Why Oil Prices Haven't Spiked During the Biggest Supply Disruption in History - Blake London

Today we're thrilled to welcome Blake London, Co-Founder of Formentera. Blake raised $3 billion across five funds in under five years, operates nearly 4,000 wells producing 70,000 barrels of oil per day across the U.S. and Australia, and previously spent 15 years at Credit Suisse as head of energy equity capital markets. In this conversation, recorded live with the Long Angle community on April 22, 2026, Blake breaks down why the largest supply disruption in oil market history has produced a surprisingly muted price response — and what private operators are doing about it that public companies simply cannot.• Learn More About Daily Body Coach: https://www.dailybodycoach.com/navigatingwealth• Apply to Long Angle HNW Community: https://www.longangle.com/applyKey Topics CoveredWhy the financial market for oil and the physical market for oil are pricing completely different realities right now — and what that gap means for investors who think they understand oil pricesThe structural reason public shale operators are not adding rigs despite a historic supply disruption: their shareholders do not want them to, and that behavioral shift is more powerful than any price signalThe three upstream investment structures — operated, non-operated, and mineral rights — and why the structure you choose changes your risk profile, your return potential, and whether you control your own timingHow cash-flow-focused private operators generate 20 to 40% fully-burdened returns at $60 oil, and why that model is insulated from the ESG-driven multiple contraction destroying value in public energy stocksThe service cost lag dynamic: why the best returns in oil and gas are made in the first months of a price rally — before service providers reprice — and why that window is open right nowThe long-term investment thesis for private energy: tier-one drilling inventory is finite, long-term prices remain near historical lows, and AI data centers and global population growth are adding demand the energy transition cannot offsetResources Mentioned:Subscribe to the Navigating Wealth Newsletter: https://www.longangle.com/navigating-wealth-podcastLearn More About Formentera: https://www.formentera.comLong Angle 2026 HNW Asset Allocation Report: https://www.longangle.com/reportSocialsLinkedIn: https://www.linkedin.com/company/long-angleTwitter/X: https://x.com/LongAngleHNWInstagram: https://www.instagram.com/longanglehnw/Facebook: https://www.facebook.com/longanglehnwLong Angle is a private, vetted global community of accomplished entrepreneurs, executives and professionals who have reached meaningful financial milestones and want to navigate wealth with peers who understand their challenges, opportunities, responsibilities and ambitions.Hosted by the founders of the Long Angle community, Navigating Wealth explores how experienced investors, founders and operators actually approach the real questions wealth creates — from private markets and capital allocation to business exits and life design.