ExxonMobil, one of the world’s largest energy companies for the past 20 years, has been left in the dust by a renewable energy company barely 20 years old.
Indeed, fossil fuel's falling out of favor in the market is great news for our trading because we can make way more trading on renewables than we ever could make trading on oil.
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In July 2008, oil hit an all-time high of $147.27.
And since then, it’s been in a choppy 12-year downtrend.
Then after hitting an all-time low this past April, it’s currently sitting at $42 a barrel.
While you shouldn’t completely dump oil stocks, as savvy traders we’ve found a new way to profit on energy by shifting our thinking…
When he passed away last September at the age of 91, T. Boone Pickens generated dozens of media biographies. Nearly all of them missed a key detail about his last years...
Of course, a billionaire with his reputation as a savvy business leader would no doubt get lots of obituaries written about him. And most focused on his very successful career as an oil and gas baron.
It's easy to see why. After all, in 2007 alone, he is reported to have earned more than $2.7 billion from his two energy-investing funds.
So, it may sound surprising for me to suggest that those obituaries were inaccurate...
Here's the thing - at least two years before his death, Pickens went through a sea change and closed his energy funds. He became a massive backer of solar technology.
Now, I spoke to you recently about all the opportunity that I'm seeing heading our way, thanks to the solar revolution. No doubt, a smart businessman like T. Boone Pickens also realized the sheer scope of this technological transformation. It all comes down to basic science.
Boone (as he was known) saw what many people are beginning to see: Renewables are the next generation in energy production.
His move into solar is a major signal of the profit potential we can unlock from this sector.
This same sentiment has reached another key audience - one that will supercharge solar's growth.
I work with some of the most exciting small tech companies on the planet. And as many of you know, I've made it my business to be involved with the most cutting-edge high-tech advancements of our time.
That's why I can confidently tell you that nothing compares to the size and scope of the solar revolution - or the speed at which it's coming to us. In fact, it's going to be one of the biggest technological transformations of our lifetime.
It all comes down to basic science.
Every five days, the sun provides the Earth with as much energy as all the proven supplies of oil, coal, and natural gas on the entire planet.
And we are now riding a tremendous wave of advancements and new technology that could soon render these traditional means of generating electricity obsolete.
What's more, these revolutionary advances also provide savvy investors with a rare opportunity.
To put it bluntly, recent solar innovations promise to be every bit as monumental as when the world progressed from the horse and buggy to the automobile...
According to Bloomberg, the oncoming solar revolution will be worth $2.2 trillion in the years ahead. But it won't stop there.
This will be a multi-decade trend, creating incredible long- and short-term opportunities for those wanting to build life-changing wealth.
This is your chance to jump on board with the four companies that'll make the global shift possible in the first place...
You're invited to the first-ever Global Shockwave Summit. It's a free event aimed to help you discover profit opportunities that are not available anywhere else.
These opportunities stem from the global economic ripple effects spreading across the world today - ones that the news headlines are missing.
With our tactics outlined here, you'll be able to learn how to get positioned for maximum profit.
Whenever a big economic change is triggered, the ripple effect travels into nearly every industry you can think of.
We call these "global shockwaves," and they have an incredibly powerful effect on our money.
Most investors miss these shockwaves - but you won't.
Not with the intel we're giving you here...
As many Oil & Energy Investor readers may know, my home base is in sunny Florida (a fact I'm quite grateful for during these winter months), while my team operates out of Baltimore, Maryland.
I recently told one of my team members that he should be very proud of his home country, Sweden.
Among Sweden's many other renewable energy accomplishments – not the least of which is meeting its 2030 renewable energy goals 12 years early – it just made wind energy history.
Now, the world's energy novel is a constantly evolving, many layered story, and renewables are playing a bigger and bigger role.
You might say they're edging their way into "main plot point" status.
The International Energy Agency reported that in 2017, renewable energy saw the highest growth rate of any other energy source.
And that only became truer throughout 2018...
My life has taken me in many different directions.
From working as an intelligence officer for the American government to consulting for dozens of governments around the globe in the world of energy, I can't claim that my life has been dull.
However, although my life has taken a trajectory that I may not have expected in my youth, I do truly enjoy what I do.
And when it comes to energy, there are many things that excite me.
One thing I can tell you is the most exciting thing about seeing and knowing the latest in energy is that it is a constant, ever-evolving industry.
And by that I mean it is always working to improve itself.
These days, with the oil market in shambles (though, as I wrote about last week, it is beginning its recovery), I've been keeping an eye on the renewable industry.
U.S. presidents through the years have all had very different ideas about the energy industry.
In 1979, President Jimmy Carter spearheaded what would become a renewable revolution, and placed 32 solar panels on the White House roof amid a national energy crisis caused by the Arab oil embargo.
He was the first president to do so, and the first to take renewable energy seriously as a form of reliable and efficient energy consumption.
In the words of President Carter, "In the year 2000 this solar water heater behind me, which is being dedicated today, will still be here supplying cheap, efficient energy... A generation from now, this solar heater... can be just a small part of one of the greatest and most exciting adventures ever undertaken by the American people."
However, in 1981, President Reagan, who had very different ideas of how energy should be collected, ordered those solar panels removed. In fact, that was one of the first things he did upon taking office. Apparently, he considered them "a joke."
Half of the original 32 panels were moved to Unity College in Maine in 1992 to be used to heat water.
And in 2010, President Obama, who was a well-known advocate of renewable energy, ordered solar panels reinstalled at the White House.
Now, as longtime Oil & Energy Investor readers will know, I'm fully on board with expanding the United State's hold on renewable energy.
The global car industry is spending billions on this energy metal, and the thing is, the supply is already severely challenged.
A little over a year ago, our Global Energy Strategist discussed an intriguing project involving Tesla, a French renewable company, and the government of South Australia.
Not that long ago, I'm sure you remember, the Organization of Petroleum Exporting Countries, better known as OPEC, controlled the international price of crude oil.
Given its effective control over more than 40% of all oil produced daily worldwide, how much (or little) the cartel decided to move into the market was the single biggest factor in setting the worldwide price.
In fact, in 1973, in the wake of the Yom Kippur War between Israel and the Arab coalition, OPEC was able to bring the West virtually to its knees, enacting an oil embargo by way of punishing major Western powers for their support of Israel in the conflict.
Of course, in those days, the United States was dependent upon foreign producers for almost 70% of the oil the country needed daily.
It had become both an economic and a national security concern, and "energy independence" was the preoccupation of American presidents going back to Richard Nixon. More than 60% of all domestic production was coming from stripper wells - wells producing fewer than 10 barrels a day each.
But then the combination of hydraulic fracturing and horizontal drilling ushered in a genuine "American energy revolution" in oil production.
The opening of shale (along with the broader tight) oil and natural gas production revolutionized the industry. Over the past decade, something truly unusual developed.
American domestic oil production became the balance for global supply and demand.
From barely 4 million barrels a day in 2008, extractions in the United States have now reached a record 11 million barrels, with some estimates expecting a rise to 12 million by 2020.
That would catapult domestic production into the number one position worldwide.
Then, as part of a budget agreement in mid-December 2015, Congress ended a more than four-decade prohibition on exporting U.S. crude to international markets. Just as the shale revolution was gaining steam, the added volume started moving out to higher-priced foreign markets.
American oil production has become the fulcrum on which international oil trade operates.
King Shale has been crowned. Let me show you what this means...
What are the most undervalued energy stocks of 2018?
Thanks to our system, we've identified five.
Here are the five energy stocks you need to know about right now...
The new T. Boone Pickens ETF might seem like an exciting way to profit from the legendary billionaire's investing skill.
But once you read the fine print, you'll realize there are much better profit opportunities elsewhere...
This week, President Donald Trump imposed a 30% tariff on China solar panels.
Unfortunately, these protective tariffs are more likely to hurt American workers than China.
Here's how these new tariffs could affect your wallet...
