I know what you’re thinking — it’s time to buy oil, right?
After all, we just saw WTI crude climb more than 3% to over $123 per barrel yesterday after President Biden formally announced a U.S. ban on importing Russian fuel.
From here on out, we’ll no longer be buying any crude oil, petroleum products, LNG, or coal from Russia.
As the president put it, “Russian oil will no longer be accepted at U.S. ports.”
Not only was the move wildly popular among Americans and both sides of the aisle in Congress, but it was also the right move to make.
What they might not tell you is that Putin must’ve been laughing during the announcement.
How much are we really talking here? Last year, the U.S. imported roughly 672,000 barrels per day in petroleum products, including 199,000 barrels of crude oil per day.
That amounts to roughly 3.2% of our imported crude oil in 2021.
But again, it was an easy move for President Biden. Unfortunately, the EU isn’t exactly in the same position, which is why Biden noted in his speech that Europe wouldn’t be joining the effort.
Banning Russian energy exports to the U.S. may seem like a toothless move, but consider for a moment the consequences of Europe pulling the same strategy.
We wouldn’t be talking about $200/bbl oil but rather $300/bbl oil.
Like I mentioned to you a few weeks ago, Putin has Europe right where he wants it.
So let’s revisit the question… Is it time to buy oil?
Oil: To $150 and Beyond?
With $130/bbl oil already a reality (WTI crude hit that mark a few days ago), it now feels like $150/bbl oil is an inevitability.
So yes, there’s still a huge upside for oil stocks — and keep in mind that this bullish market would continue even with a de-escalation of Russian aggression. Let’s not forget that U.S. consumption is at record highs right now.
Now, the real answer to this question is that you should’ve been buying oil ever since the COVID-19 lockdowns crashed crude prices into negative territory.
Over the last two years, I’ve tried to explain that yes, you should buy oil. Had you picked up two large oil players — Pioneer Natural Resources and Occidental Petroleum — you’d be sitting on profits of 177% and 164%, respectively.
But let’s say you held back throughout the pandemic.
Let’s assume you finally found your confidence in oil and didn’t pull the trigger on those stocks until last December.
Well, here’s how you’d be doing right now:
You would have nearly doubled your money on Occidental in just three months.
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That’s not too shabby for being late to the party.
But it’s a different game now, isn’t it?
The mainstream media are clamoring about oil surging to $150, $200, and even $300/bbl.
The good news is that you haven’t missed the boat entirely, and there will still be plenty of opportunities for individual investors like us.
But the great news is that the best energy profits out there now may wildly outpace the oil sector.
My Must-Own Stock When Gas Hits $8 a Gallon
Look, everyone wants to buy oil right now.
What most of the investment herd doesn’t realize is that the higher oil goes, the harder it will be to pick that fruit.
Moreover, the prospect of $150/bbl oil also comes with a greater threat to your oil profits: demand destruction.
So far, some projections for gasoline prices this summer have reached as high as $7–$8 per gallon.
You don’t need me to tell you that people will be driving less should we hit that extraordinary price.
Some of my veteran readers probably remember the pain at the pump that came when crude prices surged to $147/bbl back in the summer of 2008.
But there was one huge difference between now and then…
The EV revolution has been underway for nearly half a decade at this point, which gives consumers options.
I told you in January that lithium would become the oil of the 21st century.
That’s truer than ever as crude prices inch closer to $150/bbl.
However, there’s one serious drawback to this situation.
You see, crude prices over $100/bbl will accelerate EV sales, which will cause an explosion in lithium demand. Remember, lithium prices surged 280% in 2021 alone!
The problem is that the world’s lithium supply is controlled by a monopoly of just a handful of massive companies.
At least, it was until now.
I want to show you a small, little-known company with a technology so disruptive that it’s able to provide us with battery-grade lithium and completely sidestep those massive lithium corporations.
Of course, the best part is that ALL of this battery-grade lithium is located right here in the U.S.
Until next time, Keith Kohl A true insider in the technology and energy
markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new
technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the
Managing Editor of Energy & Capital, as well as the
investment director of Angel Publishing’s
Energy Investor and Technology and
Opportunity. For nearly two decades, Keith has been providing in-depth coverage of the hottest
investment trends before
they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution
currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on
key advancements in robotics and AI technology. Keith’s keen trading acumen and investment research also extend all the way into
the complex biotech sector,
where he and his readers take advantage of the newest and most groundbreaking medical therapies being
developed by nearly 1,000 biotech companies. His network includes hundreds of experts, from M.D.s and Ph.D.s
to lab scientists grinding out the latest medical technology and treatments. You can join his vast
investment community and target the most profitable biotech stocks in Keith’s Topline Trader advisory newsletter. 
Check us out on YouTube!P.S. If you’re like me, you’re looking to grab a hold of any advantage you can when it comes to trading stocks… and sometimes you find a trader with a track record so immaculate that you want to immediately jump on board.
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Luckily, he’s about to lay it all out to a group of elite investors tomorrow. As a premium member of Energy and Capital, you have the chance to get a front-row seat, absolutely free.
