John Carl,
Editor
May 19, 2022
2022 has yet another enormous surprise in store.
And it’s coming to an electrical outlet near you...
It’s the charging spike of electric vehicles.
Now let me be clear: EVs are truly a more efficient machine than their gas counterparts.
According to the Department of Energy, EVs are as high as 500% more efficient (depending on the vehicle).
And when you factor in transportation and storage costs of gas, EVs move even further ahead.
But that doesn’t mean our energy infrastructure is ready just yet for this brave new world.
EV adoption is happening much faster than anyone predicted.
Take Tesla — it’s on track to sell more than a million cars this year.
That’s more than double what we saw just two years ago.
And this is only a small portion of the overall EV growth happening across the globe.
All this growth isn’t accidental.
Car companies are using their new EV lines to boost car sales.
You’ve no doubt seen all the ads on TV from Volkswagen, Hyundai, Audi, and many others.
The Super Bowl was essentially one long car commercial.
But even for consumers who are hesitant, the spiking price of gas is pushing consumers off the fence and into the driver’s seat of a new electric.
Nobody wants to feel like a sucker at the pump.
The impact of this kind of outrageous growth has yet to be seen and begs the big question: how will the world feed so many hungry cars?
Sales of vehicles have already outpaced the number of charging stations.
In California and New Jersey, there are now 50 vehicles for every charging station.
While home chargers help with the station problem, they’re causing additional problems by putting a strain on residential power grids that are already close to overload.
But all of these problems come back to one: the source of the energy itself.
Where are we going to get consistent, affordable energy for these millions of new, voltage-starved EVs?
Prices have climbed for every kind of energy.
In the last two years, LNG is up 100%.
Coal is up 600%.
And geopolitical tensions continue to rearrange the landscape by the day.
The most obvious is the exile of Russia’s energy exports from the world market.
The pandemic also hasn’t let up in terms of economic damage…
We’re still seeing trucker shortages, erratic rail schedules, and woefully backlogged ports.
To top it all off, a spate of southern droughts is drying up reservoirs as we speak — and when the water drops too low, it’ll cripple hydroelectric power everywhere from California to Texas.
The national power grid has never faced such a spike in demand in the face of dwindling energy sources.
But out of crisis comes opportunity.
There’s an answer to this urgent problem: uranium.
It’s the most powerful electrical fuel we have — and the #1 alternative energy in the world.
It’s bigger than solar, wind, geothermal, and all other renewable energy sources combined.
This is where we come in (and where you can benefit as an investor).
My colleague Gerardo del Real has been covering uranium mining in the United States for more than a decade.
And he’s found a junior miner with an all-American project that’s in the perfect position to lead the rebirth of American uranium.
They’re one of the few junior mining companies in America with the extraction equipment in place to begin operations.
As EVs pull on overloaded power grids, utilities will fill the ever-growing energy gap with uranium.
Gerardo puts the situation this way:
“The bottom line is that no North American developer can bring a new uranium mine from development to production below $50 per pound. And that means we’re guaranteed to see higher contract prices. That’s why uranium bull markets are so powerful. It’s also why the profits can be so life changing. Whether nuclear power plants pay $75 per pound or $150 per pound… they have to buy!”
Gerardo’s uranium pick is about to turn on the extraction pumps — and it’s not a moment too soon to feed the hungry EV revolution.
John Carl
Editor, Daily Profit Cycle