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Josef Schachter
Schachter Energy Report
First call on the ledger
No calls filed yet. Quotes in curly quotation marks are verbatim; everything
else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
Where they stand
Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.
WTI at $71.50 at taping
“I think that if the talks start again and there's no really big military action, I think we go back down to the mid 60s. I think that's another great buying opportunity for investors.”
WTI crude since this was said: ▲ +39.5% · 71.41 → 99.65 · as of 2026-09-11
Assumes ~500 kb/d SPR refill plus winter demand
“we're going to be $80 average in Q4 because people will start to see that inventories are being rebuilt”
WTI crude since this was said: ▲ +39.5% · 71.41 → 99.65 · as of 2026-09-11
Range he gives: roughly $70 low, $110 high
“And then I think in 2027, we're using an average price of $90 per barrel for the year.”
WTI crude since this was said: ▲ +39.5% · 71.41 → 99.65 · as of 2026-09-11
His April 2025 buy signal preceded a doubling in the TSX energy index, he notes
“We think this next buy signal, which will come in the next couple of weeks on a mid 60s price, will be another great buying opportunity.”
WTI crude since this was said: ▲ +39.5% · 71.41 → 99.65 · as of 2026-09-11
Strictly conditional; he explicitly rejects the 20.4% prediction-market odds of $140+ oil
“If the price of oil gets up above $120, $130, I think we're going to see significant demand destruction in probably a global recession.”
WTI crude since this was said: ▲ +39.5% · 71.41 → 99.65 · as of 2026-09-11
Winter 2026-27; invokes 1970s-style rationing
“We're going to probably see higher shortages and potentially rationing of gasoline or diesel at the pump during the winter.”
WTI crude since this was said: ▲ +39.5% · 71.41 → 99.65 · as of 2026-09-11
“I believe that this back and forth tit-for-tat between United States and Iran is just something to drag out for a number of weeks, maybe at the month, a month or two, and then I think they'll get back to the bargaining table”
WTI crude since this was said: ▲ +39.5% · 71.41 → 99.65 · as of 2026-09-11
On the Hormuz supply loss shrinking as reroutes build
“I think by the end of the year, that's maybe going to be 3 or 4 million and I think the world can adjust to a 3 or 4 million less production.”
WTI crude since this was said: ▲ +39.5% · 71.41 → 99.65 · as of 2026-09-11
If you believe bitcoin is a digital store of value, he argues:
“We're going to see new nominal all time highs for the price of crude before this is over”
WTI crude since this was said: ▲ +45.4% · 68.55 → 99.65 · as of 2026-09-11
Asked how he'd build a portfolio today:
“I think that NatGas, in terms of commodity demand globally into the next five or 10 years, has a better opportunity than oil does”
WTI crude since this was said: ▲ +45.4% · 68.55 → 99.65 · as of 2026-09-11
“I believe we started… the third energy and commodity super cycle”; WTI ~$80 avg 2026 / ~$90 2027 per interview
WTI crude since this was said: ▲ +45.1% · 68.69 → 99.65 · as of 2026-09-11
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