Oil Prices Will Only Soar After Saudi Arabia Cuts Its Supply
They did it on Sunday afternoon while Americans were still enjoying their weekend… Saudi Arabia, along with OPEC and other members such as Russia, announced they’d be cutting oil production by 1.7 million barrels starting next month. This is in addition to the reduction of 2 million barrels a day OPEC agreed to in October…
Brandan FurnaceThe World’s Billionaires Are Buying Into Oil and Gas
It’s classic Washington accounting. They show off big numbers and projections, and promise us that spending a fortune today will somehow save us money in the future. But the problem is… Washington always underestimates the actual cost to the American taxpayer. And it’s happening again with 2022’s “Inflation Reduction Act.” In August 2022, President Biden…
Get Ready for the Next 10X Oil Boom!
Today’s financial media is overrun with stories about failing banks and financial risk. Yet five years from now, the only thing investors will remember about 2023 is the outrageous bargain prices on oil and gas companies. We touched on this opportunity in last Wednesday’s issue. In short, investors are worried that recent bank failures might…
Oil and Natural Gas Won’t Stay Down After SVB Fallout
You’ve just witnessed a 21st century bank run … and the panic hasn’t passed. It started with mismanagement and social media panic. It was facilitated by apps on smartphones, which saw $42 billion in deposits leave the bank in one day. By the time it was over, Silicon Valley Bank (SVB) became the second-largest bank…
Momentum, Growth, Value: The Case for Oil in 2023
I worked with a psychologist once who taught me the concept of “my future self.” She had me close my eyes and envision how I might feel 10 years in the future based on a decision I made that day. Ideally, my “future self” looks back and thinks, “Wow, I did myself a huge favor…
The Biggest Opportunities From Last Week’s Carnage
What a week! It started with the optimism that maybe — just maybe! — inflation was moderating and that the Fed might have a little breathing room to back off of its aggressive rate hikes. And indeed, the Fed raised by “only” 0.5% this past week, as opposed to the 0.75% that has been the…
Trade of the Decade: U.S. Oil Stocks
On June 6, 2022, President Biden invoked the Defense Production Act to “accelerate domestic production of clean energy technologies, including solar panel parts.” If you saw this as a signal to go all-in on renewable energy stocks, I can’t say I’d blame you. The government is getting behind renewable energy in such a big way, Biden used a…
The Truth Behind Rising Gas Prices
In times of turmoil, people tend to point fingers at anything and anyone. And in today’s market, with two weeks of downtrends, increased interest rates and rising prices on gasoline …everyone’s pointing fingers. But who’s to blame here, if anyone? Today I’ll be clearing the air on these gas price myths and setting the record…
Why We Can’t Have Nice Things: Energy Edition
You know what really gets my goat? Plenty of things, to be honest. But the goat-gettingest thing of all is deliberate, self-interested spin masquerading as “research” on critical issues. Energy is a case in point. Recently, The Wall Street Journal published an article blaming a lack of investment in U.S. oil production on the Biden…
Record Gas Prices Are a Turning Point for EVs
Over the past few weeks, the stock market has taken a beating. Stocks are up a little one day and down a lot more the next day and the next day… But there’s something that isn’t going down: the cost to fill up your gas tank. This week, the national average gas price hit a…