The X Factor That Could Send Oil Prices Sky High

Oil prices had a wild ride in 2023... Oil prices had a wild ride in 2023...                                                                                                      [Wealth Daily] Jason Simpkins / Jan 16, 2024 The X Factor That Could Send Oil Prices Sky High Oil prices had a wild ride in 2023. They started the year trading in the mid-$70s. For a few fleeting weeks throughout the spring they even fell below the $70 level before gaining enough momentum to top out around $94 per barrel in September. I personally thought they’d stay there, but instead they dropped back down to end the year in the low $70s. So after all that, we’re right back where we started last year. However, also like last year, that’s likely to be crude’s floor, as the threat of supply cuts and/or disruptions remains ever-present. To wit, both WTI and Brent crude climbed more than 2% in the first week of 2024 as Iranian-backed rebels continued their harassment campaign against cargo ships traversing the Red Sea. And on Friday, they jumped 4% in a single day, hitting their highest level in weeks, due to regional conflict. Apple Partner Stock Set to Skyrocket Apple’s latest creation, the Vision Pro headset, is taking the market by storm... Touted as the most significant innovation since the iPhone, the Vision Pro is set to redefine the realm of consumer electronics. Amidst this excitement is a little-known tech firm, vital to the Vision Pro's development. As Apple rolls out its headset to the wider public, this stock could explode. [Go here to see the complete details.]( This is because attacks in the Red Sea have become so commonplace and dangerous that most major cargo companies are now diverting their routes away from the Suez Canal and around the Cape of Good Hope. Just last week, the International Association of Independent Tanker Owners (Intertanko) — which represents almost 70% of all internationally traded oil, gas, and chemical tankers — warned members to “stay well away” from the area, even if it means taking longer, pricier routes. The consequence of these adjustments is that shipping costs have almost tripled since late November. And it’s only going to get worse, because the conflict between Israel and Hamas isn’t easing, it’s escalating. So much so that the risk of the situation spiraling into a broader regional crisis that could impact other major shipping lanes like the Gulf of Oman and the Strait of Hormuz. That’s why oil prices are rising even against the backdrop of higher inventories and tepid demand. And that landscape is likely to shift as well, because OPEC will only tolerate low oil prices for so long before it issues another round of cuts to reignite prices. 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.]( That means this could be the best opportunity investors have to take advantage of the energy market all year. Because oil prices are still relatively low. However, like last year, that won’t hold. They will inevitably march back up to $90 per barrel at the very least. And potentially much higher if the conflict continues to escalate. The best way to play this would be to check out [this little-known energy firm out of Texas.]( It’s extremely active in the Permian Basin, where it’s developed a new drilling method that’s the biggest breakthrough since fracking. No joke, the new method effectively DOUBLES the amount of oil that can be extracted from a single well, boosting production and profits while minimizing costs and disruptions to the environment. It’s one of the biggest reasons why U.S. crude production is set to top record levels over the next two years — despite declining rig activity. So [get all the details right here.]( Because this energy stock is poised to blast off regardless of what happens in the Middle East. Fight on, [Jason Simpkins Signature] Jason Simpkins [Wealth Daily ICYMI Header]( This Stock Skyrocketed 118% in ONE DAY...(Get Ready for the Next Big Single-Day Winner) In a single trading session, an under-the-radar stock jumped from $10.55 to $22.43... Delivering an astonishing 118% return in JUST ONE DAY. [tt-harpoon-therapeutics] But this remarkable trade wasn't a stroke of luck... It was driven by a recurring yet little-known market phenomenon that can trigger gains of up to 29x in a single day. With this information, you could turn $10,000 into as much as $309,000 in ONE DAY. This isn't about typical market moves like earnings, stock buybacks, mergers, or even IPOs. It's about a recurring stock market event that most investors are completely unaware of. One that Yahoo Finance says can "send stocks soaring." My system, perfected over the years, is the key to capturing these explosive single-day winners. And with the next critical event just around the corner, your timing couldn't be any better. Let me be clear: This window for capturing these massive one-day profits is quickly closing. I can't stress this enough — don't sleep on this. Being positioned before this event is crucial for capturing these extraordinary one-day stock returns. 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