Biden’s Attack on Big Oil Is Very Real and Very Concerning

Make no mistake: The price swings we’re experiencing in nearly every market sector are significantly tied to our overreliance on oil — but that overreliance is about to come to an end. [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy Biden’s Attack on Big Oil Is Very Real and Very Concerning Jeff Siegel | Nov 03, 2022 I know this is not a popular opinion, but I’m going to say it anyway… President Biden needs to stop vilifying the oil companies for making record profits. He said that it was unacceptable, calling those profits "a windfall of war." According to Reuters: "I think it’s outrageous," [Biden] said. If they passed those profits on to consumers, gasoline prices would be down about $0.50. The oil industry "has not met its commitment to invest in America and support the American people." They’re not just making a "fair return"... They’re making profits so high it is hard to believe. I don’t know who needs to hear this, but a sitting president has no right to determine what is or is not a fair return for a public or private company. The bottom line is that oil companies — unless nationalized — don’t have a responsibility to anyone but their shareholders. And I don’t say this as a Big Oil apologist, either. My Silicon Valley contact says Apple could shock the world with Steve Jobs’ last tech marvel Apple is getting ready to shock the world with [one last technological marvel from the mind of Steve Jobs.](   I’ve never had much love for the Big Oil machine. If you’re a regular reader of these pages, you know I’ve actually long been a fan of electric vehicles — not just as an investor who profited handsomely from the rise of Tesla (NASDAQ: TSLA) but also as someone who’s a bit tired of our reliance on oil resulting in price swings of nearly every single thing we consume: food, clothing, medicine, etc. Make no mistake: These price swings are significantly tied to our overreliance on oil. But that overreliance is about to come to an end. The Peak Is Upon Us According to Bloomberg, gasoline demand is set to peak in less than four years as a result of fuel efficiency improvements to internal combustion vehicles and, of course, the rapid proliferation of electric vehicles. Diesel demand is set to peak a little later, in about six years. Significant declines for both begin in about seven years. [peakgasdiesel] The New Emperor of Energy Storage You’re looking at the future of a $3.3 trillion industry. Thanks to this groundbreaking innovation, clean energy can be fed to the power grid 24/7... Regardless of whether the sun is shining or the wind is blowing. I call it the "Newton Battery," and it crushes every other battery on the market. The Swiss and the Saudis are already using it. And grids across the globe will be using this battery before we know it. It’s all possible thanks to one tiny company’s patented tech. The best part is that 99% of investors have no idea that it just went public... [Get in on the ground floor now, before it's too late.]( By 2050, almost 2.4 billion zero-tailpipe-emission vehicles on the road are expected to eliminate 31 million barrels a day of road fuel demand. Consumption is expected to remain above 20 million barrels a day, driven by hard-to-abate sectors such as trucking. Booming freight will support truck fuel consumption through to the 2030s even as corporations with large fleets switch to electric trucks to achieve net-zero goals. We’ve already begun to profit from the switch to electric trucks, by the way, with [this company](, which has been racking up some pretty significant government contracts. It's also worth noting that unlike a number of other electric vehicle plays that aren’t even generating revenue yet, in its most recent quarter this company saw a 27% increase in total revenue ($74.6 million compared with $58.5 million in Q2 2021), a 93% increase in battery production, and had more than $500,000 in cash and cash equivalents. No matter how you slice it, the data is clear. The peaking and decline of gasoline and diesel demand are locked in — and they're going to come a lot faster than most folks realize. So you might as well make a ton of cash along the way. [Learn more here.]( To a new way of life and a new generation of wealth... [Jeff Siegel Signature] Jeff Siegel [[follow basic]Check us out on YouTube!]( [[follow basic]@JeffSiegel on Twitter]( Biden Takes China to the Woodshed President Biden just delivered a sharp blow to China in the war for microchip supremacy by placing restrictions on China’s access to American-based semiconductor technology. Combine that with Biden signing the CHIPs Act just weeks ago, and it's clear that America is establishing its global technological dominance. It’s now gotten so bad for China that its top technology leader is frantically holding emergency meetings with leading semiconductor companies, scrambling to mitigate the fallout. But here’s the thing — regardless of who comes out on top as the leader of semiconductors… There’s still one critical component they will need to create the chips in the first place. And it's about to be the next supply shortage that nobody saw coming. That is, nobody except for one unheard-of public company… [It stands to be the only company in the coming months with access to this little-known resource, giving investors the chance to make 30x their money in just 90 days.]( [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. If you're not sure why you're getting this e-letter, or no longer wish to receive it, get more info [here]( including our privacy policy and information on how to manage your subscription. If you are interested in our other publications, please call our customer service team at [1-877-303-4529](tel:/18773034529).