A 2024 Oil Winner That Will Surprise You

It was a necessary move considering that a flood of... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy A 2024 Oil Winner That Will Surprise You Keith Kohl | Jan 09, 2024 Nearly five years ago, I [told]( you that OPEC as we know it was dying. Perhaps dying may be a bit hyperbolic, because the oil cartel still certainly wields a formidable amount of power and influence in today’s global oil markets. Consider it an evolution… OPEC 2.0, if you will. Ever since OPEC joined up with Russia and five other countries to form OPEC+, the crude coalition began coordinating their production to buoy oil prices and maintain market stability. It was a necessary move considering that a flood of U.S. oil has made its way onto the global stage since 2015, when Congress lifted the ban on U.S. exports. If you’ve ever wondered what could give a young Saudi Prince nightmares, just take look below: [oil exports eia] But it’s not the United States that they’re truly worried about. Not really.  And here’s the dirty secret as to why… 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."]( The Key to OPEC Superiority Most people still think that the United States is OPEC’s biggest threat. That isn’t true for two reasons. First, I think it’s safe to say that our oil production growth last year exceeded most — if not all — expectations. It was a pleasant surprise considering the factors that weighed against it, the biggest of which being the decline in rig activity. The problem now is future growth, and anyone who expects to see similar growth in 2024 is deluding themself. The name of the game going forward is going to be all about spare capacity. Those who have the power to increase supply will have far more control of the market. Considering that U.S. oil output is at record levels and OPEC+ is curtailing output by approximately 2.2 million barrels per day, the latter is holding all the cards this year on potential supply disruptions. The second reason is even more impactful… 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.]( Back in the 1990s and early 2000s, the Saudis were selling us more than a million and a half barrels of oil per day. In a way, they were shackled to us just as much as we were to them.  The Saudis had just as much to lose as us, and as our domestic production soared thanks to the tight oil boom since 2008, our reliance on Saudi crude plummeted to its lowest levels in nearly 40 years! What our oil boom did was force OPEC to find new customers, which they’ve found among emerging markets like China and India. Despite the bearish sentiment over China’s economy throughout 2023, China imported a record volume of crude oil during the first half — roughly 11.4 million barrels per day, or 12% higher than the first half of 2022. And with the exception of the United States, practically all of China’s oil comes from OPEC (Angola’s recent departure from OPEC now being the other exception): [china oil] That market share is now being threatened by an unlikely oil powerhouse. Up until now, our biggest source of oil imports has come from one major global producer. Today, Canada supplies us with four times more oil than all of OPEC! Usually, this wouldn’t be much of a discussion since the United States has been the only real buyer of Canadian crude. But that’s about to change, and it’s all thanks to the Trans Mountain pipeline expansion that is on the cusp of completion — just 5% left to go. This is the pipeline that links the massive oil sands operations in Alberta with the Pacific Ocean via British Columbia. Once the expansion project is completed, an additional 600,000 barrels of Canadian crude will be available for export to Asia. And it could very well make those overlooked Canadian producers a surprise winner in 2024. Stay tuned for more updates on this. Until next time, [Keith Kohl Signature] Keith Kohl [[follow basic]Check us out on YouTube!]( [youtube logo]( [Angelpub ARE site logo 100x100]@AngelInvestmentResearch From Crypto to Gold: Why 2024 Will Be the Year of Gold & Digital Assets | Angel Research Podcast Jason Williams returns to the Angel Research Podcast to discuss why 2024 will be the year of gold and digital assets (crypto). With Peak Gold becoming more apparent by the day, Jason has found the perfect $1 stock to take advantage of this opportunity. With mined gold output about to fall off a cliff, we're staring at the biggest event in over 300 years. On March 31, a tiny, under-the-radar stock will release drilling results that send the stock soaring... Discover how you can take advantage today on episode 68 of the Angel Research Podcast!  [From Crypto to Gold: Why 2024 Will Be the Year of Gold & Digital Assets | Angel Research Podcast](       [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).