The global economic reopening and the war in Ukraine have driven home to the average American that we need to be drilling for more oil and gas here in the United States.
But thanks to the imposition of Environmental, Social, and Governance, or ESG, policies, which rank companies based on how much emphasis they put on green energy and social programs, banks are hesitant to lend money to the traditional energy industry for carbon-based projects.
This is creating a massive opportunity for companies with cash and access to financing to go on an energy-related buying spree at advantageous prices. When you are the buyer of last resort, you pretty much get to set your price.
I’m currently watching a new holdings company that has pivoted aggressively to scoop up assets in the U.S. traditional energy industry.
Given the upsurge in demand we’re about to see, and the increasing need to rely on domestic sources, I think this firm could easily see 10X returns or more in the coming years…
The post Buy the Domestic Energy Company on Track for 10X Gains originally appeared at Money Morning.