Texas Oil’s latest revival
Take a look at this image:
What comes to mind?
After posing this question to a few colleagues, I was inundated with a wide range of answers, the most common being that it was tracking a weather system inside the United States.
A clever friend even recognized a few counties in Texas, but was sure it was a picture of a brewing storm.
When I quickly informed him that it had nothing to do with weather, he was just as perplexed as the others.
“It’s a storm, okay,” I told him, “but it’s going to be one of the most profitable in history.”
What you see above is a map of licensed and completed wells in one of the biggest oil hotspots on the planet.
You see, spread over an area approximately 250 miles wide and 300 miles long, 44% of all crude oil in the United States is extracted from over 7,000 oil fields.
It’s located right in the heart of the Lone Star State, and right now that oil field is on fire.
In fact, more oil is flowing out of the Permian Basin right now than ever before.
And it couldn’t have come at a better time.
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Three essential Permian oil stocks
Let’s be honest with ourselves: whenever you hear a parrot pundit ignoring ‘Putin’s soaring gas prices’, it’s safe to throw away whatever follows it.
Of course, if we were talking about LNG — and more specifically the future price that Europe will now pay – then we would have a much stronger argument to make regarding Putin’s guilt.
After all, threatening to shut down gas pipelines from Russia to Europe would be a damn good reason to look elsewhere for your natural gas.
But we are not talking about natural gas. And like it or not, Russian oil will come to market, regardless of the bans. China had no qualms about buying Iranian crude with heavy US sanctions imposed on Iran’s oil industry; President Xi will be more than happy to buy Putin’s oil at a discount.
And while geopolitical volatility played a central role earlier this year in keeping oil prices inflated, the only people left to blame for our current situation are ourselves.
Not only have we had months of triple-digit oil prices ahead of the 2022 summer driving season, the fundamentals are extremely bullish right now.
Keep in mind that gasoline inventories are well below the five-year average and demand is just starting to pick up.
Like I said before, there’s a perfect storm raging, and things will get worse before they get better…
Much, much worse.
No matter how hard people try, nothing can stop this bull run. The only thing that can stop this incredible momentum for oil is demand destruction – and we don’t see that yet.
All you can do is enjoy or walk away.
Fortunately, I know exactly which one you prefer.
The hardest part is not understanding that there are still plenty of oil profits to come this summer, but rather where these hidden oil gems can still be found.
Well, let me give you a good faith cheat sheet.
My readers and I are betting on three “must have” oil stocks in the Permian Basin. And while each is making record-breaking earnings in their respective industry, you’d be very surprised by our first coin.
You see, not only is he a top Permian driller who has been grossly overlooked by Wall Street throughout this boom, but he’s one of the few oil drillers I trust to profit no matter which direction oil prices are heading!
In fact, it was one of the few oil stocks in the market today that made money when oil prices were very cheap.
You need to check this one out for yourself right away.
Until next time,
A true insider to the technology and energy markets, Keith’s research has helped everyday investors capitalize on the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as Editor-in-Chief of Energy & Capital, as well as Chief Investment Officer of Angel Publishing’s Energy Investor and Technology and Opportunity.
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