Tuesday, July 12, 2022

Oil: $380 per Barrel?!

Shield

AN OXFORD CLUB PUBLICATION

Wealthy Retirement

View in browser

SPONSORED

Stocks Could Crash on July 19 at 4:00 p.m. ET

The number of Nasdaq stocks down 50% or more has now hit a near record. And on July 19, it could get worse - much worse. At 4:00 p.m. ET that day, one of America's most beloved firms will make an announcement that could send it plummeting. And take down hundreds of other stocks with it. The man who called the 2020 Crash is posting a new public warning here.

Russia Could Still Cripple the Global Economy

Jody Chudley, Contributing Analyst, The Oxford Club

Jody Chudley

I don't mean to frighten you, but at least one Wall Street bank believes that we're looking at the possibility of oil reaching $380 per barrel.

The bank isn't wrong...

President Biden recently proposed to the G7 leaders that they should place a price cap on Russian oil to cut Russia's oil revenue stream and reduce the country's ability to fund its invasion of Ukraine.

But this move could backfire.

Russian President Vladimir Putin could retaliate by cutting off Russian oil exports to much of the global market.

If you take any significant percentage of Russian oil out of the global market, oil prices will skyrocket.

There's simply no replacement for Russian oil.

Here's what you can do in case such a situation arises...

Get My Thoughts on Oil Stocks

SPONSORED

Author of Get Rich with Dividends Is Giving Away His Ultimate Dividend Package FOR FREE!

Click Here to Get Marc Lichtenfeld's Ultimate Dividend Package, Including Details on His #1 Dividend Stock... the Safest 8% Dividend in the World... the Top Three "Extreme Dividend" Stocks... and Much, Much More. For Free.

SPONSORED

Why This $2 "Next Gen Crypto" Could Be Bigger Than Bitcoin

EKCoin
 

The Wall Street Journal Calls It the "Latest Cryptocurrency to Surge."

Here's Why It Could Be Bigger Than Bitcoin.

No comments:

Post a Comment

Elon Musk’s ‘Essential’ AI Partner—Revealed

Imagine being able to invest in Tesla, PayPal, or SpaceX before the world knew their potential. ...