JPMorgan: Oil at $380 — What This Could Mean for You

"We have a longer-term problem now…"

Dear VIP Attendee, JPMorgan CEO Jamie Dimon recently turned heads when he said: We have a longer-term problem now because the world is not producing enough oil. Adding that pumping more oil is the best and "only way to protect America's" freedom. And I couldn't agree more. Now, I've been watching oil like a hawk lately. Waiting for the PERFECT time to profit. Because for the first time in 40 years… Oil, the lifeblood of our global economy… Is in short supply. And countries across the globe are scrambling to restock their crude surpluses. That's why Goldman Sachs is now telling investors to prepare for "all-time highs." Promising "oil will roar higher." And we're already seeing America's resurgence in oil begin to skyrocket. With ExxonMobil recently announcing its $60 billion purchase of competitor, Pioneer. Immediately followed by Chevron's $53 billion acquisition of Hess Corporation. But I believe this is just the beginning of a new, multiyear BOOM in oil that we'll see EXPLODE over the next decade. Which could 10X the size of the energy market… And send crude oil prices soaring beyond $100 and even $150 a barrel in the next few months. JPMorgan is even projecting oil at $380 in a worst-case scenario… But my research shows oil is primed to go much higher than that. Reaching an astonishing $500 a barrel. And the rise in oil prices is only set to accelerate over the next few weeks. Because Biden is now restocking the U.S. Strategic Petroleum Reserve. With contracts to buy more than 6 MILLION new barrels by January 31, 2024. And right now, I have my sights set on one key U.S. oil company that is set to surge as this new oil boom takes off. Click here to see how you can profit from the rise in oil today. Regards, Adam O’Dell Chief Investment Strategist, Stock Power Daily Green Zone Fortunes 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. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2023 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471). Remove your email from this list: Click here to Unsubscribe.