The "Moment of Truth" for Oil

If you're a sucker for the... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy The "Moment of Truth" for Oil Keith Kohl | Nov 28, 2023 I love a good fight. If you’re a sucker for the classics, I’d wager some of the more iconic bouts will spring to mind. Perhaps it was the battle between Frazier and Ali in ‘71, or maybe the second matchup between the two when the Thrilla in Manila took place four years later. Maybe it was Rumble in the Jungle when Ali took down Foreman in the DRC. For my readers around my age, that first image might possibly have been in ‘88, when Tyson decimated Michael Spinks in a minute and a half.  But I can tell you one heavyweight war this year that you probably haven’t heard of. Birol versus Al Ghais. Not ringing a bell? Well, don’t beat yourself up too much, because there aren’t many people that would recognize those two names. Yet the war between these two men have been raging all year, with neither side willing to throw in the towel. And I promise you the outcome of this matchup will affect your daily life far more than anything else. [QUIZ] 46 BILLION Barrels of Oil?! A massive $5.9 trillion oil boom is about to take place. Three tiny companies just acquired the rights to mine an untapped patch holding 46 billion barrels of oil in a mystery location... And it even has the potential to reach $9 trillion in value if prices reach $200 per barrel! So which country do you think will lead this upcoming oil surge? - Venezuela - Saudi Arabia - Canada - Russia Think you know the answer? [See if you’re right!]( Vitriol in Vienna: The Moment of Truth We’ve been witness to the ongoing spat between the International Energy Agency (IEA) and OPEC. The two have been at each other’s throats for a long time, but this shouldn’t be too surprising. After all, the IEA’s Net Zero Roadmap laid out a pretty bleak future for OPEC. Not only did their latest report to reach Net Zero Emissions (NZE) reaffirm that the world cannot develop any new oil, gas, or coal resources beyond existing fields and projects, but some of the current fields and infrastructure would need to close early. Dr. Fatih Birol, the IEA’s executive director, was even on the attack in recent months, suggesting that fossil fuel demand would peak by the end of the decade. “How?” you ask? Well, the IEA has stated that it’ll come down to the proliferation of EVs, buffered by the fact that there’ll be 10x more electric vehicles on the road by 2030. And half of the cars sold in the U.S. will be electric. Of course, also helping matters will be an incredibly aggressive transition — coal and natural gas accounted for nearly 70% of global electricity generation in 2022 — to solar power that will generate more electricity at the end of the decade than what the U.S. produces today. If that turns out to be true, it’s a nail in OPEC’s coffin in seven short years. So you can understand why OPEC’s Secretary General, Haitham Al Ghasis, was a bit perturbed by the IEA’s ominous outlook for the world’s biggest oil producers. Yesterday, Al Ghasis’ scathing reply addressed this “moment of truth” for the oil and gas industry. For him, it was nothing more than vilifying the industry and taking an extremely narrow perspective of the challenges the world faces over energy security, energy access, and energy affordability. Tesla Is Dead... Elon Musk Is Ruined Thanks to a new discovery — known as “Blue Gas” — electric car companies like Tesla are about to go down in flames. “Blue Gas” is 100% emission-free, can propel vehicles hundreds of miles, and allows cars to fully charge in just minutes. And the tiny company behind it is primed to absolutely shatter any gains ever paid out by Tesla. [Click here before this stock explodes in the coming months.]( But here’s the thing… Poking the bear and pressuring OPEC to heel, especially when crude prices are weak, isn’t the smartest tactic… not right now, at least. In two days, OPEC is set to meet in Vienna once again to plot a path forward, which includes a decision on what to do regarding output. It should be clear by now that OPEC and Russia will keep their voluntary cuts in place through the first quarter of 2024. The Saudis are already leaving a million barrels per day off the table voluntarily. The real question is whether deeper cuts are ahead. If the Saudis can get the rest of OPEC to follow suit, we’re going to see a rally in crude prices much sooner than expected. 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 Insiders Load Up on THESE Stocks for Holidays | Angel Research Podcast Ep. 66 Alex Boulden joins Jason Freiert on the Angel Research Podcast to discuss stock market insiders loading up on these stocks for the holidays. They also discuss a potential cryptocurrency rally in the coming days and weeks. Tune in today and find out which stocks the insiders of the stock market are flocking to.  [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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