Check Out This Scary Chart

Lately, market analyst Christian DeHaemer has been buying up oil companies, and you should too. If you like pipelines and fat dividends, you might take a look at some of his stock picks... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy Check Out This Scary Chart Christian DeHaemer | Sep 12, 2023 Over the weekend, we had some family and friends over to grill some burgers and eat some crabs. As often happens at these things, they asked me about the state of the market and what's looking good for the next quarter. As always, since I don’t know anything about their personal financial status, how much risk they should assume, or how much work they want to do, I tell them to buy low-cost index funds. But many people, like you, want to do a bit better than the average and are willing to do some research and take some risk. I mean, if you have some strong evidence that oil stocks should outperform over the next six months, you should buy up oil stocks before it happens. Chart of Profits Here is a chart put out by BofA Global Research. It shows that U.S. crude inventories are at lows last seen in 1982. We usually have 65 days of inventory. Right now, we have just 46 days until the oil runs out. [invchart] Goldman Sachs: AI a "$7 Trillion Opportunity" Banking giant Goldman Sachs just said... That the artificial intelligence (AI) market could be worth $7 trillion in just a few years. And one former Wall Street analysts predicts it could hand you 5,300% profits — thanks to one little-known stock. That’s because this tiny firm holds over 200 patents on an AI breakthrough... One that will be in 70% of cars, 80% of hospitals, and 94% of corporations. To discover the details... [Simply click here.]( As I write this, the price of WTI is at $87.53 a barrel, and Brent is at $90.74 a barrel. Back in June, WTI dipped below $70. That downtrend has now reversed. Supplies are low because President Biden pulled oil out of the SPR in a gambit to win the midterm elections. This worked, but it was a one-off deal; it won’t happen again. I doubt the government will start buying oil in earnest to refill the SPR, but it can’t sell much more. Inventories are also low because for the past eight years or so banks have been unwilling to lend for new drilling and exploration. This is a backlash to a lot of bad loans that never turned a profit during the boom fracking years. Furthermore, the political will is against new drilling, so permits get mired in red tape and fewer people are willing to take the risk in the hunt for black gold. On top of this, OPEC and Russia have announced steep production cuts that will continue at least until the end of 2023. [QUIZ] 46 BILLION Barrels of Oil?! A massive $5.9 trillion oil boom is about to take place. Three tiny companies just acquired the rights to mine an untapped patch holding 46 billion barrels of oil in a mystery location... And it even has the potential to reach $9 trillion in value if prices reach $200 per barrel! So which country do you think will lead this upcoming oil surge? - Venezuela - Saudi Arabia - Canada - Russia Think you know the answer? [See if you’re right!]( We Demand Oil On the demand side, the IEA reported that world oil demand is hitting new record highs, boosted by strong summer travel, an increase in oil use for power generation, and surging Chinese petrochemical activity. And it's not just the U.S. — the IEA says oil inventory levels are low worldwide. Lately I’ve been buying up oil companies, and you should too. If you like pipelines and fat dividends, you might take a look at Enterprise Products Partners (NYSE: EPD), which has a P/E of 10.85 and pays a 7.5% dividend. The chart is in an ascending triangle and looks like it will break out at any moment. You might also like MPLX LP (NYSE: MPLX). It's another pipeline and storage company for oil and natural gas. The company has a P/E of 8.78 and pays a dividend of 8.94%. Or you could buy the best oil and natural gas company on Earth, ExxonMobil (NYSE: XOM). This blue chip energy stock has a P/E of 9 and pays a 3.15% dividend. All the best, [Christian DeHaemer Signature] Christian DeHaemer [[follow basic]Check us out on YouTube!]( Christian is the founder of [Bull and Bust Report]( and an editor at [Energy and Capital](. For more on Christian, see his editor's [page](. [Fb]( [Li]( [Tw]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy [here](. Energy and Capital, Copyright © 3 East Read Street, Baltimore, MD 21202. Please note: It is not our intention to send email to anyone who doesn't want it. If you're not sure why you're getting this e-letter, or no longer wish to receive it, get more info [here]( including our privacy policy and information on how to manage your subscription. If you are interested in our other publications, please call our customer service team at [1-877-303-4529](tel:/18773034529).