The Left’s EV Hoax

There’s a big opportunity here if you know the facts. Published By Prosperity Research September 25, 2024 Published By Prosperity Research September 25, 2024 Huckabee’s Daily Bible Verse My little children, let us not love in word, neither in tongue; but in deed and in truth. ~ 1 John 3:18 The Left’s EV Hoax Prosperity Insider Nation, In a major blow to the Harris campaign, the Teamsters Union announced that for the first time in three decades, it would not endorse a presidential candidate. It’s yet another sign of a massive political realignment thanks to Donald Trump, with the Republicans increasingly seen as the party of working Americans. And the Democrats representing far-left academics, big corporations like the pharmaceutical industry, Hollywood celebrities and Silicon Valley billionaires. Teamsters president [Sean O’Brien even spoke]( at the GOP Convention. Still, the union is getting blasted on social media for not going all the way and endorsing Trump. The excuse was that there was no clear preference among members, but polls showed that rank-and-file Teamsters prefer Trump over Harris by about 2-1. I guess we should be grateful that at least one union leader is taking some baby steps toward reality. Maybe the others will eventually recognize the incalculable damage that Biden-Harris policies have done to union workers — from letting cheap labor pour across the border to exporting jobs to Mexico to forcing automakers to lose billions of dollars making EVs that nobody wants to buy. Well, nobody except Hollywood celebrities and Silicon Valley billionaires. The Dems do know their new target audience… Speaking of the billions wasted on EVs, what does it mean for Main Street investors? Of course, I asked Charles Mizrahi. He knows exactly what it means (he’s been saying it for over two years now) … and it’s creating a big opportunity. See below… [Gov. Mike Huckabee]( Director, Prosperity Research Research Alert: [Election Shocker: Trump Won't See This Coming]( [Turn On Your Images.]( If you suspect Democrats will play dirty games in this election, you are RIGHT! [Executive Order 14019]( has already been called a “planned election interference program.” And it could help democrats “steal” the election from Trump and elect Kamala Harris and Tim Walz, the most radical ticket in America’s history. [Click here to see the details and learn how to prepare for the coming Kamala chaos.]( Drilling for Oil on the New York Stock Exchange [Charles Mizrahi headshot] By [Charles Mizrahi]( Founder, Alpha Investor Over the past two years, I’ve spoken to industry leaders, consultants and CEOs about the future of fossil fuel. Prior to my research, I too was sold on the green energy revolution and how fossil fuel was going to be phased out. They were going to replace it with solar and wind. But despite my aspirations, I soon came to the conclusion that fossil fuel will continue to be in demand for the next decade at a minimum. The alternatives, solar and wind were just too costly and intermittent. In addition, EVs were going to run into a wall … there simply weren’t enough minerals to supply the batteries for all the EVs governments were projecting there would be. I was pretty much alone on this. Many people were telling me I was off my rocker, but I didn’t care. Because when investing, it’s better to lead, not follow. Take positions in stocks based on our facts and analysis, and not based on popularity contests. The facts were telling me that fossil fuel wasn’t going anywhere. And history shows, it’s better to drill for oil on the NYSE… Oil Takeover By 1981, T. Boone Pickens built Mesa Petroleum into the largest independent oil company in the world. And in the early 1980s, he began acquiring other oil and gas companies. His deals were big and audacious. His first major acquisition was Hugoton Production Company, which was 30X the size of Mesa! Pickens attempted buyouts of Cities Services, Gulf Oil, Phillips Petroleum and Unocal. I knew about Pickens when I first started on Wall Street in 1983… He was already a Wall Street legend. Pickens was known as a corporate raider and greenmailer. He would take a large stock position in the target company. Even if he wasn’t successful in acquiring a company outright, he was still able to profit as the stock price of the acquired company would run up. It was after he took over Gulf Oil that he became a household name when he made the cover of Time magazine in March 1985. [Turn Your Images On] In the early 1980s, Pickens was making his money buying stocks in oil companies, not prospecting for oil. When asked why, he said: “It’s cheaper to look for oil on the floor of the New York Stock Exchange than in the ground.” During the 1973 Arab-Israeli war, Arab members of OPEC imposed an embargo on the United States for supporting Israel while it was attacked from the south by Egypt and from the north by Syria on Yom Kippur — the holiest day of the Jewish year. OPEC extended the oil embargo on other countries that supported Israel as well. The embargo banned petroleum exports to these countries and it also cut oil production. The price of oil per barrel quadrupled, rising from $2.90 per barrel before the embargo to $11.65 in January 1974. [Turn Your Images On] [(Click here to view larger image.)]( After peaking in 1980, oil prices started to fall, and so too did the stock prices of oil companies. And that’s where Pickens saw his opportunity. Mr. Market became too pessimistic and was offering oil companies at great prices. Pickens figured out that it was cheaper to buy shares in an oil company, which had extensive oil and gas reserves, than drill for it on his own. The lesson I learned from Pickens was this: When industry insiders start buying their competitors, that’s the time to buy. Because no one knows more about their business than the people running it. If they start buying, stock prices must be cheap. Like Pickens back in the 1980s, oil producers are finding out “it’s cheaper to look for oil on the New York Stock Exchange.” We are starting to see that play out right now… The way I see it, the oil industry is now entering a consolidation phase. That’s why NOW is the time to have a part of your portfolio in energy. Over the next year, we will continue to see more acquisitions among energy companies. If the past is a guide, the acquisitions will happen quickly and prices will soar. Regards, [Charles Mizrahi's Signature] Charles Mizrahi Founder, Alpha Investor Research Alert: [The #1 Energy Passive Income Investment for 2024]( It's not a stock, bond or private company... But this little-known alternative investment could hand you BIG MONTHLY INCOME from the oil and gas surge in 2024. [Click here to find out what it is.]( [Turn Your Images On]( (c) 2024 Prosperity Research. All Rights Reserved. Protected by copyright laws of the United States and international 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 Prosperity Research. 702 Cathedral Street, Baltimore, MD 21201. (TEL: 866-584-4096) [Legal Notice]( The mailbox associated with this email address is not monitored, so please do not reply. 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