There’s a Cold Winter Ahead as the Energy Crisis Deepens

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. There’s a Cold Winter Ahead as the Energy Crisis Deepens By Nomi Prins, Editor, Inside Wall Street with Nomi Prins [Yesterday]( we looked at the main driver of the energy crisis in Europe right now – uncertain natural gas supplies. It’s largely down to Russia’s ongoing war in Ukraine and the tit-for-tat sanctions and counteractions between Russia and its European neighbors. Hopefully, Europe and Russia can find a way to de-escalate the situation. Although if Putin’s threats earlier this week to mobilize more troops and the country’s nuclear weapons are to be believed, I’m not holding my breath… But already, people living in Europe are feeling the effects of escalating energy prices. As I told you yesterday, natural gas prices in Europe spiked by as much as 312% since the war started. Governments in Europe are scrambling to secure alternative energy supplies as the cold winter approaches, while trying to agree on a set of measures to limit Russia’s oil and gas income. And we haven’t been immune on this side of the Atlantic, either. According to the latest U.S. Consumer Price Index (CPI) data, natural gas prices here are 33% higher than a year ago. So today, I’ll show you how you can make some of that extra spend back as energy prices continue to rise. But first, a look at what’s coming next in the energy crisis… Recommended Link [Man discovers one ticker bombshell after getting fired multiple times]( [image]( In my first 2 years as a trader, I got fired more times than I can count. I would get hired, start trading and lose money. Why? I was trying to trade everything. Then I realized what was missing. Specialization! Forget about 99% of stocks. Find one thing and stick to it. [Watch my debut video here to see how I trade.]( – Larry Benedict [Click here to learn more.]( -- (Russian) Winter Is Coming During the summer, the European Union (EU) announced plans to ban seaborne imports of Russian crude oil from December 5. And it said it will impose a ban on petroleum product imports starting on February 5 next year. If and when these bans are implemented, they will have a knock-on effect on all energy prices across the globe. But there’s more… Recently, the leaders of the EU and other G7 nations decided to try to limit Russia’s oil revenues. They have proposed a price cap of somewhere between $40 and $60 a barrel on Russian oil. This would also come into effect on December 5. The Group of 7 – or G7 – comprises Canada, France, Italy, Germany, Japan, the United Kingdom, and the United States. To say that Russia doesn’t like these proposals would be putting it mildly. Russian president Vladimir Putin said that he will make Europe freeze and turn off the gas valves to any country that imposes price caps. [Featured: The diversification method is crushing people.]( Now, it remains to be seen whether he makes good on his promise in the event of a price cap being imposed. After all, Russia is no stranger to empty threats. For example, about six months ago, it demanded that all payments for natural gas be made in its local currency, the ruble, or it would cut supplies. This was to prop up its then-falling currency. The EU countries refused. This caused a spike in natural gas prices. In the end, however, Russia backed down… silently. Why? Because it couldn’t afford to cut off the flow of those juicy gas dollars. It’s very hard to predict how this will play out. If Russia’s war in Ukraine has shown us anything, it is that Putin can be unpredictable. And the EU and G7 must tread a fine line between forcing Russia to abandon its “special operation” in Ukraine and keeping the lights on in Europe and around the world. Heads of government from almost every country in the world have gathered in New York this week for the 77th United Nations General Assembly. The energy crisis and the situation in Ukraine are top of the agenda. Unsurprisingly, Vladimir Putin is not in attendance, although he has sent his foreign minister to the event. Recommended Link [$130 trillion revolution in this cup?]( [image]( Don’t try this at home. Former Goldman Sachs executive Nomi Prins recently drank the contents of a brand-new type of battery… To reveal why 5 billionaires are investing in [this tiny $4 company behind it.]( And how it could unleash a $130 trillion energy revolution. [Watch the 30-second demo here.]( -- Energy Prices Will Continue to Rise This Winter The way things currently stand, the rise in natural gas prices is unlikely to be fully resolved in the short term. And it’s destined to build into a crisis here this winter. According to the U.S. Energy Information Administration, we generate 38% of our electricity from natural gas. When the weather gets colder, demand for natural gas-fueled electricity will rise. And in general, colder weather increases demand for natural gas for heating. This is true in both the residential and commercial sectors. That puts upward pressure on prices. [Featured: My exclusive trading method could make all your financial worries go away - Jeff Clark]( And if the weather becomes unexpectedly cold or harsh, price spikes can intensify. This means less natural gas would be available for storage. And this, in turn, would lead to higher prices as countries scramble to replenish their depleted natural gas reserves. It’s a vicious circle. And I’m sure we all remember what happened in February 2021, when extreme weather conditions in Texas closed down U.S. oil refineries and plunged millions of Americans into darkness. Energy prices across the country soared as a result. Recommended Link [Has Warren Buffett Destroyed Your Retirement?]( [image]( Do you have tens of thousands of dollars to invest into a portfolio of undervalued stocks? Do you have a team of PhD’s helping you find the best investments? Do you have time to wait 10, 20, 40, 50 years to see any kind of decent return? If you’re like most – your answer is “NO” to all of the above. For instance, 99% of Warren Buffett’s wealth came AFTER he was 50 – the largest majority after he turned 72 years old. Why wait decades to profit? This is why Millionaire trader Jeff Clark says… [“IGNORE 99% of the entire stock market and you could walk away with as much as 2x, 3x, 5x gains in just DAYS. Regardless of if the stock market is up OR down!”]( Jeff’s accomplished this for decades, all through America’s biggest crashes! Recommending 12 “Double Your Money” trades in 2022 ALONE. [Click Here to Watch.]( -- What This Means for You and Your Money The good news is that the EU has already managed to fill 85% of its natural gas storage from alternative sources. As a result, natural gas prices there have pulled back somewhat from their recent peak. But they still remain more than double where they were in January 2022, before Russia invaded Ukraine. And the ongoing uncertainty means energy prices look likely to stay elevated into 2023. A good way to position yourself in the short term is with an energy-related exchange-traded fund (ETF). The United States 12 Month Natural Gas Fund (UNL) tracks natural gas price movements. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. UNL is a great start if you want to combat rising energy prices. But for even higher potential upside, you’ll also want to consider investing in companies whose gas-related products are priced globally but whose inputs are priced locally. Fertilizer producers with major U.S. operations are a good example. I recently wrote about one such company in my Distortion Report advisory. If you’re already a paid-up subscriber, catch up on that issue [here](. If you’re not paid-up yet but want to learn more about Distortion Report – and how we’re turning crisis into opportunity in the energy markets – [check out this video presentation I just released](. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG Do you agree that energy prices here will continue to rise this winter as a result of the situation in Europe? What measures are you taking to combat higher energy bills? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Europe’s Energy Crisis Is Spilling Over to the World Economy). IN CASE YOU MISSED IT… [Nomi Prins: “What I said on Fox Business…”]( “Did you catch my recent interview on Fox Business? On the air, I shared a prediction that’s already playing out in the markets, right now. I said the Fed wouldn’t raise rates as much as most in the mainstream media expect. And so far, I’m right. Later in the segment, Fox host Charles Payne asked me: “What’s happening that most people might be missing… that you really want people to know?” I only had a few seconds to answer on the show, so I’ve recently decided to record another, more in-depth [interview to show viewers exactly what people are missing in today’s markets.]( In it, I also made a big new prediction about what the Federal Reserve will likely do next… and what Americans can do to ensure their financial future is protected.” — Nomi Prins [Click here to see the entire interview.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. 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