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Artwork for Oil Ground Up

Oil Ground Up

Oil Ground Up
OPEC
Iran
Venezuela
Oil Market
United States
Strategic Petroleum Reserve
Oil Industry
Trump Administration
Biden Administration
Oil Markets
Kpler
Oil Market Data
Strait Of Hormuz
Natural Gas Market
Oil Trading
Russia
Tariffs
Employ America
Oil and Gas Industry
Carbon Credits

Rory Johnston navigates listeners through the financial market dynamics of the world's oil and gas sector. Get the latest fundamentals behind the price action and hear from industry experts from the field and from the corporate offices of the world's leading energy producers.

PublishesWeeklyEpisodes63Founded3 years ago
Number of ListenersCategories
InvestingBusiness

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Artwork for Oil Ground Up

Latest Episodes

Rory Johnston welcomes legendary energy analyst Bob McNally to Oil Ground Up for a sweeping conversation on the Strait of Hormuz crisis, global oil supply disruptions, and the fragile state of today’s energy markets. Bob reflects on decades of experi... more

Edward Fishman joins Rory for a sweeping conversation on the evolution of modern economic warfare, the origins of U.S. sanctions strategy against Iran, and how today’s Strait of Hormuz crisis is reshaping global energy markets in real time. Drawing f... more

Eric Nuttall joins the Oil Ground Up podcast to discuss what he believes is the largest energy supply shock in modern history following the prolonged closure of the Strait of Hormuz. He explains why markets remain dangerously complacent despite massi... more

Maritime intelligence expert Michelle Bockmann joins the Oil Ground Up podcast to unpack the unprecedented disruption in global oil flows following the effective closure of the Strait of Hormuz. She explains how Iran’s shadow fleet has continued oper... more

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Recent Guests

Bob McNally
Founder and president of Rapidan Energy Group; former White House Energy Advisor
Rapidan Energy Group
Episode: Bob McNally on Hormuz, Oil Prices, and the End of Energy Security Assumptions
Edward Fishman
Senior fellow and director of the Maurice R. Greenberg Center for Geoeconomics at the Council on Foreign Relations
Council on Foreign Relations
Episode: How Iran Weaponized the World’s Most Important Oil Chokepoint
Eric Nuttall
Partner and senior portfolio manager, Nine Point Partners LP, Toronto
Nine Point Partners LP
Episode: Energy Stocks Are Still Cheap? Eric Nuttall Explains the Opportunity
Michelle Bockmann
Senior Maritime Intelligence Analyst at Windward AI
Windward AI
Episode: Tracking Tankers Through Chaos: Shadow Fleets, Blockades, and the New Oil War
Amena Bakr
Head of Middle East Energy and OPEC Plus Insights at Kepler
Kepler
Episode: Amena Bakr on the Market Blindness to the 13 Million Barrel Shock
Adi Imsirovic
Lecturer at the University of Oxford, former head of oil trading, author
University of Oxford
Episode: Paper vs Physical: Inside Oil’s $30 Backwardation Shock with Veteran Trader Adi Imsirovic
John Love
President and Chief Executive Officer of USCF Investments
USCF Investments
Episode: Record Backwardation: Understanding the Economic Return of USO in the Midst of a Global Supply Loss
Gregory Brew
Senior analyst covering energy and Iran at Eurasia Group
Eurasia Group
Episode: An End to the Carter Doctrine? - What it would Mean if US Left the War While the Strait is Still Shut?
Matt Reed
Vice President at Foreign Reports; longtime watcher of Gulf politics and the oil market
Foreign Reports
Episode: Why There is No Off-Ramp for Trump’s Gulf War

Host

Rory Johnston
Host of Oil Ground Up; frequently analyzes oil markets, geopolitics, and policy impacts.

Reviews

4.7 out of 5 stars from 74 ratings
  • Not Worth The Listen

    It would be nice if this were a business focused podcast. Instead we have to listen to a hysterical left-wing Canadian with a bad case of TDS. A missed opportunity wasted on the hosts personal ideology and hatred of President Trump…

    Apple Podcasts
    1
    TJ 54321
    United States2 months ago
  • Very informative

    Rory looks at oil, oil sands, and energy—starting in Canada and going beyond.

    Apple Podcasts
    5
    Peter Rocca
    Hong Kong10 months ago
  • Awesome

    Tony is the man. Listen up y’all.

    Apple Podcasts
    5
    WildlyFastWill7
    United States3 years ago
  • Always bringing it

    Tony brings straight up takes on the energy industry with a great stable of guests.

    Apple Podcasts
    5
    Honest D
    Canada3 years ago
  • Good insights

    I’m a big fan of Tony’s from TG tuesdays on RV, and he brings the same sort of real talk, smart market insight to this podcast. I thought the episode with Dave Williams was great. As someone who follows markets closely, and is considering a move to the oil and gas industry, I thought it was a nice little window into the world, and I’d love to hear the more nerdy technicals he mentioned!

    Apple Podcasts
    5
    MikGiant
    United States3 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Host brings straight talk and depth on energy markets and risk management.
Impressive lineup of guests with practical market intelligence.
Smart, data-driven market storytelling that connects geopolitics to prices.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#178
United States/Business/Investing
Apple Podcasts
#56
Canada/Business/Investing
Apple Podcasts
#59
United Kingdom/Business/Investing
Apple Podcasts
#153
Canada/Business
Apple Podcasts
#190
United Kingdom/Business
Apple Podcasts
#94
Italy/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

How Iran Weaponized the World’s Most Important Oil Chokepoint
Q: What were the central design choices behind the Menendez-Kirk exemptions and why did they matter for oil markets?
The design allowed exemptions for countries that significantly reduced purchases over six months, preventing abrupt loss of Iranian buyers and helping stabilize oil markets while advancing sanctions on Iran's central bank and oil sales.
How Iran Weaponized the World’s Most Important Oil Chokepoint
Q: Talk me through how the growth of these tools began and evolved through the Obama and Bush eras.
The guest explains that the U.S. began with a broad strategy of isolating Iran financially, moving from unilateral to more targeted, bank-focused pressure, and then layering in mechanisms like escrow accounts and gradual reduction waivers to avoid oil-price shocks while maintaining diplomatic pressure.
Bob McNally on Hormuz, Oil Prices, and the End of Energy Security Assumptions
Q: Why has Hormuz been the constant boogeyman for oil analysts, and how has that narrative evolved over the years?
Hormuz has always been a risk, but the perception shifted from a theoretical threat to a strategic lever that Iran could use to affect flows. My work has emphasized how the risk has moved from a hypothetical scenario to one that markets actively price in, shaped by military postures, sanctions, and negotiations.
Bob McNally on Hormuz, Oil Prices, and the End of Energy Security Assumptions
Q: Could you explain who you are and your long lineage of oil watcher expertise?
I described my path from a Peace Corps volunteer and a history-focused mindset to energy analysis, hydrogen hedging, and then policy-driven roles, culminating in founding Rapidan Energy Group to offer a one-stop view of markets, policy, and geopolitics.
Energy Stocks Are Still Cheap? Eric Nuttall Explains the Opportunity
Q: What are you using as your numbers to frame the exposure right now?
We rely on multiple data sources like Kepler for inventories and OilX for real-time production and refinery activity to gauge the scale of disruption and inform position sizing.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About Oil Ground Up

What is Oil Ground Up about and what kind of topics does it cover?

A market-focused show that blends geopolitical risk, policy shifts, and core energy economics to explain oil price dynamics. Across episodes, listeners hear from senior analysts, former executives, and practitioners who break down sanctions, supply disruptions, pipeline routes, and regional dynamics (Canada, Russia, Venezuela, the Middle East) with practical takeaways for traders, investors, and energy strategists. The conversations skew toward how policy, geopolitics, and capital discipline shape market signals, volatility, and investment decisions, often featuring deep dives into price formation, risk management, and industry structure. Noteworthy are the guest lineups and the hands-on, data-informed style that translates complex energy f... more

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Which podcasts are similar to Oil Ground Up?

These podcasts share a similar audience with Oil Ground Up:

1. Monetary Matters with Jack Farley
2. Macro Voices
3. Oil Markets
4. The Market Huddle
5. Geopolitical Cousins

How many episodes of Oil Ground Up are there?

Oil Ground Up launched 3 years ago and published 63 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Oil Ground Up?

Recent guests on Oil Ground Up include:

1. Bob McNally
2. Edward Fishman
3. Eric Nuttall
4. Michelle Bockmann
5. Amena Bakr
6. Adi Imsirovic
7. John Love
8. Gregory Brew

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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