Recession Risk for Oil Prices

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Recent interest rate hikes have had little effect on inflation rates.   And at the last FED meeting, Powell expressed they're ready to hike rates further and more aggressively if need be. And they'll wait until the U.S. dips into a recession before thinking about lower interest rates.   Here are the details.   So basically, cross your fingers for lower inflation rates. Otherwise, it looks like we're in a semi-controlled crash landing …    As investors and analysts grow warier of a recession, OPEC is ready to cut production in an effort to keep oil prices high.   Here's the full story.   The overarching fear is that diminished economic activity will lower the demand for oil and gas. Which would theoretically drag prices lower. That sounds good for regular consumers like us … but lower oil prices mean exporting countries make less money.   Those are the mechanics.   We'll keep you updated on supply restrictions.   The Next Step for EVs We've all thought about it … first, there's a huge move to electric cars.   But what's next?   As it turns out, maybe electric planes.   Here's the story.   The world is going nuts for EVs right now. The whole transportation niche is evolving. That's what makes this catalyst so strong.   Electric planes sound great … but there's another industry that has room to grow.   The U.S. railway system is less than 1% electric. Despite all the advantages of an electric system.   In the mid-1900s, most global railways switched to more efficient forms of fuel, electric and diesel.   While most other developed countries chose electric, the U.S.'s private rail industry found it more cost-effective to use diesel.   From the way things are going, we think it's only a matter of time before private railroads make the switch. Open The Flood Gates While we're on the subject of EVs …    When Biden spoke at the Detroit Auto Show a few weeks ago, he mentioned the $5 billion in aid to create EV charging stations across the U.S.   Here are the details.   At the time, plans were only approved for 35 states. But the Department of Transportation just approved plans for the other 15.   Here's the full story.   Now that all 50 states are approved. There's an immediate $1.5 billion ready for use.   There will be EV stations every 50 miles on interstate highways across 75,000 miles.   Once these charging stations are in place, it's likely the demand for EVs will skyrocket. Guardian Financial Publishing 3571 Far West Blvd Austin, TX 78731   test   This email was sent to ignoble.experiment@arconati.us. Don't want to receive these emails anymore? Unsubscribe   Privacy Policy | Terms | Risk Disclosure