Venezuela Strikes Back

Last-ditch effort to boost global oil supply... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy Venezuela Strikes Back Keith Kohl | Dec 07, 2023 People often quip that history is doomed to repeat itself. The quote was originally coined from a book that was published back in 1905 by a philosopher named George Santayana. In The Life of Reason: The Phases of Human Progress, the full version of the quote reads that those who cannot remember the past are condemned to repeat it. And you know just as well as I do that people have poor memories today. Two months ago, President Biden suspended some of the sanctions that had been placed on Venezuela’s oil sector. It was a last ditch effort to boost global oil supply and ease crude prices, which at the time had surged back towards $90 per barrel after the Oct. 7th attacks on Israel. All we asked for in return was for Maduro to hold free and fair elections in his country. Well, good luck with that. New Oil Drilling Innovation Unlocks Texas-Size Profit Potential Nestled in Texas' Permian Basin is a secret that’s about to turn the oil industry on its head... A small firm has developed a new drilling method that puts fracking to shame. It could DOUBLE domestic oil production and transform America into the world’s No. 1 oil superpower. [See the full story behind this firm’s breakthrough "Horseshoe Well."]( Is History Doomed to Repeat Itself? We talked a little about [the insanity of mending ties with Venezuela]( a few months ago. And while reverting some of the sanctions levied against the country’s oil sector might provide a small bump, sanctions weren’t the biggest obstacle PDVSA was facing. There are much greater issues for PDVSA to solve first, including the poor state of its infrastructure and production equipment, which has been progressively abandoned, dismantled, and sold for scrap. Granted, another major problem has been the rampant corruption that has plagued the national oil company for decades at this point. Earlier this year, Reuters reported that $21.2 billion was lost after PDVSA turned to dozens of intermediaries to sell its oil under the United States’ radar. It turns out they just absconded with a lot of cash and left PDVSA out to dry. Not to mention the fact that PDVSA’s former vice president and more than 60 government officials and businessmen were arrested on corruption charges last April. Keep in mind, these are the same people we’re hoping will miraculously save an oil industry that has been collapsing for decades now. And if you think things couldn’t get any worse, hold onto your seat. There's $322 Billion Worth of Lithium in Northwest Alberta...Why Can't Anybody Touch It? For more than 40 years, an oil company has been working a 671-square-mile chunk of northwestern Alberta, producing its lifeblood using brine that’s kept in hundreds of massive storage ponds. These storage ponds have long been known to contain a massive lithium resource, totaling an estimated 4.3 million tons. Just recently a tiny Vancouver-based technology company, founded and headed by petrochemical industry veterans, figured out a way to extract the lithium from this brine, very quickly and very efficiently. So efficiently, in fact, that the company can filter this oil field brine, returning it to the pond after processing, with a better than 95% capture rate. Production of salable lithium will cost between $3,000 and $4,000 per ton, while market rates price lithium at $70,000 per ton. They know where the lithium is, they know how to extract it, and, as of now, they have an agreement in place to work this giant lithium-rich property. Commercial production is now projected to be in place by the middle of 2024, with buyers already lining up. [Interested? Enter here to learn more.]( Well, if you can’t save your own oil production, just steal it. And now it seems that Maduro is taking a page right out of Putin’s playbook. Last Sunday, the Venezuelan President held a referendum on whether or not the country should claim sovereignty over a territory named Essequibo. Never heard of it? Take a look: [guyana map] Don’t blame yourself too much, because not many people have. The 160,000-square-kilometer makes up roughly 66% of neighboring Guyana. It also happens to be incredibly oil-rich. Just to put a little more perspective on this, Guyana is one of the hottest upcoming oil regions in the world. When it comes to global oil supply, there are only a few countries that are capable of significantly boosting oil output. The United States, Brazil, and Guyana have been the key drivers of global supply growth in 2023. But here’s where Guyana is even more crucial to global supply… U.S. oil output is currently at record highs, and it’ll take some ingenuity and a lot of luck to see output go much higher from here, especially with so much headwind facing drillers today. As global oil consumption continues to break new record highs going forward, bringing new oil online is paramount. Guyana, which currently produces about 400,000 barrels per day, is expected to boost output to 1.2 million barrels per day thanks to a string of massive offshore discoveries by Exxon. This referendum also came despite a warning by the UN’s International Court of Justice. Perhaps Exxon is getting a little déjà vu from when Chavez suddenly seized every oil asset the company owned overnight back in 2007. Maduro isn’t waiting around for someone to stop him, too. Two days ago, he ordered PDVSA to start granting licenses to go after oil deposit Things are going to get worse before they get better.  The risk of losing Guyana’s offshore oil blocks, however, is far more dangerous than most people realize. Until next time, [Keith Kohl Signature] Keith Kohl [[follow basic]Check us out on YouTube!](  Don't Hold Your Breath for a ChatGPT IPO:This AI Loophole Could Spell $48,800 for You This Year ChatGPT has taken over the world. The AI platform amassed 100 million users in just two months. That’s more than what Netflix, Instagram, and even Facebook acquired in such a short time. And ChatGPT is on pace to generate $1.3 billion in revenue alone this year. But don’t hold your breath for a ChatGPT IPO, which may never happen... Instead, there’s a little-known loophole that most investors don’t know about... One that gives you a shot at collecting up to $48,800 annually — regardless of what happens to the stock market or economy! And it’s all thanks to this secret AI “Tollbooth.” See, every time a person asks a question to ChatGPT or another popular AI chatbot... That query MUST pass through this AI “Tollbooth” facility before a response can be generated for the user. And in exchange for this service, the facility’s owner regularly collects a fee from the companies behind these apps. The “Tollbooth” rakes in a remarkable $427.5 million in fees every month. But here’s the best part: This AI “Tollbooth” isn’t allowed to keep all of the profits for itself. The government has mandated it to distribute 90% of its profits to people like you and me... And these payouts have surged 116% over the past decade! Not to mention the payouts are likely to increase as the user base of these AI apps grows... And by securing your share in the “Tollbooth,” you stand to gain from this growing income source, all driven by ChatGPT. [Simply follow these easy steps and you could start earning as much as $48,800 per year.](  [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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