Are We Heading Toward an Energy Crisis?

Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

So, you think the “Green New Deal” is dead? Think again.

Energy prices are soaring not only in the United States but in Europe and Asia as well. The price of crude oil has doubled in the past year and is approaching $80 a barrel. Gasoline prices are over $4 a gallon in some parts of the country.

The Organization of the Petroleum Exporting Countries (OPEC) has refused to increase the production of its member countries.

10 years ago, Germany overreacted to a potential nuclear power disaster in Japan by closing down all its nuclear power plants, and extreme environmentalists demanded that the country switch to renewable solar and wind power.

Now, the Germans are paying the price. Cold weather and a rebounding economy have led to an energy shortage, and Germany has had to increase dramatically its dependence on coal and natural gas.

Last week, the global energy crunch forced a German electricity producer to halt power plant production after it ran out of coal.

The global shortage is so acute that China ordered its state-owned companies to secure supplies at all costs. Japan is also facing an energy shortage.

Biden’s War on American Fossil Fuels

The Biden administration has declared war on American fossil fuel production. By executive order, Biden canceled the Keystone Pipeline. More regulations are coming. Drilling and permits, especially for fracking, are limited.

Under the Trump administration, which was pro-fossil fuel and fracking, the United States became a net exporter of oil in 2020. Now, the trend has moved the opposite way in 2021, and we are back to being a net importer.

Laffer and Associates has calculated that our imports are up more than 15% already. See the chart below.

Courtesy of Laffer and Associates

The stock market has been in a bear market recently, but energy stocks are bucking the trend.

I have been adding oil and gas stocks as well as pipeline companies, to my newsletter and trading services with good results. I expect that trend to continue.

Upcoming Conferences:

Wealth365 Summit, October 12: Come join me and more than 60+ top trading and investing educators as we share our favorite strategies that are working for us right now. The Wealth365 Summit is the biggest and most prestigious trading and investing summit in the world and this is the hottest ticket this fall. You won’t want to miss it. Plus, it’s 100% free to attend and the $250,000 in prizes is pretty awesome, too. CLICK HERE to register for the October Wealth365 Summit now! I’ll see you there on Oct. 12.

New Orleans Investment Conference, Oct. 19-22, New Orleans Hilton: I will be at the granddaddy of investment conferences via Zoom on my birthday (Oct. 19) to discuss the significance of the October 19, 1987, crash… Other speakers include former congressman Ron Paul, Jim Grant, Rick Rule, James Rickards and Brien Lundin… To register, go to, and be sure to mention you are a subscriber to Investor Cafe by clicking here.

Good investing, AEIOU,

Mark Skousen

You Blew It!

Should We Demonize the Unvaccinated?

“The only pandemic we have is among the unvaccinated and they’re killing people.” — President Joe Biden

Should we treat those who choose not to get the COVID-19 vaccine as lepers, the unclean and the unwashed? Some critics have even accused them of being murderers.

Recently, Fox News commentator Geraldo Rivera recommended that those who don’t take the vaccines should be socially marginalized and barred from restaurants, colleges and businesses.

“If you are unvaccinated, you are an arrogant, selfish SOB,” Rivera declared.

The debate over vaccinations has gotten nasty and uncivil. The alarmists are calling for mandated vaccines. The unvaccinated respond, “My body, my choice!” and are now losing their jobs in New York and other states run by overzealous Democrats.

What about those who cannot take the vaccines because of compromised immune systems? What about those who have already had COVID-19 and have built up natural immunity and antibodies? Do they really need to be vaccinated? What about those who are opposed to the vaccine on religious grounds?

There is a very small chance that the unvaccinated person may inadvertently infect someone with COVID-19 and that person may die, but the odds of dying from COVID-19 are extremely small, less than 1%, according to the Centers for Disease Control and Prevention.

America used to be the land of the free. Nobody wore masks when getting the flu or a cold and a runny nose. They just stayed at home or away from people. Did we call them murderers and arrogant SOBs if they went to work or got an airplane? It is annoying sitting next to someone on an airline who is coughing. They should know better than to go to work sick. But it happens. Life is full of risks.

More than a million Americans get colds and the flu every year and more than 50,000 die from the flu. Are you a murderer if you accidentally gave someone a cold, and that person got pneumonia and died? Should we shut down the entire economy to curtail this terrible death rate?

We have a right to live our own lives. We should not intentionally try to harm anyone else like Typhoid Mary; when we are sick, we should stay home and social distance. COVID-19 is more virulent than other coronaviruses, but we are discovering this disease cannot be stopped. Even people who are vaccinated are getting the COVID-19 virus. (I was one of them and fortunately recovered.)

It is like the old Fram oil filter commercial, “You either pay me now, or pay me later.”

I do wish our leaders would focus on a healthy living plan rather than just the symptoms, wearing the masks and getting vaccinated. It is a fact that healthy people who eat wholesome foods, take vitamins, exercise regularly and get plenty of sleep are less likely to die from this disease.

“If you’re not healthy, you’re not wealthy!” (p. 143, “Maxims of Wall Street”: buy it at

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

previous article

“When both sides of the political aisle are gunning for your company, you know you are doing something right.” This Wall Street maxim is one that I created a few years ago, and I created it for times when seemingly the entire world has its sights trained on one company and/or one individual. Today, that company is Facebook, Inc. (NASDAQ:FB), and that individual is the compa


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Profits Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • Intelligence Report
  • Bullseye Stock Trader

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Technical Traders Alert
  • Success Trading Group

Used by financial advisors and individual investors all over the world, is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor