Texas’ Record Heat Signals Higher Energy Prices to Come

[Inside Wall Street with Nomi Prins]( Texas’ Record Heat Signals Higher Energy Prices to Come By Nomi Prins, Editor, Inside Wall Street with Nomi Prins Everything is outsized in the Lone Star State. Summer temperatures are no exception. As Texas’ heat broke past 105 degrees Fahrenheit this summer, so did energy demand, dragging prices higher. But what happens in Texas doesn’t only stay in Texas. The harsh weather it’s facing can forecast what’s to come for energy prices everywhere… That’s because Texas accounts for about 12% of America’s total electricity generation per year. In 2022, Texas produced more energy than any other state. Breaking that down, Texas is responsible for 43% of U.S. oil production, 25% of U.S. natural gas, and 26% of U.S. wind-powered electricity. The diversity of Texas’ energy portfolio makes it a leader in energy production and distribution. That puts it at the forefront of our energy needs today and in the future. So far, energy prices are still about three times lower than they were this time last year. That’s because of increased energy reserves in the U.S., a milder winter than anticipated, and stronger European energy stockpiles. But rising temperatures increase the demand for energy. And that will push energy prices up, spelling an opportunity for investors who know where to look… Recommended Link [“Dollar exodus” spell trouble for America?]( [image]( “I recently noticed a disturbing trend among my wealthy friends… In short, the richest Americans – including Warren Buffett and Ray Dalio – are dumping their dollars… and piling into one surprising asset.” – Brad Thomas [Click here to find out more.]( -- Rising Demand Forecasts I’m not the only one who sees energy prices going higher. Oil and gas industry executives expect energy prices to rise through the end of the year. The Energy Information Administration (EIA) also expects energy prices to keep rising over the summer. That’s due to: - Production declines. - Heat increasing the demand for air conditioning and electricity. - International demand for U.S. energy exports following geopolitical disruptions in global supply. The ongoing war in Ukraine will impact Europe’s energy sector yet again. You see, disruptions in oil and gas supply chains are pushing prices upward globally. Prices are also rising because of greater electricity demand during peak summer hours. That extra demand – like the increased usage of A/C – places a greater strain on electric power and the electric grid. And it’s not just hot in the U.S. The world recorded its hottest day ever this July. Such trends will drive increasing energy demand. This, in turn, will elevate prices. And that all starts and ends with Texas. Let me explain… Recommended Link [Will YOU Turn In Your Cash?]( [image]( Will you turn in your cash? Soon, Americans may have a decision to make – Turn in your cash – or let it expire worthless. According to Dr. Nomi Prins, a pile of smoking-gun documents she’s unearthed, and patents prove we’re on the verge of a complete transformation of our money supply. She says: “The rules are about to change forever. If it plays out the way I expect, cash could become a target as more banks fail and run out of money.” Dr. Prins has recorded a full-length interview to explain the connection between cash and bank failures – and what it means for your money. What she has to say is controversial, but if you have more than $2,500 in an American bank or retirement fund – Nomi’s message is something you absolutely cannot afford to miss. [Click here to find out what you need to do to prepare for this historic transformation.]( -- Extra Pressure on the Electric Grid Texas consumes more energy than any other state. With a population of 30 million people, or 9% of the U.S. total, it’s easy to see why. Just this week, a second major heat wave hit Texas. It pushed demand on the power grid to record highs. For example, the forecasts for this week’s power demands are breaking record numbers. And they’re already higher than the all-time peak demand previously forecast for Texas this summer. That’s pushing the annual forecast for total energy demand higher, too. [Chart] Now, the Texas electric grid only generates enough power to meet anticipated customer demand. That’s all good if demand is predicted accurately. But if it isn’t, that could leave the grid underprepared. East Texas is a case in point. Last month, certain areas lost power for days after tornadoes obstructed transmission lines. In Harrison County, 25,000 people sweltered with no power as the heat index rose to 104. Even a local power outage, like in East Texas, could be deadly during a severe heat wave. It’s why Texas received $60 million in federal funds from the Inflation Reduction Act to strengthen its power grid against extreme weather. But it takes time to fix grids. In the meantime, extra demand due to the heat will push energy prices up. And rising temperatures are here to stay… Recommended Link [Digital Dollar Could Send These Three Stocks Booming]( [image]( A digital dollar (or CBDC) could soon replace the U.S. dollar. Most people could end up holding worthless dollars. But a few could get rich from this new shift. You see, if you know which companies are working on these CBDC projects, you could come out of this shift wealthier than you ever thought possible. [Click here to get the names of three companies that could benefit from this trend, completely free of charge.]( -- Global Heat Records An earlier-than-usual El Niño pattern could make this summer’s heat worse. According to AccuWeather, these patterns create months-long warming behavior. That means more demand for electricity and the resources powering it. El Niño has already caused water temperatures to rise along South America’s west coast. And it’s now heading toward Europe and the northeastern coast of China. This can lead to higher temperatures in Asia and new global temperature highs. In fact, the University of Maine’s Climate Reanalyzer just noted record worldwide average temperatures last week. [Chart] That means a potential boom in global demand and competition for U.S. energy supplies. This, in turn, could ignite energy price rallies. And Texas is in prime shape to benefit from the growing need for more energy production and distribution. Tomorrow, I’ll talk about why Texas has a unique position to supply the country and world with energy, and how you can position yourself to profit from that trend… Stay tuned for more. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). MAILBAG A reader praises Nomi for her article [last Friday]( exploring the potential impacts of FedNow and a CBDC… Dear Nomi, I have followed you and your research for about the last 1 1/2 years. I really appreciate your vast knowledge and respected perspective on an always-changing financial landscape. Having said that, you really knocked it out of the park with your article: [Banks Are on Board with the Digital Dollar – Here’s What That Means for Your Money](. While I have been doing my own research on FedNow and CBDCs and their implications, your article really laid out in great detail the many potential impacts we may all experience as "the powers" roll this out. I share, like you and many other experts, the serious concerns about our out-of-control governments and globalists’ attempts to have TOTAL CONTROL over our financial lives and privacy! While the sheeple will likely go along to slaughter, this may create a tipping point where patriots around the world say "Enough" and the globalists encounter a Marie Antoinette moment. Time will tell… And you were correct to point out there are still many unknowns at this time. I would be most grateful for follow-up articles from you as more details become known. In closing, I really appreciate all the time and effort you put into this well-researched article with all the helpful hyperlinks. Continued Blessings, – David C. Like David, do you think FedNow and/or a CBDC could lead us to a “Marie Antoinette moment”? After reading today’s essay, what do you think about Texas paving the way for energy demand? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). 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