Ryan Stancil,
Editor
Oct. 15, 2021
I don’t think I need to tell you that energy prices have gone up.
You’ve seen it at the gas pump… You’ll see it in your home heating bills soon.
And you’ll certainly be hearing more about it as oil gets closer to $100 per barrel.
Economies are reopening and the available supply of oil isn’t able to keep up with the growing demand. That’s the main reason it’s happening.
Call it a crisis, call it simple economics — either way, it’s happening.
These climbing prices could threaten global economic recovery as the pandemic comes under control, but there’s a related story playing out at the same time.
The Global Shift to Clean Energy
Earlier this week, the Biden administration announced a plan to develop large-scale wind farms off of just about every coastline in the US. They want to lease waters off the coasts of the Mid-Atlantic, Gulf of Mexico, the Carolinas, California, and Oregon to wind developers no later than 2025. It comes right on the heels of a similar project that has taken shape off the coast of Martha’s Vineyard in Massachusetts.
This is a big move on its own because it’s the most visible move the government has made in promoting offshore wind development. But it’s also part of a larger trend.
Climate change will be one of the biggest issues we face over the next century and moves like this will become more common.
Ongoing oil and natural gas shortages mean that nations will be putting more money behind renewable energy. Things like solar and wind power used to be niches, but they’ve become mainstream now thanks to the desire to get away from fossil fuels. It’s only going to increase from here.
It’s important to note that this move to build these wind farms is independent of the infrastructure plan currently facing a vote in Congress. If that plan passes, however, this and other actions like it will only benefit. Among other things, President Biden’s infrastructure bill would do things like build out transmission lines for renewable energy, allowing more consumers to benefit.
In short, renewable energy has a bright future ahead of it.
And while solar and wind are often the poster children for renewable energy, it’s unlikely that they will be what generates the most power in the future.
A Massive Profit Opportunity in Nuclear Energy
As good as these technologies are, they won’t be able to keep up with future demand. Only nuclear power will do that.
It’s the one form of clean energy that many have refused to accept, but it’s the one that will help us get away from fossil fuels for good.
It’s taken some time, but nuclear power is finally starting to shake the stigma that it’s carried for the past few years. The timing couldn’t be any more perfect.
The climate crisis is getting worse and energy shortages are threatening to cripple society. Because of that, countries all over the world are putting money behind building new nuclear plants and researching technologies to improve power generation.
Investment opportunities are emerging, creating different ways to profit from nuclear power generation.
The most obvious is rising uranium prices.
You’ll want to get in as soon as you can. The general public will wake up to the fact that nuclear power is the way of the future soon.
A new report, out now, will show you exactly how you can profit from this industry.
Keep your eyes open,
Ryan Stancil
Editor, Daily Profit Cycle