Two Saudi oil princes sat in a room surrounded by... [Outsider Club Header]
Mar 09, 2024 By Keith Kohl The Saudis' "Diabolical Plan" 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, âI love it when a plan comes together.â 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. Itâs 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, thatâs the easy part. [The Most Profitable Drug in Human History?!?]( This groundbreaking new pill can help you: - Improve your memory
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- Conquer your fears and eliminate anxiety Not to mention disrupting multiple markets worth trillionsâ¦Â [Click here to learn more before FDA approval!]( Honestly, weâve 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 hadnât made that move, oil prices wouldâve 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, thatâs 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 wouldnât last, and as long as they stuck to their production cut, then things would eventually work out â 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 itâs time to collect. Thereâs 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 whoâs 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. What Would You Do With An EXTRA Paycheck? Really... What would you do? Would you live a more lavish life, give more to charity, save more for the future? However youâd use it is completely up to you... but our in-house income expert wants to help you figure out how to get it. Heâs uncovered a âprogramâ that pays out over $2.3 BILLION a year to people like you. [Click here]( to learn how to get your share of the next payout, coming March 14. Get all the details and get started TODAY! Keep in mind that when the summer demand comes rolling around again, President Biden wonât have the same tricks available to him⦠or will he? Donât 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, itâs about getting more with less. Less drilling. Lower costs. Fewer rigs. Efficiency is whatâs 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 itâs 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!]( A true insider in the technology and energy markets, Keithâs research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of [Energy & Capital](, as well as the investment director of Angel Publishing's [Energy Investor]( and [Technology and Opportunity](. For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream â from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology. Keithâs keen trading acumen and investment research also extend all the way into the complex biotech sector, where he and his readers take advantage of the newest and most groundbreaking medical therapies being developed by nearly 1,000 biotech companies. His network includes hundreds of experts, from M.D.s and Ph.D.s to lab scientists grinding out the latest medical technology and treatments. You can join his vast investment community and target the most profitable biotech stocks in Keithâs [Topline Trader]( advisory newsletter. 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. Please note: It is not our intention to send email to anyone who doesn't want it. 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