The Most Dreaded Day in American Politics Is Here!

Today’s the day!

Depending on how you approach American politics, this is either the most anticipated day that comes but once every four years, or the most dreaded day that makes you want to not leave your house and shut off every electronic device you own for the next twenty-four hours. 

I’ll let you decide which kind of person you are. 

Regardless of which political team you’re on, there’s no question that the outcome of today’s election is going to put our country on one of two very different energy paths. 

Now, I’m not going to pretend that I know with 100% certainty which candidate will emerge victorious… Anyone looking for that kind of Nostradamus prediction is begging to be lied to. 

What I do know, however, is that by the end of today — cross your fingers that we see a resolution today — half of you will be ecstatically jubilant, while the other half will be bitterly angry. 

Some see it as a lose-lose situation, no matter the outcome. 

But that’s not entirely true. 

You see, with the closure of this election cycle comes a certainty for us. We’ll finally know which direction we’re heading. 

And that, dear reader, is worth more to investors than the last 48 months of this election cycle. 

OPEC’s Revenge: The Unlikeliest of Oil Rallies

If there’s one thing we all have to give the Biden administration credit for is that it helped take oil off the table completely during the summer. And just think, it was all accomplished without draining half of our strategic stockpiles, too! 

If you told me earlier this year that WTI crude prices would struggle to hit $80 per barrel during the summer, I would’ve laughed. 

Not only were crude prices subdued for more than a year, but higher WTI crude prices never once materialized. In fact, it stayed well below the $90/bbl price range it hovered around since September, 2023.

It’s true — the bears were in full control during the summer despite the extraordinary geopolitical chaos that erupted in the Middle East since the tragic October 7th event. 

Any rally in prices throughout the year was met by an onslaught of bearish rhetoric in the media that was led by the IEA. 

Now you should be ready for the other shoe to drop.

Push aside the geopolitical forces that could easily drive crude prices higher, because the truth is the market doesn’t need it.

I told you a few weeks ago that OPEC is more than willing to defend oil prices at $70 per barrel — and that’s precisely what they’re doing today.

A few days ago, the eight OPEC+ alliance members, including Saudi Arabia, Russia, Iraq, Kuwait, and others, announced that they would delay adjusting their output by another month.

You might remember what happened back around June, when OPEC+ stated they would be unwinding their voluntary cuts during the fourth quarter and into 2025. That announcement caused crude prices to crash and every investor with a dime in the oil markets groaned as the floor slipped out beneath them.

In fact, OPEC+ is going to delay its planned production increase until January, 2025 — and this is assuming we don’t see another delay announcement in a few months, which isn’t out of the realm of possibility given that crude demand is seasonally at its weakest during the cold winter months.

But let’s bring things a little closer to home.

You see, no matter who wins today’s election, we will stil be in a precarious situation over our domestic oil production.

The days of ‘drill, baby, drill’ are long over.

Today, it’s all about extracting MORE with LESS: Lower costs and higher efficiency.

That’s the name of the game now when it comes to U.S. oil production, and there’s no getting around that fact.

That’s why my readers and I have targeted one of the best hidden gems in the U.S. oil patch — a pure Permian player that is changing the game forever, and one that will prosper no matter who is sitting behind the Resolute desk in the White House.

I strongly recommend taking just a few minutes out of your day and checking this one out firsthand.