France’s Oil Nightmare

Pensions, Protestors & Petroleum… Dear Loyal Reader, French President Emmanuel Macron has had no shortage of problems recently. After announcing his decision to raise his country’s retirement age, more than 2 million French people have taken to the streets to protest. And while France has a long history of political uprising… One of the things that makes this protest so unique is the fact that several major oil refineries have taken part in the resistance. It all started back in January when Macron — who was already very unpopular with his constituents — invoked special power to force through legislation that would completely overhaul France’s pension system. Raising the retirement age from 62 to 64. It’s a brash political move that could affect more than 15 million people today. That’s why 5 of the major 8 oil refineries have been blocked by workers on strike. And Exxon Mobile and TotalEnergies have been in constant protest… This oil protest represents a blockage of 60% of France’s total oil production. Which has made gas prices rise by as much as two euros, and drained 30% of the country’s fuel stations. That’s why this whole petroleum fiasco has been called: “France’s oil nightmare.” Now, I don’t bring this up to get political. But rather because France’s oil nightmare is indicative of a larger global energy crisis. In fact, the International Energy Agency is calling this global energy crisis a “historic turning point” for the world’s economy. That’s why billionaires like Warren Buffett, Ray Dalio and Carl Icahn have recently invested hundreds of millions and even billions of dollars into oil. And why every major bank and hedge fund on Wall Street has been doubling down on oil. Including Goldman Sachs, JPMorgan, Wells Fargo, BlackRock, Vanguard and Fidelity. In fact, JPMorgan declares this new oil boom is a SUPER bull for oil and says“an energy revolution is underway.” And Goldman Sachs is saying “oil will roar higher” — stating this new commodity super bull could easily last a decade. So for a limited time, Chief Investment Strategist Adam O’Dell is sharing his No. 1 energy stock pick for you to take advantage of today. It’s a small American energy stock that could hold the key to the U.S.’ oil independence. [Click here to get all the details now.]( Regards, Matthew Clark Chief Research Analyst, Stock Power Daily ---------------------------------------------------------------  Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2023 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe.](