Editor's Note: With the markets suffering losses this year, we want to make sure you have every tool at your disposal when it comes to protecting your assets and profiting for the rest of 2022. In the article below, my colleague Alexander Green, the Chief Investment Strategist at The Oxford Club, talks about an urgent opportunity you won't want to overlook. In it he writes about Vladimir Putin's poor decisions during the Russia-Ukraine conflict and what they could mean for energy stocks moving forward. Click here to watch his full interview on the subject with Bob Paff. - Ryan Fitzwater, Associate Publisher Alexander Green, Chief Investment Strategist, The Oxford Club Vladimir Putin has made a lot of mistakes in his life. But on February 24, he made his greatest blunder. And possibly his last. That was the day the Russian president ordered the invasion of Ukraine. Eight months into an unnecessary and unjustifiable war, here's the bottom line... Putin has gutted the Russian military, crippled the Russian economy, tanked the Russian currency, weakened Russia's partnership with China, alienated Russian trading partners and caused a stampede of draft-eligible men out of the country. Rather than snuffing out Ukrainian independence, he has fortified and ennobled it. Rather than weakening NATO, he made the alliance bigger and stronger than ever. Rather than demonstrating his country's strength, he has shown that the cream of the Russian army can't advance more than a few miles into a neighboring country without losing thousands of tanks, legions of soldiers and many of the country's best generals. His army is retreating in Ukraine. His air force can't fly over the country. And his navy is afraid to approach the shore. The barrage of Russian missiles that have slammed into civilian infrastructure have rightfully branded Putin a terrorist and war criminal. I should also mention that he's threatening to use nuclear weapons. If there is any justice in the world, we will awake one morning to find that Putin has "fallen" from a tall window in Moscow. Aside from the humanitarian crisis he's created in Ukraine, Putin shut off the Nord Stream 1 pipeline to Europe, declaring, "We will not supply gas, oil, coal, heating oil - we will not supply anything." As a result, the cost of natural gas in Europe is up nearly 70-fold from its pre-crisis lows. Goldman Sachs estimates European energy bills will hit $2 trillion in the next year, almost as much as France's entire economy is worth. With winter just around the corner, Europeans are not just worried. They are furious. Not only with Russia but with themselves for becoming dependent on a corrupt autocrat like Vladimir Putin. |
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