Rachel’s note: Yesterday, Nomi Prins – former Wall Street insider and financial expert – delved into rising global energy costs.

Today, she’ll discuss the implications of soaring gas and oil prices… including the transition to renewable resources.

That doesn’t mean traditional energy will disappear altogether… but it does mean that there’s an ultimate shift happening in the energy space. And if you position yourself early enough, you can profit from this megatrend.

Nomi is holding a special briefing next Wednesday, August 31 at 8 p.m. ET to explain how you can come out on top. To sign up for free, go here.

Then, read on for more about the growth of clean energy… and the opportunities it presents.


By Nomi Prins, editor, Inside Wall Street With Nomi Prins

Nomi Prins

It’s been a wild ride for the energy markets this year. But that’s likely to be just the beginning…

I’ve written a lot about the energy crisis recently.

I’ve shown you how energy prices are up 33% in the last year… and why rising energy costs will lead to higher food prices.

But there’s another crucial reason why you need to pay attention to the energy crisis right now…

See, experts predict we could see an even bigger “energy shock” this winter.

And if you know where to look, you can protect your portfolio – and profit.

That’s why on Wednesday, August 31 at 8 p.m. ET, I’m holding an urgent strategy session.

I’ll do a deep dive into the coming “energy shock,” and what you can do to prepare.

Plus, I’ll share details on a small – publicly traded – firm that could hold the key to solving a major problem in the energy crisis.

I hope to see you there.

Below, I’ll tell you what you need to know about the energy markets today. As you’ll see, there’s a global transition happening right now – and it has major implications for investors…

The Race Is on for the Energy Transition

Last October, global governments met in Scotland for the COP26 United Nations Climate Change Conference. There, they agreed on several key climate change and carbon emissions goals.

Now, I know not everyone feels the same way about climate change.

But no matter what your views are, what’s coming is a huge opportunity to profit…

See, global governments put a price tag of up to $150 trillion on their plans to reach COP26 goals.

And this year, the war in Ukraine has been a major catalyst in their push for renewable energy and related technologies.

In March, the U.S. banned Russian oil then liquefied natural gas and coal imports.

And in April, the European Union followed suit. It proposed a ban on Russian coal imports. That ban went into full effect this month.

The EU also adopted a partial embargo on Russian oil in June.

That embargo will ban seaborne imports of Russian crude oil as of December 5. And it will ban petroleum product imports as of February 5, 2023.

That’s significant… Earlier this year, the EU accounted for 71% of Russian fossil fuel exports.

If the EU follows through with the oil and petroleum sanctions, that will undoubtedly lead to fuel shortages and price hikes across the bloc.

That means the EU’s 27 member countries must now find alternative ways to power their economies… and fast.

But Europeans aren’t the only ones feeling the effects of the energy crisis…

Here in the U.S., the July Consumer Price Index (CPI) data shows that energy prices have risen by 33% in the last 12 months. Gasoline is up 44%. And fuel oil is up 76%.

And if the EU goes ahead with its Russian oil ban this winter, we can expect further price increases here. That’s because sanctions have global ramifications on oil and gas prices.

So the race to ramp up production from renewable energy sources is on, both here and across the pond…

Where Public Money Goes, Private Money Follows

The world’s governments have accepted that climate change is real. And this is unleashing a massive new investment trend.

I call that trend New Energy. It’s one of the five distortion profit themes I follow for my readers. And since 2021, it’s gotten a big boost.

Just look at some of the recent numbers…

  • Overall, global investment in the energy transition came out to $755 billion in 2021. That’s a new record.

  • In November 2021, President Biden signed the $1.2 trillion bipartisan infrastructure bill into law. The White House has allocated more than $100 billion of that to clean energy projects.

  • And just this month, Congress passed the Inflation Reduction Act of 2022. It allocates nearly $400 billion to the energy industry… in particular, renewable energy.

Now, that doesn’t mean traditional energy will disappear overnight.

Check out the chart below. It comes from the U.S. Energy Information Administration (EIA). And it tracks the trend of energy consumption needs globally through 2050…

Chart

This chart shows the growth in renewable energy (green line at the top) as well as traditional energy.

As you can see, the projection is for a 50% growth in the New Energy space. And we’re already seeing rising demand…

2021 was another record year for renewable energy, according to the International Energy Agency (IEA).

The world added a record 295 gigawatts (GW) of new renewable power capacity in 2021. That was despite the pandemic and rising costs for raw materials globally.

But from the chart above, we can also see that traditional energy isn’t going away anytime soon.

And that’s especially true as the energy crisis deepens…

That’s why on Wednesday, August 31 at 8 p.m. ET, I’m holding an urgent strategy session.

I’ll do a deep dive into the energy crisis… and what you can do to prepare your portfolio ahead of the “energy shock” hitting this winter.

Plus, I’ll share the details on a small – publicly traded – firm that could hold the key to solving a major problem in the energy crisis.

I’m calling this event the Running on Empty Summit. And I hope to see you there.

Happy investing,

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Nomi Prins
Editor, Inside Wall Street With Nomi Prins

P.S. While we gear up for the fall and winter, energy prices are set to increase as the Russian oil ban takes place.

To pivot away from the detrimental effects of supply shortages, governments around the world are ramping up production of clean energy alternatives.

According to Bloomberg, by 2050, renewable energy could grow four to five times faster than other sources of power.

To find out how to profit from this transition, join me in my special briefing next Wednesday, August 31 at 8 p.m. ET. It’s free to attend, and I’ll be revealing one company set to benefit from the clean energy megatrend.

Sign up here.