OPEC Takes Control

I know it sounds bad, but the smart investors will see... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy OPEC Takes Control Keith Kohl | Mar 07, 2024 Two Saudi oil princes sat in a room surrounded by a mountain of cash. Thumbing through the bills, the one looks at the other just before he loses count and says, “I love it when a plan comes together.” The other simply smiles and nods. I can think of several times this fictitious scenario has played out in history, and each time the story ends the same way. The reason for their recent mirth comes as Saudi Arabia officially raised the price of its oil deliveries to Asia next month; the cost of a barrel of Arab Light grade crude will be sold at a $1.70/bbl premium over the Oman/Dubai average. It’s still early March and oil prices are already rising… the Saudi plan is coming together nicely, indeed. Perhaps a few of you are starting to wonder just how we got here. Well, that’s the easy part. [URGENT: This Parcel of Land Could Gift You Half a Million Dollars]( [JMT Buried Under the Land Image](In a remote corner of North America, a team of geologists and explorers just found something truly amazing. Mining experts call it the last GREAT gold discovery on Earth. And if you invest in the tiny firm that owns this land — before Big Tech and Wall Street investors catch wind of it... You could turn $10,000 into over $500,000! [Get the lowdown on this urgent gold opportunity right now.]( Honestly, we’ve been waiting for the other shoe to drop ever since President Biden sold off more than half of our strategic petroleum reserves in 2022. To be fair to the President, it was perhaps the only way he was able to keep a lid on oil prices after Russian tanks started rolling into Ukraine. If he hadn’t made that move, oil prices would’ve spiked far higher than the $120 per barrel that summer. Still, it was a short-term sacrifice for long-term pain. So where do the Saudis come into play here? Like I said, that’s actually the easy part to answer. OPEC and its allies (mainly Russia) have been voluntarily curtailing production in late 2022 to maintain the global supply/demand balance. It was a counter to the massive SPR release by the U.S., and all they had to do was wait us out. Of course, one kink in their plans was the surprise production growth by U.S. producers, which pushed our domestic production to a new record of 13.3 million barrels per day in 2023. Hardly anyone saw that coming, and it was the only thing that kept global supply higher. They knew it wouldn’t last, and as long as they stuck to their production cut, then things would eventually work out — especially considering that global demand not only reached new all-time highs in 2023, but are also poised for even more growth this year. Again, all the Saudis had to do was wait us out. Now it’s time to collect. Do NOT Buy Another Stock Until You Read This! Artificial intelligence has kicked off a new bull market. As Bloomberg puts it, "A serious rally has... erupted"... CNBC says, "[This] explosion could save the market and maybe the economy... And Forbes reports AI has minted the youngest self-made billionaire in the world, a 25-year-old college dropout. But if you want to profit from this boom, you should steer clear of the usual suspects like Microsoft, Nvidia, or Google. For the opportunity to rake in truly life-changing gains, there’s just one stock you should buy today. Analysts believe this is [THE superior AI play.]( Early customers include the U.S. Air Force, Cisco, and Raytheon... And with a massive announcement around the corner, shares are destined to soar. [Find out how to position yourself today for maximum gains.]( There’s a reason why the House of Saud raised its prices to Asia and left prices to Europe and the U.S. unchanged or slightly lower. They understand full well who’s driving demand this year. The latest data out of India shows that demand is hitting new highs. More importantly, India will be the greatest driver of global oil demand for the rest of the decade. Meanwhile, Chinese refineries are processing more crude oil than ever before: [china oil] The Saudis are now in a win-win situation heading throughout the rest of 2024 because non-OPEC supply growth is severely limited. Remember, U.S. oil production is expected to decline from 13.3 million barrels per day and not reach that level again until next year. Keep in mind that when the summer demand comes rolling around again, President Biden won’t have the same tricks available to him… or will he? Don’t be surprised if he tries to tap the SPR again if things get tight and crude prices surge higher, but that might be political suicide during an election year, not to mention a huge blow to our energy security. I know it sounds bad, but the smart investors will see the opportunity if they look hard enough. You see, my readers and I know that the game has changed within the U.S. oil sector. Gone are the days of frenzied, debt-fueled drilling, when companies would sink as many drill bits into the ground as the bank would pay for. Today, it’s about getting more with less. Less drilling. Lower costs. Fewer rigs. Efficiency is what’s going to keep U.S. oil flowing at near record levels this year. Naturally, that puts an incredible amount of value on the oil stocks that can pump more with less. Those will be the true winners this summer. [And I think it’s time you check at least one of them out right now.]( Until next time, [Keith Kohl Signature] Keith Kohl [[follow basic]Check us out on YouTube!]( BREAKING: Putin Is Launching Hypersonic Missiles in Ukraine Vladimir Putin has confirmed that Russia is using hypersonic missiles in their ongoing invasion of Ukraine. These missiles have a range of 625 miles and can travel at nine times the speed of sound. But Putin isn’t our only enemy developing this devastating weapon... China just tested a hypersonic missile that is even deadlier than Russia's. Being capable of striking targets over 1,000 miles away at FIVE TIMES the speed of sound! You could fire one of these missiles from New York City and hit a target in Miami in less than 12 minutes. And as it stands, the U.S. has zero protection against them... 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