Oil could be next year’s gold, says investor Peter Boockvar

This Friday, Stu Turley and David Blackmon will host a discussion on the Energy News Beat and the Energy Impacts podcasts with Josh Young, Bision Interests, and Wasif Latif, Sarmaya Partners, for the Global Oil and Gas Markets Update, live on X, LinkedIn, and YouTube. 10:00 Central. Here is a link. 

We will be covering some of the key points that Peter talks about, and we will also be reaching out to Peter to hop on a future Oil and Gas Markets Update.

Here are some of the most interesting and impactful quotes from the interview.

Peter Boockvar said, “Another one is sort of what Karen referred to, that the weighting of energy stocks in the SP is two point eight percent, I think, which is a historic low.”

Peter Boockvar also said: “Now with OPEC, we’ve seen more than two million barrels a day of production increases and quota increases, but the production increases haven’t really met up fully with the quotas, which tells me that there’s less available excess production supply, and it’s really only coming out of Saudi Arabia and the UAE.”

Finally, Peter Boockvar commented, “I think sixty dollars a barrel is pricing in almost no geopolitical risks. And I think the market just almost in a way assumes that there’s going to be a deal.”

Is Oil the Next Gold? – Hat tip to CNBC and great interview, Peter Boockvar.

This was an interesting interview on CNBC with Peter Boockvar, from One Point BFG Wealth Partners, and was spot on the oil markets.

On this Friday we have @sarmayakar24 @EnergyAbsurdity and… pic.twitter.com/DKlQTYsFZG

— STUART TURLEY – Energy Podcast Host (@STUARTTURLEY16) December 7, 2025

Here are the key oil market insights from the interview:

– Peter believes there is an extreme amount of bearishness priced into the price of oil and oil stocks, suggesting they are due for a bounce.

– He notes that US shale oil production is starting to decline, which could lead to a supply shortage, as the US is the world’s largest producer.

– OPEC has increased production quotas by over 2 million barrels per day, but actual production increases have not fully met those quotas, indicating less excess supply available.

– Boockvar says the oil market is pricing in almost no geopolitical risk, such as the ongoing conflict in Ukraine, which is currently disrupting some Russian oil supply.

– He believes demand from emerging markets like India can help offset any slowdown in oil demand from developed economies like the US and China.

– Overall, Boockvar sees a bullish fundamental case for oil prices going forward, despite the current low price levels.

This is an interesting post from Tracy Shuchart on X. She was just recently on the Oil and Gas Global Markets Financial Update with Josh Young and Stu Turley.

 

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