Yesterday, on the back of some news about the falling efficacy of the Moderna vaccine…
Alongside the new Omicron variant of the virus...
Oil posted some of its steepest declines since spring 2020
As usual, the news media headlines are screaming bloody murder about such a long drop…
Which only leads to even more selling, of course.
But you should be thanking big pharma and the WHO for this. They might have just handed you a HUGE opportunity.
You see, I’m VERY bullish on oil.
Here’s where I think WTI will go:
My reasoning is simple:
The world tried to shift too fast to green energy without accounting for post-pandemic demand surges…
And without realizing just how much we depend on fossil fuels such as oil.
Yes, the Omicron variant is out there. Yes, the WHO recommended people aged 60+ should postpone travel for the time being.
That said, we don’t have much data on it yet…
But the preliminary data shows this variant could potentially not be that bad.
Plus, the US president emphasized vaccines and testing, indicating lockdowns aren’t going to happen again.
And, at this point, I think people are sick of being cooped up inside all the time.
So overall, I firmly believe oil’s going to continue upwards.
These short-term, knee-jerk reactions are nothing more than great entry points into the oil market.
Now that I’ve shown you the evidence for oil’s bull case, let me give you a free stock pick:
Occidental Petroleum Corporation (OXY), an American hydrocarbon exploration and petrochemical manufacturing firm:
As you can see, we’ve got some juicy profit targets here into the summer and beyond.
But OXY’s just one play among many.
I’ve got plenty more energy picks inside my Profit Flow Group community.
We’re riding the energy crunch to massive profit potential…
FYI:
On the topic of energy…
Let me show you how I trade Tesla.
