Oil Prices Today: Breaking $80 Crude

I wouldn’t be surprised in the least if oil continues running... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy Oil Prices Today: Breaking $80 Crude Keith Kohl | Aug 13, 2024 Oil prices today are climbing again, this time breaking above $80 per barrel. Truth be told, I wouldn’t be surprised in the least if oil continues running by the time you read this. The blood still hasn’t been mopped up from last week’s market rout. I can only hope that you saw the same [buying opportunity created from the market crash]( that I did. The moment oil prices threatened to fall below $70 per barrel — during a time of the year when demand is at its greatest — it really was a no-brainer. Remember, U.S. gasoline demand hit a post-pandemic high of 9.4 million barrels per day in May, and our petroleum consumption is nearly 21 million barrels per day. At that point, it was like shooting fish in a barrel. The hard part is figuring out what comes next… [oil prices 2] 200x Stronger Than Steel, Harder Than a Diamond It may not look like much... [graphene] But this substance is 200x stronger than steel... Harder than a diamond... And it can withstand heat of up to 1,300 degrees Fahrenheit. Yet, it’s super light. A sheet big enough to cover an entire NFL football field weighs just 2 grams. Companies in the battery, energy, defense, electronics, medicine, electric vehicles, or mining industries... They are about to spend hundreds of billions on this material. Alex Koyfman discovered the sub-$1 stock that’s perfectly positioned to capture this torrent of cash. This off-the-radar firm owns the patent-protected technology to produce an abundance of this amazing substance. This is the kind of play that could place you firmly within the nation’s 1%. But it’s vital you act before October 18. That’s when this opportunity could be gone for good. [Get all the details here.]( As the world awaits Iran’s response to Israel’s assassination of Ismail Haniyeh, your guess is as good as mine as to when will happen. According to most reports, the best we can say is: Soon. That upcoming strike alone could spike crude prices; depending on its severity, we could very well see oil make a run for $90/bbl! But geopolitical volatility is just a wild card for oil markets and NOT the fundamental driver behind prices. At some point over the next few years, we’re going to find out exactly who still holds the delusion that demand growth is stagnant. We know that some forecasts are continually being revised by groups like the International Energy Agency and the U.S. Energy Information Administration. Both have been low-balling projections and perhaps hoping nobody else notices when they go back and change them. But are we finally starting to see the bullish side of the fence start to crack? Maybe. Climate FAIL Means "Free" Cash for Americans Our government has pledged to install 500,000 new EV chargers nationwide as part of their "2030 climate goals"... But they’ve just realized they don’t have the resources to do so! As a result, the White House has been forced to pay a HUGE sum to a small clique of “special companies” — so they can get the job done on time. The only caveat? These special companies MUST share their profits with everyday Americans like you. If you know how to claim a slice of this bounty, you could make up to $34,200 in easy, passive income this year. [I’ll show you everything you need to know right here.]( This week, OPEC members said it was revising its demand growth forecasts to 2.11 million barrels per day in 2024; this is compared to the 2.25 million barrels per day it previously forecasted. With Q1 and Q2 data in hand, the oil cartel believes global demand will reach 104.3 million barrels per day this year. What made OPEC change its mind and adjust its forecast? The reason for the revision is the expectation that China’s economy is slowing, putting pressure on the country’s demand for crude. Thing is, there wouldn’t be many concerned investors if global oil demand only grew by 2.1 million barrels per day. Meanwhile, OPEC members have been pumping more oil out of the ground, with the 12 countries adding 185,000 barrels per day to their June production. Softer Chinese demand and higher output — this seems like the last thing we’d want to see out of OPEC, right? Let’s keep in mind that even though OPEC has opened the door to reigning-in some of its output cuts next year, I wouldn’t make the mistake in thinking that OPEC won’t defend $80/bbl oil. Spoiler alert: They will. So here we find ourselves heading down the second half of 2024 with stagnant flat growth in the U.S., more inventory draws ahead, and a new major player on the oil stage in India. It’s still a no-brainer. [And THIS is how my readers and I will stay ahead of the herd.]( Until next time, [Keith Kohl Signature] Keith Kohl [[follow basic]Check us out on YouTube!]( A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of [Energy & Capital](, as well as the investment director of Angel Publishing's [Energy Investor]( and [Technology and Opportunity](. For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology. Keith’s keen trading acumen and investment research also extend all the way into the complex biotech sector, where he and his readers take advantage of the newest and most groundbreaking medical therapies being developed by nearly 1,000 biotech companies. His network includes hundreds of experts, from M.D.s and Ph.D.s to lab scientists grinding out the latest medical technology and treatments. You can join his vast investment community and target the most profitable biotech stocks in Keith’s [Topline Trader]( advisory newsletter. [Fb]( [Li]( [Tw]( This email was sent to {EMAIL}. 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