The Off Ramp Is Right Now

The Off Ramp Is Right Now

From The Jacob Shapiro Podcast by Jacob Shapiro

April 16, 2026 · 53 min · Season 1 · Episode 337

About this episode

Jacob Shapiro and guest Josef Schachter discuss the state of global oil markets in light of recent conflicts and their implications for the economy.

Josef Schachter - President of Schachter Energy - walks us through what global oil markets looked like the day before bombs started falling, and what the math looks like now. Prices were already heading higher, the conflict accelerated the timeline, and the U.S. can't drill its way out of a closed Strait of Hormuz. Jacob and Josef also get into Canada's structural advantage, why markets are still surprisingly calm, and what a prolonged conflict means for the global economy. Tune in for more :) -- Timestamps: (00:00) - Welcome (00:36) - Prewar Oil Market Setup (02:24) - War Impact and Price Paths (05:15) - Ceasefire Doubts and Escalation (09:02) - Markets vs Reality Gap (10:32) - Supply Now Product Later (12:47) - Trump Strategy and Nuclear Endgame (16:03) - Drill Baby Drill Reality Check (18:53) - Can Americas Output Replace Gulf (20:57) - Energy Hegemony and China Angle (25:18) - Allies Drift and US Quandary (27:18) - Biofuels Reality Check (29:38) - War Changes Everything (31:13) - New Supply Hunt Worldwide (32:59) - Policy Reversals for Security (39:31) - Pipelines LNG and Takeaway (40:38) - Global Plays Beyond Canada (42:36) - 2030s Demand vs Efficiency (46:19) - Portfolio…

People in this episode

Host: Jacob Shapiro

Guest: Josef Schachter

Topics covered

  • global oil markets
  • conflict impact
  • energy economy
  • market analysis
  • Canada's advantage
  • U.S. energy policy

Keywords

  • oil markets
  • energy prices
  • global economy
  • Canada
  • U.S. drilling
  • Strait of Hormuz
  • market calm
  • conflict escalation

Mentioned in this episode

Organizations: Schachter Energy

Places: Canada, Strait of Hormuz, Gulf, China

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