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 | Current headlines have been warning investors of a catastrophe that could make a huge impact on the stock market in the fast approaching winter months: the global energy shortage in 2021.
In fact, the ongoing energy crisis is already making waves in the market.
Oil rose above $81 a barrel for the first time in seven years. And some analysts are calling for the price to move even higher, to $90 or even $100 per barrel, if we experience a colder-than-anticipated winter.
At the same time, we're seeing natural gas trading at multi-year highs — up 47% since August — while there's a shortage of it.
And to top it off: The coal supply in Europe and China is running out. China is already experiencing rolling blackouts, and the incredibly coal-dependent India has about 63 of its 135 coal-fired power plants relying on less than two days of supplies.
Do you know what that means?
All the money is going into the energy sector and, more specifically, right into this stock. | | |
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Jeff Z | Jeff Zananiri spent over two decades on Wall Street learning how the best made consistent money in the market. | | |
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