Just so I’m upfront and honest with you, this is purely my opinion based on generally accessible facts and my interpretation of what’s been portrayed.
Why do I have to start this article off this way?
Because we all know much of the information out there is designed not only to mislead us but also changes as it travels through various media channels.
So, with that said, here are three reasons why I believe the so-called energy crisis is man-made…
The Loss of Our Energy Independence
First, surrendering the “energy independence” that the current administration acquired when it took office was a disaster of a decision.
The “green new deal” is not a light switch that can be flicked on and off.
If a nation could have one thing, above anything else, that one thing should be energy independence.
We finally for the first time in the history of our country’s existence had that under the prior administration.
If you control the “go-go juice,” you control everything. Because nothing exists without it!
The Abandonment of the Keystone Pipeline
Second, stopping the completion of the Keystone pipeline was also another devastating blow to the energy sector as a whole.
The use of oil isn’t going away during the lifetimes of anyone reading this article today.
The Keystone pipeline was meant to be a vital way for raw crude to be moved safely.
This circles right back to having energy independence. It’s an absolute must!
Starting a project like this and then abandoning it is not only a slap in the face of every taxpayer in the country, but it’s also reckless on so many levels.
Third, drilling leases. Many oil companies don’t want to drill here after all the overregulation that has been put on them over the decades.
It’s become too expensive to extract oil on American soil, and that’s a result of the government.
Drilling leases not only became so expensive due to over regulation, but drillers were sent home.
All those folks who did that back-breaking job during the pandemic when you didn’t need their services likely have decided to move on and do something else with their lives.
Perhaps they’ve moved on to warehouse jobs that were more in-demand and aren’t coming back? It’s my understanding that the manpower no longer exists.
Beyond these factors, the current administration is questioning the profits of the oil companies based on a situation the government themselves have created.
Under its latest proposal, the administration wants to fine any oil company that holds a lease and isn’t actively drilling.
The Moral of the Story
The government creates a problem then tries to hold the private companies responsible for it.
Regardless of which side of the aisle you sit on politically, it’s bad governance that has put us where we are…
This sector of the market is my specialty, and I’m here to help you navigate the changing energy market landscape.
I’ve been trading energy for about a decade. Many told me that I was trading a sunsetting sector… Energy was dead and had no future.
Well, as I’ve said before, energy is and always will be the future.
If you’d like to learn more about my approach, I highly encourage you to check out my premium trading service, The Speciale Report, which focuses exclusively on the crude oil markets.
We trade it in the futures, ETF and options markets, all of which give members the opportunity to trade at their comfort level.
That’s the beauty of The Speciale Report’s trade ideas… We accommodate all styles of traders. There’s really something for everyone.
Rules to Live By
“If you can’t fly then run, if you can’t run then walk, if you can’t walk then crawl, but whatever you do, you have to keep moving forward.” Martin Luther King Jr.
Until next time, I wish you a beautiful and blessed day!
Yours In Trading Success,
Anthony Speciale Jr.