This Commander and Chief is the worst enemy of the American Dream.
In simple terms, Americans are being exploited. Blame Washington’s elite for the high costs of energy. This year more Americans will suffer cold winters due to the fake energy crisis as the greedy oil companies get richer and the politicians get their kickbacks for turning the other cheek.
The fake energy crisis and supply-chain issues leading to the highest cost increases in decades is a façade aimed to hurt and rob Americans while the lobbyist and politicians reap the rewards on the hill.
- In California gas is at record highs. The national average has been rising to crippling levels. Yet the oil companies are reporting record profits and shareholders want to see more at the expense of the consumer.
- In the midwest, some will be unable to survive the cold, arctic temperature and then you add on the cost of living and healthcare increases. A harsh fact some will die of starvation or cold.
- The Saudis are toying with an administration too woke and weak to stand up for their people and distracted by party abdications and scandals.
Just look at the price gouging that is happening as Americans struggle to fill up their cars to get to work.
Shell is a multinational energy giant with operations in more than 70 countries. It produces around 3.2 barrels of oil equivalent per day, has an interest in 10 refineries, and sold 64.2 million tons of liquefied natural gas last year.
The company’s NYSE-listed shares are up 13.6% year to date.
Considering that Shell trades at around $50.50 per share today, Todd’s new price target implies a potential upside of 58%.
Chevron is another oil and gas supermajor that’s benefiting from the commodity boom.
For Q2, the company reported earnings of $11.6 billion, which more than tripled the $3.1 billion in the same period last year.
The stock has enjoyed a nice rally too, climbing 32% in 2022.
Exxon Mobil (XOM)
Commanding a market cap of over $400 billion, Exxon Mobil is bigger than Shell and Chevron.
The company also boasts the strongest stock price performance among the three in 2022 — Exxon shares are up 55% year to date.
In the first six months of 2022, Exxon earned $23.3 billion in profits, a huge increase from the $7.4 billion in the year-ago period. Free cash flow totaled $27.7 billion for the first half, compared to $13.8 billion in the same period last year.
As the holidays come closer, the pain many Americans feel is unfathomable, we are being fed lies and distorted economic data to boost the egos of the administrations. With more Tech lay off coming from Amazon, Twitter and Carvana to name a few, many will go hungry. If you have not see the massive transfer of wealth and the total destruction of middle-class America then you are fortunate.
If you have savings you now need to protect as much as you can now, before the rate hikes, lay offs and ultimate financial crash.
As your 401k savings deplete and your wallet gets tighter you make decisions based on survival rather than choice. This is not the American Dream this is the Nightmare we cannot wake from.