To Those Saying the "Green Bubble" Popped...

Here’s what to expect in the years ahead. Published By Money & Markets, LLC. October 22, 2024 Published By Money & Markets, LLC. October 22, 2024 [Turn Your Images On] [Turn Your Images On] From The Desk of [Adam O'Dell]( Editor, [Money & Markets Daily]( To Those Saying the "Green Bubble" Popped… Money & Markets Daily, During his 2020 presidential campaign, then-candidate Joe Biden made “green” energy a central focus. He pledged to invest over $2 trillion into renewable energy infrastructure during his first four years in office, create millions of new jobs and put America on the path to cut emissions by half before the end of the decade. Green and renewable energy were a central focus for millions of voters at the time. Electric vehicle (EV) sales were on the rise, and Tesla was quickly becoming one of the hottest car brands on the block. Lawmakers even proposed a “Green New Deal,” designed to replicate the successful and massive infrastructure investment of Franklin D. Roosevelt’s massive Depression-era program. Many, including Biden, believed that shaking off America’s addiction to foreign oil was only a matter of time and discipline. In reality, Biden’s climate agenda stalled during his first year in office. His administration has approved even more new oil and gas drilling permits than former President Donald Trump's. It would be easy to blame Biden for this shortcoming, to slap an “I did that!” sticker on his green energy policy and call it a day. But in reality, Biden’s track record on green energy is actually the byproduct of a much larger mega trend — one we’ve been following here at Money & Marketsfor years now… --------------------------------------------------------------- From our Partners at Banyan Hill Publishing. [Important for Money & Markets Readers]( For the past several months Ian King has been researching two of the most important, most transformative technologies in the history of the markets...  And – in what may be the first time ever – these two powerful technologies are coming together to create a uniquely lucrative opportunity.  And this Thursday, October 24th at 2pm... Ian is hosting a special presentation he calls The 100X Convergence... Where he's going public for the first time with the details. The event on Thursday is a private, invitation-only presentation of my 100X Convergence event. [Click here now and claim your invitation now.]( By clicking the link above, you will be automatically registered for Ian King’s 100X Convergence event. By reserving your spot, you will receive event updates and offers. We will not share your email address with anyone. And you can opt out at any time. [Privacy Policy](. --------------------------------------------------------------- The Ongoing Global Energy War For most of the last decade, the prevailing wisdom has dictated that renewable energy sources (solar, wind, geothermal, etc.) will gradually replace fossil fuels. This transformation will, in turn, help America’s economy wean off its addiction to foreign oil. It’s a “big picture” idea that makes sense conceptually. But when it comes to the $6 trillion global energy industry, things are never that tidy… For example, here are just a few of the truly Earth-changing events that have played out in the energy industry since the last presidential election: - Russia invaded continental Europe (Ukraine) in February 2022, leading to a raft of sanctions and trade restrictions that have lasted more than two years now… - Houthi pirates have continually targeted Red Sea trade routes with missile attacks, forcing oil tankers to redirect and add thousands of miles to their routes… - America’s shale oil and gas industry is enjoying a miraculous boom, making America the world’s largest producer of crude oil… - Major tech companies like Google, Amazon and Microsoft have begun inking deals for nuclear energy to fuel their power-hungry artificial intelligence (AI) research… These massive geopolitical fluctuations have drawn a great deal of attention and interest away from renewable energy investing… Instead, some of the Biden administration’s biggest spending bills have been directed toward bringing critical semiconductor production back to America (the CHIPS Act) or simply maintaining our country’s ailing roads and infrastructure (the Infrastructure Act). And as we look forward to the next presidential term — be it Republican or Democrat — Wall Street has already decided what they’re expecting… Wall Street Believes the “Green Bubble” Has Already Popped A recent Bloomberg study evaluated the portfolios of hedge funds that focus on the energy sector. While the funds were clearly mixed on oil and gas investing, they were bearish on green stocks. As you can see in the charts below, a greater percentage of these funds were net short (red line) on green energy versus net long (blue line): [Turn Your Images On] [(Click here to view larger image.)]( Bloomberg’s study highlighted one specific hedge fund, Impax Asset Management, which, with its clean energy transition-focused portfolio, previously reached a valuation of $50 billion. Since 2021, Impax has seen its value collapse by more than half. Fund managers point to a hostile political environment, the broader failure of ESG efforts, and a tense geopolitical environment as causes for the shortcomings of green energy stocks. In other words, Wall Street is echoing the sentiment I’ve been sharing here for years now… This “Energy War” isn’t going to be over tomorrow. It won’t be over next year, and it likely won’t be over in the next 10 years. In reality, we’re going to see the continuing transformation of the $6 trillion energy industry for decades to come. That’s why it’s pointless to pick one side or the other. In recent years, I've led my subscribers into incredible opportunities on both sides of the energy "fight." Anyone choosing to invest in just one side of the energy sector is missing the big picture. Untold billions of dollars are pouring into both industries simultaneously. And the demand for any energy, no matter its source, is accelerating. To good profits, [Adam O'Dell]( Editor, [Money & Markets Daily]( --------------------------------------------------------------- [Turn Your Images On]( From our Partners at NewMarket. [[RFK, Jr.'s Bombshell] Could this upend the '24 election?]( If RFK, Jr. is right – it doesn’t matter who wins in November—[this senior crisis will impact retired Americans in 2024 and beyond](. And it could mean [over 53,000 senior citizens]( are dead by Election Day... It's urgent that you [click here and watch now]( to help spread the word. --------------------------------------------------------------- Check Out More From Money & Markets Daily: - [CAN THE S&P HIT 6,000 IN 2024?]( - [HOW NETFLIX STOCK RATES AFTER ITS 10% EARNINGS POP]( - [SHOULD YOU BUY THE BIG BANK EARNINGS BLOWOUT?]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, 702 Cathedral Street, Baltimore, MD 21201. 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It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. 702 Cathedral Street, Baltimore, MD 21201. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe](