Dear Reader,

Last September, I made a controversial claim:

‘There’s no way we’ll hit Net Zero carbon emissions by 2050.

I believe that we’re approaching a tipping point where the whole thing comes crashing down.

If I’m right, there’s a big energy U-turn coming. Anti-fossil fuel policies could soon be scrapped. Investment in mining exploration will likely skyrocket. Commodity prices will soar.

And oil and gas stock prices could go vertical.’

Just months later, I was proven right.

Countries started to reverse on their green energy policies left and right.

Germany had to restart its coal power plants to cope with energy demands over the winter...and its energy regulator admitted it’ll need a lot more fossil fuel to keep the lights on.

The British Prime Minister is currently under fire for delaying and diluting their climate policies…

And in Australia, the use of ‘dirty’ coal power actually went UP over the first quarter of 2024.

So it’s no surprise that certain traditional energy stocks like oil and gas trended up during this time.

The BetaShares Crude Oil Index ETF, for instance, is up 16.8% at the time of writing. And the S&P Global Index, which tracks the largest oil and gas companies in the world, is up 21.87% since last year, as I write this.

And while there are no guarantees this trend will continue…

I think this is just the beginning.

If I’m right, more crazy Net Zero initiatives will fail...and oil and gas stocks could shoot even higher in the coming months…

And the tipping point for all this?

EVs — they’re probably going to be phased out.

Regards,

Greg Canavan,
Editor, Fat Tail Daily