{"id":20046,"date":"2022-08-26T07:30:12","date_gmt":"2022-08-26T11:30:12","guid":{"rendered":""},"modified":"2022-08-26T07:30:12","modified_gmt":"2022-08-26T11:30:12","slug":"why-energy-prices-will-soar-again-this-winter","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/why-energy-prices-will-soar-again-this-winter\/","title":{"rendered":"Why Energy Prices Will Soar Again This Winter"},"content":{"rendered":"

Andrew’s Note:<\/strong> Andrew Miller here, managing editor of Market Minute.<\/em><\/p>\n

Nomi Prins is an investigative journalist, best-selling author, and former Goldman Sachs executive who’s been shining a light on Wall Street’s shady practices for nearly two decades.<\/p>\n

Now, Nomi is revealing something the media is keeping quiet – the looming energy crisis. The spiking cost of energy, especially natural gas, will have huge financial repercussions this winter<\/a>. Even Amazon is feeling the burden of it.<\/p>\n

That’s why on Wednesday, August 31 at 8 p.m. ET, Nomi will do a deep dive into the energy crisis and what you can do to prepare your portfolio. Just click here to sign up for the presentation<\/a> before this chance disappears.<\/p>\n

Below, read on to find out why Nomi says that no matter what your views are on environmental matters, there’s still a huge opportunity to profit…<\/p>\n

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It’s been a wild ride for the energy markets this year. But that’s likely to be just the beginning.<\/p>\n

There’s a crucial reason why you need to pay attention to the energy crisis right now…<\/p>\n

See, experts predict we could see an even bigger “energy shock” this winter.<\/p>\n

And if you know where to look, you can protect your portfolio – and profit.<\/p>\n

That’s why on Wednesday, August 31 at 8 p.m. ET, I’m holding an urgent strategy session<\/a>.<\/p>\n

I’ll do a deep dive into the coming “energy shock”… and what you can do to prepare.<\/p>\n

Plus, I’ll share the details on a small, publicly traded firm that could hold the key to solving a major problem in the energy crisis.<\/p>\n

You can reserve your spot for free here<\/a>.<\/p>\n

Until then, read on…<\/p>\n

Below, I’ll tell you what you need to know about the energy markets today. As you’ll see, there’s a global transition happening right now – and it has major implications for investors…<\/p>\n

Global Energy Transition<\/h2>\n

Last October, global governments met in Scotland for the COP26 United Nations Climate Change Conference. There, they agreed on several key climate change and carbon emissions goals.<\/p>\n

Now, I know not everyone feels the same way about climate change.<\/p>\n

But no matter what your views are on environmental matters, what’s coming down the tracks brings with it a huge opportunity to profit…<\/p>\n

See, global governments put a price tag of up to $150 trillion on their plans to reach COP26 goals.<\/p>\n

And this year, the war in Ukraine has been a major catalyst in their push for renewable energy and related technologies.<\/p>\n

In March, the U.S. banned Russian oil, liquefied natural gas, and coal imports.<\/p>\n

And in April, the European Union (EU) followed suit. It proposed a ban on Russian coal imports. That ban went into full effect this month.<\/p>\n

The EU also adopted a partial embargo on Russian oil in June.<\/p>\n

That embargo will ban seaborne imports of Russian crude oil as of December 5. And it will ban petroleum product imports as of February 5, 2023.<\/p>\n

That’s significant. Earlier this year, the EU accounted for 71% of Russian fossil fuel exports.<\/p>\n

If the EU follows through with the oil and petroleum sanctions, that will undoubtedly lead to fuel shortages and price hikes across the bloc.<\/p>\n

That means the EU’s 27 member countries must now find alternative ways to power their economies… and fast.<\/p>\n

But Europeans aren’t the only ones feeling the effects of the energy crisis…<\/p>\n

Here in the U.S., the July Consumer Price Index (CPI) data shows that energy prices have risen by 33% in the last 12 months. Gasoline is up 44%. And fuel oil is up more than 75%.<\/p>\n

And if the EU goes ahead with its Russian oil ban this winter, we can expect further price increases here. That’s because all these sanctions have global ramifications on oil and gas prices.<\/p>\n

So the race to ramp up production from renewable energy sources is on, both here and across the pond…<\/p>\n

Where Public Money Goes, Private Money Follows<\/h2>\n

The world’s governments have accepted that climate change is real. And this is unleashing a massive new investment trend.<\/p>\n

I call that trend New Energy. It’s one of the five distortion profit themes I follow for my readers. And since 2021, it’s gotten a big boost.<\/p>\n

Just take a look at some of the recent numbers…<\/p>\n