MAY 2, 2018
LET ME BE CLEAR: This is the One True Power Behind the Price of Oil (more important than OPEC, Russia, and this Iran Nuclear Debacle)
Dear Oil & Energy Investor,
As you saw yesterday in Oil & energy Investor, the messy truth behind this Iranian nuclear chaos is beginning to impact oil.
The general consensus is that President Trump will pull out of the Iran nuclear deal (more on my thoughts on that towards the end). You might be wondering what that means for your oil investments.
The simple solution is that that oil prices will forge ahead with great momentum.
And yesterday, I explained why that may be true. Case-in-point: When Israeli Prime Minister Benjamin Netanyahu gave his PowerPoint presentation asserting that Iran lied about never pursing nuclear weapons, oil reacted quite predictably.
Crude surged, with WTI spiking to $69 per barrel.
And Brent soared higher yet... to $75.
But, if you remember from my article yesterday, I also emphasized why this is not a black-and-white matter. Rather, I'm anticipating a whipsaw effect - higher highs and lower lows.
We have until May 12th to see how the Iranian factor plays out
In the meantime, oil prices are slipping on an increase in crude inventories here in the U.S.
Just yesterday, the American Petroleum Institute reported a stark 3.43-million-barrel increase. And the Energy Information Administration estimated a 6.2-million-barrel increase last week alone.
WTI is right around $67 and Brent is hovering in the $72 range as I write this.
But, again, you have to remember what I said yesterday.
Predictability is more important than anything else. And President Trump is certainly not the most predictable president we've ever had, so it's not 100% certain that he will back out of this deal.
In fact, he may just amend the deal in some form or another. We'll see soon enough.
But, the one thing you can definitely count on is this one catalyst that will send oil prices soaring - nearly 50% from current levels - in spite of all the unpredictable happenings in the world right now.
Full details on this explosive development right here.
Sincerely,
Kent
LET ME BE CLEAR: This is the One True Power Behind the Price of Oil (more important than OPEC, Russia, and this Iran Nuclear Debacle)
Dear Oil & Energy Investor,
| KENT'S PREMIUM SERVICES Energy Advantage The $2 Trillion Saudi IPO Wealth Action Plan Energy Inner Circle Time to Ride the On-Demand LNG Bonanza Micro Energy Trader How We're Going to Play This $1.7 Billion Merger | |
The general consensus is that President Trump will pull out of the Iran nuclear deal (more on my thoughts on that towards the end). You might be wondering what that means for your oil investments.
The simple solution is that that oil prices will forge ahead with great momentum.
And yesterday, I explained why that may be true. Case-in-point: When Israeli Prime Minister Benjamin Netanyahu gave his PowerPoint presentation asserting that Iran lied about never pursing nuclear weapons, oil reacted quite predictably.
Crude surged, with WTI spiking to $69 per barrel.
And Brent soared higher yet... to $75.
But, if you remember from my article yesterday, I also emphasized why this is not a black-and-white matter. Rather, I'm anticipating a whipsaw effect - higher highs and lower lows.
We have until May 12th to see how the Iranian factor plays out
In the meantime, oil prices are slipping on an increase in crude inventories here in the U.S.
Just yesterday, the American Petroleum Institute reported a stark 3.43-million-barrel increase. And the Energy Information Administration estimated a 6.2-million-barrel increase last week alone.
WTI is right around $67 and Brent is hovering in the $72 range as I write this.
But, again, you have to remember what I said yesterday.
Predictability is more important than anything else. And President Trump is certainly not the most predictable president we've ever had, so it's not 100% certain that he will back out of this deal.
In fact, he may just amend the deal in some form or another. We'll see soon enough.
But, the one thing you can definitely count on is this one catalyst that will send oil prices soaring - nearly 50% from current levels - in spite of all the unpredictable happenings in the world right now.
Full details on this explosive development right here.
Sincerely,
Kent
