Tick-Tock Goes the EV Clock

I still maintain that we are at the dawn of the end of... I still maintain that we are at the dawn of the end of...                                                                                                      [Outsider Club Header] Nov 20, 2023 By Jeff Siegel for the Outsider Club Tick-Tock Goes the EV Clock Last week, Exxon (NYSE: XOM) announced it was getting into the electric vehicle (EV) game. According to company reps, Exxon is launching a new lithium mining operation in Arkansas, where it will produce enough lithium to support the manufacturing of one million EVs. A lot of folks saw this news and used it as a reason to suggest that the internal combustion vehicle was about to become a thing of the past. If one of the world’s largest oil producers is mining lithium for electric cars, this must be the case. While it is true that the transition away from internal combustion is happening, don’t think for a second that Exxon’s latest lithium play will distract it from what it does best - produce and sell oil. Truth is, in terms of any revenue generated from this lithium project, it’ll barely register as an accounting error for the oil giant when you compare it to what it makes from its oil and gas assets. Don’t get me wrong. Here at Energy and Capital, I’m easily the biggest bull on vehicle electrification. 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.]( Hell, I was the one who suggested buying Tesla (NASDAQ: TSLA) right after it went public. Those who took my advice made a boatload of cash. And I still maintain that we are at the dawn of the end of internal combustion. We already know that by 2030 more than half of all new vehicle sales in the U.S. will be electric, and by 2040, more than 60% of new vehicle sales, globally, will be electric. Make no mistake: the transition from internal combustion to vehicle electrification is going to make us all insanely wealthy. But that doesn’t mean you should eschew the oil machine altogether. In fact, we’re actually coming up on a new bull run on oil that, if you play your cards right, will result in some serious life-changing gains. Certainly, the world’s wealthiest billionaires have been going big on oil over the past few months. 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.](  As I noted last week, Warren Buffett, who said just a few years ago that he will not be buying oil and gas stocks, did a complete about-face. Today, oil stocks make up 14% of Berkshire Hathaway’s total portfolio. Folks, that’s the highest it’s been in 23 years. You think Uncle Warren knows something the rest of us don’t? Or what about billionaire hedge fund manager, David Tepper, who recently invested $372 million into oil and gas stocks? Or hedge fund king Steve Cohen. He’s in several oil plays, ponying up more than $1 billion for that action. Other billionaires loading up on oil right now include… - Bill Gross — net worth: $2.6 billion - Paul Tudor Jones — net worth: $8.1 billion - Ray Dalio — net worth: $15.4 billion - George Soros — net worth: $6.7 billion - Carl Icahn — net worth: $6.4 billion - Jim Simons — net worth: $30.7 billion - Bruce Berkowitz — net worth: $4.3 billion They’re all taking massive positions. And you should be, too. Which is why I’m including [this latest investment note from our resident oil and gas expert Keith Kohl, who has an actual list of all the oil and gas stocks you should be buying right now.]( Yes, the future of personal transportation is electric. But right now, there’s too much money in oil to ignore because you think Tesla makes cool cars. It does. But after this next bull run on oil, you could walk away with enough money to buy a whole fleet of Teslas. And I’m talking about the high-end ones, too. I’m telling you now, don’t sleep in this next oil bull market. Because it’s going to be a millionaire-maker for those who play it right. But don’t take my word for it.  [Click here and see why all those billionaires are loading up on oil and gas stocks.]( They’re going to make a killing. You might as well do the same. To a new way of life and a new generation of wealth... [Jeff Siegel Signature] Jeff Siegel [[follow basic]Check us out on YouTube!]( [[follow basic]@JeffSiegel on Twitter]( P.S. Today’s article was originally published by our sister publication [Energy and Capital](, which is solely dedicated to helping readers profit from the ever-expanding and ever-changing energy sector. If you would like to receive daily free email investment letters from the editors of Energy and Capital, [simply click here.]( Follow the Outsiders [YouTube]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy[here](. Outsider Club, Copyright © Outsider Club LLC, 3 E Read Street Baltimore, MD 21202. 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