Are You Finally Bullish On Oil Prices Today?

It comes down to a few unshakable catalysts which the market can no longer... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy Are You Finally Bullish On Oil Prices Today? Keith Kohl | Apr 04, 2024 Are you finally bullish on oil prices today? If you liked oil at $80 per barrel, then you’re going to love oil when it creeps above $90 per barrel this summer. I know most of the market wasn’t expecting oil prices to climb so high so soon. We’re hardly into spring and oil’s momentum hasn’t slowed since the beginning of the year: A barrel of WTI crude is threatening to hit $86 per barrel as I write this now; a barrel of Brent crude is trading for $89.77. That means that WTI prices have risen 22% since the beginning of the year: [oil rpice today] Still, longtime readers aren’t shocked by this move, and know well that our [outlook for oil]( hasn’t changed. It’s simple, really. For us, a two-headed bull has emerged that has buoyed oil markets during a period when prices SHOULD BE at their weakest point. It comes down to a few unshakable catalysts which the market can no longer ignore: - The growing delusion over future global demand projections. - A period of intense geopolitical volatility that has increased in 2024. - Fear over tighter supply as OPEC+ regains its dominance over global oil flows. And the market is finally waking up to these realities — just in time for peak summer demand. Biden's New Law Triggers a Lithium Frenzy(This $5 Stock Could Explode) President Biden has taken decisive steps to jump-start domestic lithium mining and production. Under the Inflation Reduction Act, he's earmarked a massive $369 BILLION for EV and battery companies. But to qualify for the full credit, vehicles must have at least 50% of their battery metals sourced from North America by 2024... And this requirement DOUBLES to 100% by 2029. As a result, automakers are scrambling to secure their lithium supply within the U.S. This strategy not only aims to reduce U.S. reliance on Chinese lithium... But it also turns a hidden American caldera into the center of a new lithium mining age... Containing up to 120 megatons of lithium, not only does it dwarf all other known deposits worldwide by a substantial margin... But it will also allow the U.S. to fulfill its future lithium demands and achieve complete energy independence. And there's a little-known publicly traded company already leading this lithium-rich caldera. This company exclusively owns a land area as large as Martha’s Vineyard... And it’s estimated to contain 19 million tons of lithium... That’s worth a staggering $354 BILLION. This amount is more than enough to meet the global demand for over a decade! In just a few months, the company plans to start extracting 40,000 tons of lithium annually. One that could easily support the production of 1 million EVs every year. You can buy shares for just $5 right now — but not for long... [Click here for all the details before it's too late.]( Today’s Market is Finally Bullish On Oil Prices My colleague, Jeff Siegel, hit the nail on the head earlier this week when he told you that the recent attacks on Russian oil refineries was going to lead to higher oil prices. Truth is, the Russo-Ukrainian war has entered an extremely volatile period as each side aggressively goes after the others’ energy infrastructure. But we’re talking about more than J.P. Morgan making its millionth prediction that oil prices are going to $100 per barrel. While it’s good to see Wall Street finally waking up and getting bullish on oil, these price projections are going to move higher and higher the closer we get to summer… just watch. After all, last year we saw the outlandish oil predictions from Goldman Sachs calling for $140 oil, or Russia’s former President suggesting that oil prices would surge to $400 per barrel if a price cap was put on Russian oil. Ignore the clickbait headlines like that, because you and I both know that we don’t need $200 oil to turn a profit. In fact, we WANT oil to trade in a stable range — right where it’s at currently. This not only ensures a healthy profit for the companies extracting our crude from underground, but it’s difficult for some investors to grasp the idea that egregiously high oil prices will cause more instability and lead to lower prices. Remember, the cure for higher oil prices is high oil prices. When crude prices are elevated, it spurs drilling and leads to higher supply, which in turn will put downward pressure on prices. Given the fact U.S. oil production isn’t going to experience much more growth this year from its current levels, [the power dynamics have shifted to OPEC+,]( which has taken control of the world’s oil markets once again. But that doesn’t mean my readers weren’t ready for it.  Shots Fired!!! A war is raging between Wall Street and Main Street, and we’re going to battle. Join our private community of like-minded investors every trading day at 9:00 a.m. for our "Opening Salvo." We’ll tell you which stocks we’re watching. We’ll catch you up on key market-driving events. And we’ll be speaking our minds without any corporate sponsors or three-letter agencies peering over our shoulders. Participation is free for anyone with [this invitation.]( P.S. This is an exclusive, limited-time event. We rally at 9:00 a.m. until market open. Trading days only. You must be a member of our private Discord to participate. [Join here]( and check back in at the "Opening Salvo." The Easiest Investments I’ve Made Preparing for an Oil Price Rally Last summer, I told you about an oil stock in the Permian Basin — Diamondback Energy — trading at attractive levels that would not only beat Warren Buffett’s oil bet on Occidental Petroleum, but outperform most operators in the sector. If you recall, Warren Buffett famously doubled-down on oil after increasing Berkshire’s stake in Occidental Petroleum to more than 25% — a position worth nearly $13 billion!. Since I [wrote]( that back in early July, Buffett hasn’t done too poorly. Occidental shares have grown roughly 15% since then. That’s not too shabby, until you take a peek at how Diamondback performed during the same period: [FANG stock chart] That’s one of the easiest 52% gains my readers have booked to date. The energy sector has been one of the biggest drivers in the market today. Even Morgan Stanley was forced to admit that after it upgraded energy stocks to overweight recently. However, for U.S. oil stocks that are facing both a hostile Biden administration and a ceiling for output growth this year, the name of the game isn’t about drilling their wells at a feverish pace anymore. HOW you drill and complete your wells are far more important than how many wells you drill. Today it all comes down to boosting efficiency. In some areas, we’ve seen some of [the best Permian players]( in the field today develop incredible new well designs that increase output and reduce costs.   And then we have Diamondback Energy, a company that’s now looking into nuclear energy and deploying small modular reactors to power its future drilling operations. Of course, you and I both know that SMR technology is already starting to gain traction outside the U.S., and it’s only a matter of time before it starts gaining traction here. But here’s the catch… it’s not about who’s building this next-gen nuclear tech, it’s all going to come down to who is[fueling them.]( Until next time, [Keith Kohl Signature] Keith Kohl [[follow basic]Check us out on YouTube!]( A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of [Energy & Capital](, as well as the investment director of Angel Publishing's [Energy Investor]( and [Technology and Opportunity](.  Amazon, Google, and MicrosoftALL-IN on New Clean Energy to Power AI The AI revolution has created a MASSIVE demand for reliable, clean energy... In response, big tech firms like Amazon, Google, and Microsoft are looking for new sources of zero-carbon energy that can operate reliably around the clock. That’s why all three tech powerhouses just poured over $650 million into a groundbreaking zero-carbon energy source... One that has NOTHING to do with solar power, hydrogen fuel cells, nuclear, or thermal springs. It’s the most dominant form of renewable energy the world has ever seen... Possessing the power of 7,614 atomic bombs all detonated at the same time. It can generate more energy per square foot than the surface of the sun! That’s why experts are already referring to this newly unlocked form of energy as “the sun beneath our feet.” And until recently, mankind has only been able to harness a fraction of this power. But thanks to a radical scientific breakthrough by one tiny drilling firm, that’s all about to change. This firm has the key to unlock ALL of the immense power lying directly beneath our feet. Soon, this secret clean power source will explode into the mainstream... And generate an unimaginable amount of wealth for the select few who get in on it early. [Learn more about this clean energy opportunity here.]( [Fb]( [Li]( [Tw]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy [here](. Energy and Capital, Copyright © 3 East Read Street, Baltimore, MD 21202. Please note: It is not our intention to send email to anyone who doesn't want it. 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