Categories: Energy Stocks
Topics: Clean Energy

The $200 Trillion Force Dooming Trump in 2024

A clean energy revolution is now sweeping America and the rest of the world.

I know millions of people still think of clean energy as being clunky, expensive, and unreliable.

And until a few years ago, that was more or less the case...

But thanks to breakthroughs from America’s private sector and visionary CEOs, clean energy costs have been falling dramatically for over a decade.

And now, clean energy is the cheapest source of power almost everywhere.

As Forbes, which no one would call a left-wing rag, put it:

And it’s only getting cheaper… Offshore and on-shore wind power and solar panels have gotten 13% cheaper since 2020, for instance.

In fact, the affordability of clean power compared to fossil fuels isn’t even a particularly close call anymore… in the latter half of 2022, a megawatt-hour of electricity from solar cost just $50, compared to $58 for natural gas and $100 for coal.

Wind power was even cheaper, at $43 per megawatt hour.

With a disparity like this, it’s no wonder that Elon Musk said energy from renewables will be $4 trillion cheaper than fossil fueled-power going forward.

Now, I realize you’ve no doubt seen a lot of statistics going both ways in the clean energy debate.

But here’s what’s really striking to me...

Clean energy is booming even in places where politicians don’t favor it.

Deep-red Texas, for instance, is now America’s No. 1 state for wind power.

In the first half of June 2023, Texas’s windfarms generated 185,000 megawatts of power… or enough to power over 200,000 homes.

Meanwhile, the state is adding 7.7 GW of solar capacity in 2023… enough to power over 5 million homes.

In fact, in 2023 Texas added more solar and wind capacity than all other 49 states combined, according to the U.S. Energy Information Administration.

This transformation is why Reuters notes Texas now trumps even California as a key player in the energy transition.

And of course, Texas isn’t embracing clean energy out of any need to virtue signal. Its Governor is no fan of renewable energy... in fact, he’s taken as much as $6.3 million in campaign donations from just one oil tycoon.

But when it comes to clean energy, Texas—the state most closely associated with oil and gas for over a century now—is just following the money.

Don’t take it from me, though… ask J.W. Peters, a man who had just $400 to his name six years ago, but now employs 61 people in his Oklahoma-based solar company with $18 million in sales.

He says of his home state:

“We’re the reddest state in the country, and we’re an oil and gas state. So it took a lot of time to convince people that this wasn’t snake oil.”

But more and more folks are turning to his company as they hear from friends and neighbors about their lower electric bills.

As he put it:

“The environmental benefits are nice. But most people are doing this for the financial opportunity.”

All over America, entrepreneurs like J.W. Peters are helping bring cheap clean energy to people’s homes, schools, and businesses.

As one CEO, Cathy Zoi, puts it:

“It is not a red-state, blue-state thing. It is a national phenomenon.”

Or as Dewey F. Bartlett Jr., the Republican former mayor of Tulsa who was an oil and gas executive, said:

“We have a tremendous sense of pride in our history. But we also understand that energy is energy, whether it is generated by wind, steam or whatever it might be.”

According to Bloomberg New Energy Finance, it would “cost $196 trillion in investments to zero out the world’s carbon emissions by 2050, as many countries have pledged to do, to avoid society-destroying global warming.”

Starting now, they say, “annual green investments will need to nearly triple to $6.9 trillion by 2030 if we are to have any hope of hitting net zero by 2050.”

When it comes to the clean energy boom, and the trillions of dollars in economic growth it’s projected to unleash, there are plenty of statistics I could share with you...

But let me ask you one question... out of the over 5,000 counties in America, which one would you guess saw the fastest GDP growth to usher in the 2020s?

Maybe the county of San Francisco, with all of its glamorous mansions and white-hot tech IPOs?

Or Manhattan, which remains the financial capital of the world?

Maybe you’re imagining it’s a county in Florida, which only suffered one day of lockdown during the entire pandemic.

But it’s none of these...

Coke County, Texas, has a population of just 3,300. But the rural county’s GDP surged 83% from 2019 to 2021, from $128 million to $235 million.

Landowners in Coke County are getting yearly checks of $10,000 to let energy companies build wind turbines on their land. The county itself is getting a $787,500 payment, which it will use to fix roads and create a senior center and other infrastructure.

As Hal Spain, Coke County’s top-ranking official, put it:

“We’re just a poor West Texas county. We don’t get much economic stimulation here. We’re tickled pink about this.”

And Coke County isn’t an isolated example.

All over the country, clean energy projects are creating thousands of new jobs and injecting hundreds of millions, even billions, of dollars of economic activity into communities that were struggling.

In a brand new video I’ll reveal what all this means for the 2024 presidential election and your portfolio. 

Be sure not to miss it.

Call it like you see it,

Nick Hodge
Publisher, Daily Profit Cycle