The Most Misleading Chart of the Year

We’re seeing the highest gas prices in a decade... the highest price surge in 30 years. It’s impossible to overstate the impact. People are downsizing their homes, not seeing family, not eating out, buying a few gallons of gas at a time. What’s causing this price hike? We’re seeing the highest gas prices in a decade... the highest price surge in 30 years. It’s impossible to overstate the impact. People are downsizing their homes, not seeing family, not eating out, buying a few gallons of gas at a time. What’s causing this price hike? [Energy and Capital logo] The Most Misleading Chart of the Year [Brian Hicks Photo] By [Brian Hicks]( Written Dec 08, 2021 A week ago, the Democratic Congressional Campaign Committee tweeted a thank-you to President Joe Biden for decreasing gas prices, and it included the chart below. See anything strange? [U.S. Gas Prices EAC 12/8] So steep! So sudden! So… misleading? Astute readers might notice that the Y-axis is divided into 0.5-cent units. That’s not 0.5 dollars — that’s 0.5 cents. The DCCC is publicly thanking Biden for a $0.02 drop in gas prices over two weeks. That is, pardon my French, ridicule. A few weeks ago, the U.S. celebrated Thanksgiving. With gas prices as they are, only 32% of people drove to see their family. That’s LESS THAN HALF compared with 2019 when 65% of people drove to see their family. And 32% is even less than at the height of COVID — 35% of people drove to see their family last Thanksgiving. Given gas prices, that’s not surprising. Thanksgiving gas prices were up 61% from last year. We’re seeing the highest prices in a decade... the highest price surge in 30 years. "Miracle Mineral" at Center of Multi-Trillion Wealth Bonanza Inside each of these spheres is a natural resource more important than oil, coal, or gas. It’s called the “Miracle Mineral.” [See how this little-known resource could give savvy investors the chance to turn $500 into $82,175 over the new few months.]( It’s impossible to overstate the impact. People are downsizing their homes, not seeing family, not eating out, buying a few gallons of gas at a time. What’s causing this price hike? Mostly the pandemic — or, more accurately, its conclusion. A year ago, when everyone stopped going outside, oil companies cut supply — hard. Benchmark oil prices dropped to NEGATIVE levels in April 2020 for the first time in recorded history. It was cheaper for companies to leave crude in the ground. But as lockdowns lifted and vaccines were released, people started coming out of hibernation. Desperate for restaurants, vacations, and OTHER PEOPLE, their demand for oil started to soar again. But oil companies haven’t kept up. It takes time to restart production. Many are skittish of another sudden collapse in demand. U.S. oil production dropped by a MILLION barrels of oil per day between 2019 and 2020. We still haven’t recovered. It’s really hard to get around this. President Biden tried releasing 50 million barrels of oil from the strategic reserves. This was, to say the least, insufficient — 50 million barrels is less than what the U.S. consumes in three days. Have You Heard of “TriFuel-238”? A single ounce could power your home for a year. Under half an ounce could get you from LA to D.C. And now, according to figures from the U.S. Energy Information Administration... The breakthrough known as "TriFuel-238"... Could trigger a wealth event unseen since the dawn of the internet... As it takes the throne as the cheapest source of energy on the planet. This has nothing to do with renewables or fossil fuels — or virtually anything you’ve ever seen before. Yet this strange substance could now claim the lion’s share of a $1.9 trillion opportunity... And hand early investors a potential life-changing fortune. [Click here for the urgent details.]( But there is hope on the horizon, dear reader. The cavalry is on the way. I’m talking, of course, about the PERMIAN BASIN. [permian basin map] It’s like a weather map, except the weather is money. The Permian Basin is an 86,000-square-mile deposit of oil and natural gas that spreads across Texas and New Mexico, and it turned the U.S. into a net oil exporter in 2019 after decades of reliance on Canada, Saudi Arabia, and Mexico. The Permian Basin is responsible for 80% of production increases since November, and this month, it's supposed to break its pre-pandemic production record. According to the Dallas Fed, the region will hit 4,950,000 barrels of oil per day. That’s MORE THAN HALF of total U.S. oil production. While other oil suppliers are skittish about demand faltering or about decarbonization policies, drillers in the Permian are running headlong into this opportunity. And you can too. In a few weeks, we’ll come out with what to invest in. But keep an eye out — this opportunity will only last as long as demand outstrips supply... and in the fickle world of oil markets, that will only be for so long. All the best, [Brian Hicks Signature] Brian Hicks Brian is a founding member and President of Angel Publishing and investment director for the income and dividend newsletter The Wealth Advisory. He writes about general investment strategies for [Wealth Daily]( and [Energy and Capital.]( Known as the "original bull on America," Brian is also the author of Profit from the Peak: The End of Oil and the Greatest Investment Event of the Century, published in 2008. In addition to writing about the economy, investments and politics, Brian is also a frequent guest on CNBC, Bloomberg, Fox, and countless radio shows. For more on Brian, take a look at his editor's [page.]( Browse Our Archives [Who Is Holding Back the COVID Cure?]( [It's Like a Black Friday Sale (This Stock Will Never Be This Cheap Again)]( [Only a Fool Would Invest in Coal]( [Yes. You Should Buy Oil Right Now]( [Assets to Own in Inflationary Times]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here]( and view our privacy policy and information on how to manage your subscription. To ensure that you receive future issues of Energy and Capital, please add newsletter@energyandcapital.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. Energy and Capital, Copyright © 2021, Angel Publishing LLC. 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