55.4 Million Reasons to Buy Oil While It’s Cheap

Here's why oil feels cheap right now... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy 55.4 Million Reasons to Buy Oil While It’s Cheap Keith Kohl | Nov 21, 2023 Oh how the times have changed. Just a few weeks ago, WTI crude was knocking on the door at $90 per barrel. Geopolitical volatility had reached a [feverish peak]( in the October 7th attack on Israel and sent prices surging higher. Now couple this with renewed fears of [demand destruction]( from slowing Chinese demand, record output from U.S. drillers (despite sluggish drilling activity), and the fact that Wall Street money managers are making incredibly bearish bets on oil, we saw oil fall below $73 per barrel late last week. Oil feels cheap right now. Here’s why… 55.4 Million Reasons Oil is Cheap I hope you’re enjoying the short work week. However, there’s one part of Thanksgiving we can all agree that nobody is thankful for: Holiday travel. In years past, traveling on holidays like Thanksgiving and Christmas have been the bane of my existence. You’d think so too if you’ve ever spent 8 hours inching your way through 122 miles of bumper-to-bumper traffic on I-95. And that’s just my own driving experiences. 9 Billionaires Shifting Funds Here (Plus Warren Buffett) The smartest investors in the world are making a BIG move right now. David Tepper, Steve Cohen, Bill Gross, Paul Tudor Jones, Jeremy Grantham, George Soros, Carl Icahn, Jim Simons, and Larry Fink... They're jumping into oil and gas stocks with both feet. Meanwhile, 99% of investors can’t see what’s coming. According to Keith Kohl, our oil and gas analyst, three powerful economic triggers are converging on the oil markets right now... A "perfect storm" unlike anything we’ve seen in 50 years. The last time this happened, a small group of oil companies made 20x returns in a few years. Some gains were as high as 3,000%! That’s exactly the type of oil company Keith is recommending today.  He’s calling it "the No. 1 oil stock of the decade." [Get the name and ticker here before oil prices surge higher.]( I can’t tell you how many travel horror stories I’ve been told by readers who had to brave the friendly skies. From the grueling hours standing in line after line at the airport, to flight delays — and that’s assuming your flight wasn’t canceled last minute, too — to the endless migraines from dealing with five million other people rushing to get where they need to go. But that’s the price we pay to be with our families and friends, right? And this Thanksgiving will be a little more special than the last few. You see, this year’s AAA 2023 Thanksgiving travel forecast has projected that 55.4 million Americans will travel for the holiday. For the record, this is not just a 2.3% increase over last year, but is also expected to be the third-highest Thanksgiving forecast since AAA started tracking this back in 2000. Demand isn’t just making a comeback, it’s strong. Not only will 49.1 million Americans hop in their car and make the trek to their holiday destinations, but our Airlines are bracing for a record amount of air travel. In fact, the TSA is expecting to screen more than 30 million passengers this week. At least there may be a silver lining for some of us. AI Could Destroy Your Computer Artificial intelligence is about to destroy practically every computer in the world. How? By melting them into steaming piles of metal goop. That’s because AI makes computer chips reach scorching-hot temperatures. But this situation is a once-in-a-lifetime opportunity for early investors… Because one little-known firm from California owns the [patent-protected answer]( to AI’s fatal heat problem. If history is any indication, the stock could make you as much as 120x your money. [Get the full story here.]( According to AAA, the national average for a gallon of gasoline right now is $3.31 per gallon. This is more than $0.25 per gallon cheaper than where it was last month, when crude prices were precariously higher. That may feel like a slight victory to some, but it may not last very long. If there’s one thing we can count on when crude prices dip this low, it’s OPEC. The group is set to meet this weekend in Vienna, and oil prices are already starting to rally over the potential decision to make a deeper cut. Although I’m not convinced we’ll see the group cut production further, it’s safe to say that the voluntary cuts by Saudi Arabia and Russia will be extended into 2024, which as the Wall Street Journal pointed out recently, is more than enough to ensure the surplus currently expected in the first quarter disappears. You see, OPEC doesn’t have to cut production for the market to remain tight. The real wild card here remains firmly in our hands, and whether or not the U.S. can continue growing production beyond record levels. If the EIA numbers are correct, our domestic production has been climbing all year and currently at an all-time high of 13.2 million barrels per day! That’s one thing to be thankful for this week. [Now let me show you exactly how to take advantage of it.]( Until next time, [Keith Kohl Signature] Keith Kohl [[follow basic]Check us out on YouTube!]( [youtube logo]( [Angelpub ARE site logo 100x100]@AngelInvestmentResearch Stock Market Predictions for 2024 | Angel Research Podcast Brian Hicks and Alex Koyfman join Jason Freiert on the Angel Research Podcast to review their predictions for 2023 and also make their stock market predictions for 2024. In addition to covering a vast amount of markets and predictions, Brian explains exactly how he makes his predictions and why investors need to look at the stock market in two specific ways... Tune in to discover which markets will go on a bull run and which could bust in 2024!  [Stock Market Predictions 2024](       [Fb]( [Li]( [Tw]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy [here](. 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