I had a few folks contact me about my West Coast trip. I can’t give you more details yet, but as I mentioned yesterday, it’s to meet with a new oil and gas startup.
It’s every oil investor’s dream, but with a unique twist we haven’t seen.
That’s why I’m so excited about my trip and I’ll share more as the story unfolds.
But for now, here are my updated thoughts on The Paris Agreement.
For over a decade, you’ve heard that green energy is the “next big thing.”
The asset class is backed by subsidies, ESG mandates, and 193 world governments.
I always thought the whole thing was a sham, and today, the numbers confirm it.
For example, here’s what the mainstream media publishes relative to the…
Cost Per Kilowatt Hour For Energy Sources
At first glance, it looks like the costs for solar and wind have declined drastically.
But these charts have been around since 2007, and as you might guess, the numbers are laughable because they never account for the cost when you include interruptions.
(The sun doesn’t shine daily, and the winds will always die down).
Here’s what the cost looks like when you adjust for mother nature’s interruptions:
See how it looks like we just did a complete 180?
In other words, while oil production just hit an all-time high of 103 million barrels per day, the costs for solar and wind power technology are higher than expected.
You can say we’re comparing apples to oranges, but the numbers don’t lie.
Here’s another reason we’re pouring more cash into oil than ever
As You May Know, Oil Remains The Basis Of The $86
Trillion Global Economy, And To Replace It With A Net Carbon-Free Energy System In 30 Years Is A Tall Order
Especially one that’s been in place for more than 100 years.
We can’t unplug the current energy system until we build or add a new one.
And worse, the petrochemical building blocks for wind and solar power come from oil and gas. So, even environmentalists know there’s no “energy addition” without oil.
In other words, the smarter, more profitable play is still with oil.
That’s why I’m headed out West to look at the private oil startup I mentioned earlier.
Because the political idealism of the “green movement” is running into a brick wall made of math. And for clued-in folks, there’s never been a better time to build wealth with oil.
And remember to watch this exclusive training video of my roadmap.
Original Post Can be Found HERE