Biden’s Tragic Blunder
Editor’s Note: With energy becoming a major topic (especially as we enter an election year), we feel it’s important for you to consider different viewpoints. That’s why we’re giving you this article from our friend Marc Lichtenfeld, the Chief Income Strategist at The Oxford Club.
Marc told investors in a recent briefing, “I believe the day is coming – and soon – that our oil supply will be seriously disrupted. And we NEED a Plan B.”
Incredibly, Marc says he’s already found that Plan B. It’s a new company that could…
- Save the day if there’s another disruption to the oil supply
- Help set you up to receive income checks on a huge scale for the rest of your life
- Put you in position to capture massive capital gains.
Marc is making his full briefing available to you for a limited time… Go here to make sure you’re fully informed!
– Ryan Fitzwater, Publisher
This should come as no surprise to anyone who’s followed me for any amount of time…
But I’m really excited about energy in 2024.
In fact, I’ve been bullish on energy for a while – but the past 12 months have admittedly been a wild ride. After treading water for the first half of 2023, oil had a nice move higher from July through September… only to come right back down to where it was at the beginning of the year.
Oil’s fall back to the $70-$75 range is really pretty astounding when you consider everything going on in the world.
Not only is the U.S. economy doing fairly well; economies around the world are pretty much in lockstep with the U.S. The numbers are a little bit different – some are hotter, some are colder – but there’s certainly no global recession.
With economies expanding around the globe, we’re seeing growing demand for energy. And OPEC has made it very clear that it wants to see higher prices, and it’s going to do what it can to accomplish that. So, supply will likely become more and more limited…
And yet oil has come down.
It’s really quite confounding, especially considering the volatile geopolitical climate we’re living in.
The last time I checked, the world was not getting any saner. You have a dictator in Russia who could become completely unhinged at any moment (if he isn’t already). And then you’ve got what’s going on in Israel and Gaza, which could certainly explode into something bigger involving Iran or even the entire Middle East.
So there’s a lot of stuff out there that could cause the oil supply to get cut off or constrained in a very, very big way.
When it comes to the future of the U.S. energy sector, though, there’s one thing that’s far more important than the global economy, OPEC’s production cuts and geopolitics: the Strategic Petroleum Reserve (SPR).
You may know the U.S. has a reserve of oil that’s supposed to be for emergencies. Well, in 2022 and early in 2023, when prices at the pump were spiking to an average of over $5 a gallon, the president released some of those reserves to increase supply and help reduce energy prices.
But that’s created a huge problem: We have almost no oil left in the SPR – 17 days’ worth, to be exact.
That means one small disruption – whether it’s more OPEC cuts, another reckless move by Putin, an expansion of the Israel-Hamas conflict, or something else entirely – could prove catastrophic and shoot oil prices higher than ever before.
And I don’t expect this situation to go away anytime soon. The U.S. Secretary of Energy admits that it may take years to refill the SPR… even in the face of numerous global threats.
And a recent Bloomberg article reported, “[Refilling the SPR] will take decades, if it happens at all.”
YOUR ACTION PLAN
Here’s the bottom line: I’m worried many of you will be BLINDSIDED by the new oil shock that results from Biden’s blunder.
So, I’ve worked around the clock to try to find the best thing you can do to protect yourself…
I’ve discovered a company that is positioned to be the single greatest stock to own during the oil crisis of 2024. It’s outperformed crude oil by more than 2,100% in the past year…
And as oil climbs higher throughout this year, I expect this company to continue to outpace it by an enormous margin!
Just this week, I released an in-depth briefing on everything investors need to know about this opportunity…