Resource investor Rozencwajg: Today's oil 'shock' is tomorrow's building catastrophe

Adam Rozencwajg, managing partner at Goehring & Rozencwajg — a firm that focuses on natural resource investing — says that the war in Iran has already created "the most severe shock to energy markets in history," which he says is three times more severe in terms of barrels produced than anything seen in the 1970s, and that the situation will get markedly worse from here. Rozencwajg says that it takes about 90 days from oil to make it from the well to the consumer; it's now been about 80 days since the wells were shut off because oil couldn't be shipped, which means "We should begin to feel the physical crunch in about 10 days time." He says inventory levels have dropped precipitously, could evaporate if tensions continue and that could lead to oil priced at $150 to $200 per barrel for months, and even after the Strait or Hormuz reopens; while he thinks the economy can avoid recession in those conditions, he acknowledges it would dramatically raise recession risk. Todd Rosenbluth, head of research at VettaFi, takies a very different take on energy and power markets, picking a classic utilities sector fund as his "ETF of the Week." Allison Hadley discusses a study done for American Home Shield, which showed that homeowners spent an average of $3,737 on repairs in 2025, but that nearly one in five of those homeowners had to take on debt to pay for those fixes. Moreover, the survey found that 57% of the homeowners who made repairs were blindsided, meaning the cost came out of nowhere. Plus, Chuck answers a listener's question about indexed universal life insurance policies, a popular product among social media influencers that sounds too good to be true, and that probably is for most consumers.