Wednesday, April 12, 2023

France’s Oil Nightmare

Dear Loyal Reader,

French President Emmanuel Macron has had no shortage of problems recently.

After announcing his decision to raise his country’s retirement age, more than 2 million French people have taken to the streets to protest.

And while France has a long history of political uprising…

One of the things that makes this protest so unique is the fact that several major oil refineries have taken part in the resistance.

It all started back in January when Macron — who was already very unpopular with his constituents — invoked special power to force through legislation that would completely overhaul France’s pension system. Raising the retirement age from 62 to 64.

It’s a brash political move that could affect more than 15 million people today.

That’s why 5 of the major 8 oil refineries have been blocked by workers on strike.

And Exxon Mobile and TotalEnergies have been in constant protest…

This oil protest represents a blockage of 60% of France’s total oil production.

Which has made gas prices rise by as much as two euros, and drained 30% of the country’s fuel stations.

That’s why this whole petroleum fiasco has been called: “France’s oil nightmare.”

Now, I don’t bring this up to get political.

But rather because France’s oil nightmare is indicative of a larger global energy crisis.

In fact, the International Energy Agency is calling this global energy crisis a “historic turning point” for the world’s economy.

That’s why billionaires like Warren Buffett, Ray Dalio and Carl Icahn have recently invested hundreds of millions and even billions of dollars into oil.

And why every major bank and hedge fund on Wall Street has been doubling down on oil. Including Goldman Sachs, JPMorgan, Wells Fargo, BlackRock, Vanguard and Fidelity.

In fact, JPMorgan declares this new oil boom is a SUPER bull for oil and says“an energy revolution is underway.”

And Goldman Sachs is saying “oil will roar higher” — stating this new commodity super bull could easily last a decade.

So for a limited time, Chief Investment Strategist Adam O’Dell is sharing his No. 1 energy stock pick for you to take advantage of today.

It’s a small American energy stock that could hold the key to the U.S.’ oil independence.

Click here to get all the details now.

Regards,

Matthew Clark
Chief Research Analyst, Stock Power Daily


 

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