Gas Prices Are Insane — but There’s an Alternative

(2-minute read) Gas prices are at a seven-year high. And these high costs aren't going away.

Gas Prices Are Insane — but There's an Alternative By Steve Fernandez Research Analyst, Strategic Fortunes Dear Winning Investor, We’re in the early stages of a global energy crisis. Gasoline prices are at a seven-year high. Surging natural gas prices will make it 30% more expensive to heat your home this winter. And these high costs aren’t going away.   Bank of America expects oil to reach $120 per barrel in 2022. That’s more than 50% higher than its current price. Natural gas forecasts aren’t as grim. But prices should only fall slightly next year. And these scenarios stem from one thing: We have a supply problem. Did the White House Just Trigger an Energy Revolution? The White House may have just issued Big Oil its final deathblow. You see, it just set a target to have 40% of ALL energy running on a revolutionary source — called Infinergy — by 2035. And you have the rare opportunity to invest before this goes mainstream. Time is of the essence, before the Infinergy revolution takes off. Full story here… Energy Companies Are in No Rush The number of operational oil and gas rigs is down 42% from a year ago. Without more drilling activity, supply will remain limited, and prices will stay high.  Higher prices typically lead to a surge in drilling as companies aim to cash in. But energy companies aren’t in a hurry to bring more supply to the market like they were in the past. They have a sour taste in their mouth after demand dried up during the COVID lockdowns. The lack of demand caused the S&P 500 Energy Index’s earnings to plummet. They nosedived from $7.30 per share to negative $46.66 per share in less than a year. So, now, energy companies are being cautious about adding more supply to the market. A Cheaper Way to Power Our World To curb fossil fuel price increases, governments could beef up subsidies. But they already spend over $500 billion per year on fossil fuel subsidies. Plus, they want to reduce the world’s reliance on fossil fuels. Earlier this month, the U.S. and 19 other countries pledged to stop financing fossil fuel projects by the end of 2021. Instead, they’ll fund renewable energy projects. Even if it means higher prices, there’s no way governments will encourage the use of fossil fuels. But renewable energy is already cheaper than fossil fuels for two-thirds of the world’s population. As new data comes out, I expect this number to be even higher. Plus, I’m almost certain renewable energy tax credits will be extended in the future. If you factor tax incentives into the mix, renewable energy gets even cheaper. The Future of Renewable Energy Lower costs are just one reason why Ian King and I are excited about the future of renewable energy. And you now have the chance to get on the ground floor of a new energy revolution. Analysts expect this niche sector to attract $16 trillion in investment over the next decade. Triggering 1,800% growth from where it is now. And one company is at the forefront of it all. You can watch Ian’s brand-new presentation now for more details. Regards, Steve Fernandez Research Analyst, Strategic Fortunes From open till noon Eastern time. Telecom Italia S.p.A. (OTC: TIAOF) is on top of the list again today. Italy’s largest telecom operator is up 29% this morning, continuing its rally from Monday. Here’s what all the fuss is about… China Evergrande New Energy Vehicle Group Ltd. (OTC: EVGRF) is the electric vehicle subsidiary of Chinese property developer Evergrande. The stock soared 28% today on big news. Click here for details… Dycom Industries Inc. (NYSE: DY) offers construction, maintenance and installation services to telecoms and utility companies. It’s up 17% this morning. Here’s why investors are optimistic about DY… Crypto Powers the Largest Crowdfund Ever Did the White House Just Trigger an Energy Revolution? Apple's Big Plans for Our Autonomous Future Infinergy — The Future of Energy?     Privacy Policy Winning Investor Daily, P.O. Box 8378, Delray Beach, FL 33482. To unsubscribe from Winning Investor Daily emails, click here. To ensure that you receive future issues of Winning Investor Daily, please add info@mb.banyanhill.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: http://banyanhill.com/contact-us Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. 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