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Here’s Why Energy Prices & Shortages Are Going Berserk Globally | Art Berman On Oil, Gas & Coal
Energy is suddenly headline news.
Oil, which traded at negative prices for a brief moment last year due to the global economic slowdown caused by the pandemic, is now expected by a number of analysts to hit $100/barrel soon.
Europe is worried about not having enough natural gas to heat its homes this winter.
A petrol shortage in the UK is making it a challenge for folks to fill their cars. And prices at the pump are back near record highs in the US.
And China and India are so short on coal that major metropolitan power plants are resorting to rolling blackouts to conserve fuel.
Why are so many regions of the world suddenly experiencing these energy crises?
Petroleum geologist & energy analyst Art Berman has a lot of the answers we're looking for, and I'm so pleased he was able to join us today on such short notice.
GET ART'S OCTOBER 2021 ENERGY REPORT FOR FREE at https://wealthion.com/berman
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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#oil #coal #gas
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
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