indicators impacting oil & gas markets over the next 12–24 months
• How investors should position energy within a diversified portfolio
• Where the biggest disconnect exists between media headlines and market fundamentals
• One contrarian view most investors are missing

We also cover breaking oil & gas news:

California refinery shutdowns and what shrinking refining capacity means for gas prices

•  Valero’s Benicia refinery closure 
• Phillips 66 layoffs in Los Angeles 
• The broader impact of regulatory costs on domestic energy infrastructure

Plus:

Jay’s Weekly Five
Word of the Week: Determination

Energy cycles test patience. Markets test conviction. Discipline and long-term thinking separate successful investors from reactive ones.

If you follow oil prices, energy stocks, capital markets, or macro investing trends, this conversation is for you.

 
Subscribe for weekly insights on oil, gas, capital markets, and long-term investing strategy.

Join King Founder and CEO, Jay Young, along with Rachel Griffith, Kelly Duncan, and Mark Ayers for a live Q&A and oil and gas rundown. Get insights on some of the latest news in the oil and gas industry.

More information:
https://KingOperating.com

Markets feel expensive. Headlines feel loud. Emotions feel elevated.

On this episode of The Jay Young Show, Jay Young is joined by Jay Hatfield, CEO & Portfolio Manager at Infrastructure Capital Advisors — one of the rare investors who has experienced nearly every corner of Wall Street: CPA ➝ investment banker ➝ hedge fund PM ➝ real asset investor.

With almost 30 years of experience investing through multiple market cycles, Jay Hatfield brings a long-term, income-focused perspective shaped by bubbles, crashes, rate shocks, and shifting investor psychology.

In this conversation, we discuss:

• What feels genuinely different about today’s markets — and what feels very familiar
• Why income investing is back in focus after a decade dominated by growth
• Why real and hard assets tend to matter more during periods of uncertainty
• Where Wall Street may be mispricing risk and opportunity today
• How emotions like fear, anger, and bitterness quietly damage investor decision-making
• What principle long-term investors should anchor to when markets feel noisy and polarized

Rather than chasing headlines, this episode focuses on discipline, temperament, and durability — the traits that compound over full market cycles.

Join Senior Vice President at King Operating, Rachel Griffith, along with Aaron Ledyard and Rex Gifford, for a live Q&A and oil and gas rundown. Get insights on some of the latest news in the oil and gas industry.

In this episode of The Jay Young Show, Jay Young and Jordan Soto sit down with renowned macro strategist Peter Boockvar, Chief Investment Officer at One Point BFG Wealth Partners and author of The Boock Report, for a no-nonsense conversation on markets, risk, and the cost of distraction.

We kick things off with Oil & Gas News, as Groundhog Day brings another extended winter forecast. With Punxsutawney Phil calling for more cold, energy markets are feeling the impact—firm natural gas and power demand, delayed storage rebuilds, and tighter conditions heading into late winter and early spring.

From there, we zoom out to the big picture:
Are markets being driven by fundamentals, or by central banks?
Is inflation really beaten, or just hiding?
And what signals are investors ignoring while chasing headlines?

 Topics Covered:

• Extended winter, energy demand, and near-term pricing pressure
• The biggest macro risk investors are underestimating
• High interest rates: breaking the system or exposing weakness?
• Stocks priced for reality vs. hope
• What gold may be signaling that equities aren’t
• The single word that best describes today’s market

 Jay’s Weekly Five

Word of the Week: Distraction
Anything that pulls your attention away from what actually moves the needle.

Bible Verse of the Week:
Proverbs 4:25–27 — A reminder to stay focused, disciplined, and intentional.

Books of the Week:

• Deep Work by Cal Newport — eliminating distraction to create real progress
• Essentialism by Greg McKeown — doing fewer things better

Recommended Podcast:
The All-In Podcast — long-term thinking, conviction, and cutting through the noise.

TV Shows of the Week:

• Survivor — distraction gets you voted off
• The Bear — discipline, repetition, and focus under pressure

If you’re an investor trying to stay grounded in reality—not headlines—this episode is for you.

Join Senior Vice President at King Operating, Rachel Griffith, along with Steve Mullican and Billy Phillips, for a live Q&A and oil and gas rundown. Get insights on some of the latest news in the oil and gas industry.

More information:
https://KingOperating.com

In this special episode, Jay revisits a conversation that feels even more relevant today, a candid, behind-the-scenes look at what it really means to build a career in Hollywood.

Jay sits down with Todd Sandler, a true working actor whose career spans theater, television, and film. From his early theater roots in Chicago to landing roles on iconic shows like Everybody Loves Raymond and Glee, Todd shares what life looks like beyond the spotlight.

This episode pulls back the curtain on:

• What auditions are really like
• How actors prepare (and handle rejection)
• How the industry has changed post-COVID and post-strike
• Why fame, success, and longevity look very different in today’s digital world

Todd also shares hilarious behind-the-scenes stories, including dodging popcorn kernels on set with Jim Belushi, and Jay and Todd bond over their shared love of golf, including a memorable round in Telluride.

Whether you’re an actor, a creative professional, or just curious about how Hollywood actually works, this is an honest, entertaining conversation you won’t want to miss.

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New episodes drop weekly, covering energy, investing, business, and life.

Join King Founder and CEO, Jay Young, along with Rachel Griffith, Mark Ayers, and Ryan Goeres for a live Q&A and oil and gas rundown. Get insights on some of the latest news in the oil and gas industry.

More information:
https://KingOperating.com

Cold weather always tells the truth about energy.

In Episode 216 of The Jay Young Show, Jay Young and co-host Jordan Soto break down what the latest U.S. cold snap is revealing about natural gas, grid reliability, and energy reality, as prices jump and demand surges.

Jay explains why winter weather stress-tests the system, why renewables struggle in extreme cold, and why natural gas continues to carry the grid when reliability matters most.

The episode also features a replayed conversation with Jeff Crilley, founder of the Real News Network, on how podcasting and digital media are evolving—and why professional studios and smart strategy are replacing risky DIY approaches.

Jay wraps the show with his Weekly Five, centered on the Word of the Week: Obsession, a focused discussion on discipline, purpose, and choosing what truly deserves your energy, including book, podcast, and TV recommendations.

 
In this episode:

• Why cold weather exposes energy truth fast
• Natural gas price movement and winter demand
• Reliability vs. ideology in energy policy
• How podcasting is changing, and how to grow smarter
• The role obsession plays in success, faith, and leadership