COVID's Oil and Gas Time Bomb Finally Explodes
The last time I saw any news reporting on this topic was in 2020.
It's been 27 months since the alarm was raised, and the industry has done absolutely nothing.
It's an oversight that will cost producers and refiners billions if it's not addressed today.
After years of working in this business, I thought nothing could surprise me, but I am utterly blown away by the irresponsibility it takes to ignore a problem this big.
When COVID rocked the global economy, trillions of dollars' worth of maintenance was put on the back burner. Everything from government buildings to major manufacturing centers was running full tilt with no major repairs being made.
In the case of the oil and gas industry, that means refiners have gone years without performing critical service upgrades.
Important parts are backlogged into the distant future, and labor shortages mean fewer hands on deck. It's a ticking time bomb that could cost the economy a fortune.
We're already looking at a major diesel shortage across the globe, with the U.S. potentially being one of the hardest hit.
But I don't mean for this to be a warning against investing in the energy sector. In fact, I encourage it.
It just means you'll need to know a few important things before going forward. The Best Free Investment You'll Ever Make Our analysts have traveled the world over, dedicated to finding the best and most profitable investments in the global energy markets. All you have to do to join our Energy and Capital investment community is sign up for the daily newsletter below.
Most Importantly, Here's What to Avoid
Major oil and gas giants have been making absurd profits lately, but those numbers are boosted by the hidden fact that nothing is getting fixed.
Oil and gas production isn't a "set it and forget it" process. Pumps, pipelines, and refineries need constant maintenance before they either lose efficiency or become explosion hazards.
Our key to making huge returns during the upcoming diesel shortage is simple: Aim for companies that bite the bullet and stay up to date on scheduled repairs.
Easier said than done, right?
If I were a massive oil company that prioritized profits over maintenance, I probably wouldn't be in a huge hurry to tell anyone about it.
But there are certain ways to tell if a business has truly been honest about its operations. Public companies can't exactly hide billions of dollars without alerting the SEC.
And while a huge portion of the industry - big names included - suffers from the compounded effects of its years of mismanagement, a few forward-thinking companies will make incredible profits and pay hefty dividends.
Our team has put together a diesel shortage survival guide for this very occasion. It's a step-by-step system that removes the guesswork from investing in this turbulent market.
You can thank me later.
To your wealth, Luke SweeneyContributor, Energy and Capital Luke's technical know-how combined with an insatiable scientific curiosity has helped uncover some of our most promising leads in the tech sector. He has a knack for breaking down complicated scientific concepts into an easy-to-digest format, while still keeping a sharp focus on the core information. His role at Angel is simple: transform piles of obscure data into profitable investment leads. When following our recommendations, rest assured that a truly exhaustive amount of research goes on behind the scenes..
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