Russia Would Like to Give You a Gift

Investors should use today's drop as another opportunity to add to their energy positions. Investors should use today's drop as another opportunity to add to their energy positions. [Energy and Capital logo] Russia Would Like to Give You a Gift [Luke Burgess Photo] By [Luke Burgess]( Written Mar. 06, 2020 God bless the Russkies... Oil prices continued heading lower on Friday as OPEC failed to convince Russia to agree to the additional production cuts the cartel was hoping for. Reuters reported overnight that a "high-level Russian source" told the news agency, “Moscow would not back an OPEC call for extra reductions in oil output and would only agree to extending existing OPEC+ cuts.” OPEC was reportedly looking for a production cut of an additional 1.5 million barrels per day (bpd) through the rest of the year, with non-OPEC states contributing 500,000 bpd to the overall curb. Earlier this week, it was reported OPEC was hoping for a cut of 1.2 million bpd. The newest deal, however, would mean an output cut totaling 3.6 million bpd, or about 3.6% of global supply. But Russia wasn't having it. As a result, Brent Crude for May delivery was down $2.28 (4.56%) to $47.71 per barrel, it's lowest level in almost three years. Meanwhile, WTI for front-month delivery fell $1.97 (4.29%) to $43.93/bbl. So is oil still a “screaming buy” as I wrote on Monday? Yes, absolutely. Attention: The Next FAANG Is Here! Did you miss out on the FAANG stock bonanza and its 2,580% profit explosion? That’s okay. Now comes the Next Big Thing... your chance to become $150,000 richer. [Click here for urgent details.]( We're Not Shook When I wrote to you on Monday, the price of WTI was just over $45/bbl. So oil prices really are not that much lower than they are today. The price of oil started to recover through Wednesday but then began to fall again along with stocks as continued economic fears stemming from both global recessions and coronavirus concerns weighed down on the market (more on nCov at the end of this article). [oil3/20]Source: barchart.com But here's the thing folks: in the big picture, we don't need to be worried about these kinds of short-term movements. In fact, we should celebrate them. As I said on Monday, crude oil is still absolutely necessary to global economies and markets. That hasn't changed. While OPEC and its allies may continue to squabble in the short-term over who is going to make cuts and by how much, the long-term demand for oil demand remains stable. According to the IMF, IEA, EIA, and every other major energy agency, oil consumption will continue to grow through at least 2040. Global recessions or viruses do nothing in the way of slowing crude demand over the long-term. Is that just wishful thinking? No. And the futures market agrees. After falling into backwardation in February, WTI futures are now back in contango — suggesting higher prices over the coming months and years. Take a look at futures contracts through 2026: [wtifutures3/20]Source: barchart.com Brent futures are the same — also now back in contango. China and Trump in deathmatch over this “miracle metal” A battle supreme is brewing over a crucial “miracle metal.” It’s got China and President Trump whipped up into a frenzy. It’s got Apple, Tesla, Samsung, and other tech giants shaking in their boots. And it’s got America’s economic independence and national security in its crosshairs. But [one well-positioned company]( is ready to save the day. It’s already beginning to hit pay dirt. And once it starts making its move, it’s set to shoot skyward at lightning-bolt speed. If you act quickly, you can beat Wall Street to the punch... while it’s still a once-in-a-lifetime bargain. [Get all the details here right now.]( In the short-term, there's no telling where oil prices will bottom. But you can be absolutely certain they will, in fact, bottom sooner than later. Investors should use today's drop as another opportunity to add to their energy positions. And gratitude should go out to Russia for being hardheaded. They just provided us with a great opportunity to own one of the world's most important assets at a discount price. So to Russia, I say, большое Вам спасибо. The next round of vodka and pickles is on me. A quick word on coronavirus before I leave you today... While the mainstream media continues to stir fears surrounding the virus, I think it's very important to remember there are more closed cases than active cases now. The media will very likely sensationalize nCov today as the total number of reported cases crosses 100,000. That's what they do — fear and anger are the two biggest emotions the mainstream media uses to get your attention. What they're not telling you about nCov, however, is that nearly 60,000 of those reported cases have been resolved, with 94% either recovered or discharged. [ncov3/20]Source: worldometers.info Moreover, they're not telling that the majority of people killed by nCov have either been very elderly or had pre-existing conditions. I write this to you, as the first three cases of coronavirus were confirmed in my home state of Maryland last night. And according to reports, those three cases are being treated less than two miles from my house. Call it optimism bias if you will. But I'm not shook by this in the least bit. Until next time, [Luke Burgess Signature] Luke Burgess As an editor at Energy and Capital, Luke’s analysis and market research reach hundreds of thousands of investors every day. Luke is also a contributing editor of Angel Publishing’s Bull and Bust Report newsletter. There, he helps investors in leveraging the future supply-demand imbalance that he believes could be key to a cyclical upswing in the hard asset markets. For more on Luke, go to his [editor’s page](. Sony’s Flagship 5G Phone 199 million phones are expected to ship this year, and Sony wants the lion’s share of sales.

 Not to be out-done, the tech conglomerate debuted its Xperia One, Mark II smartphone designed with first-of-its-kind camera lenses.

 Not only will the Mark II bring new meaning to content creation, but the device is 5G-connected.

 Mitsuya Kishida, President of Sony’s Mobile Communications, said it best:

 “Whether you are a broadcast professional who requires dynamic speed or an everyday user who desires enhanced entertainment, Xperia with 5G takes your mobile experience to the next level.” Sony’s competitors aren’t far behind at all. Sprint, T-Mobile, and Verizon will each have 5G networks up and running this year. 

Industries from telecommunications to health care and many others are all upgrading their networks with 5G, but I won’t be investing in these companies. I found a tiny company that will make a ton of money off the upgrades from these conglomerates. Here’s your chance to still get in on this early… but you must [click here now](! Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [What Investors Should Know About Socialism in the White House]( [Investing in Oil Has Changed, Will You Sink or Swim?]( [Even a Dead Cat Will Bounce If You Drop It From High Enough…]( [Oil is a Screaming Buy]( [Chaos, Panic, Blood, and an Opportunity With an Oil Driller]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. To ensure that you receive future issues of Energy and Capital, please add newsletter@energyandcapital.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. [Energy and Capital](, Copyright © 2020, [Angel Publishing LLC](. All rights reserved. 111 Market Place #720 Baltimore, MD 21202. The content of this site may not be redistributed without the express written consent of Angel Publishing. Individual editorials, articles and essays appearing on this site may be republished, but only with full attribution of both the author and Energy and Capital as well as a link to www.energyandcapital.com. Your privacy is important to us -- we will never rent or sell your e-mail or personal information. Please read our [Privacy Policy](. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. While we believe the sources of information to be reliable, we in no way represent or guarantee the accuracy of the statements made herein. [Energy and Capital]( does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. The publisher, editors and consultants of Angel Publishing may actively trade in the investments discussed in this publication. They may have substantial positions in the securities recommended and may increase or decrease such positions without notice. Neither the publisher nor the editors are registered investment advisors. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question.