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As Russia Stuns Oil Industry, Renewable Energy Investors Rejoice

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As Russia Stuns Oil Industry, Renewable Energy Investors Rejoice

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Adam O'Dell,
Chief Investment Strategist

The conflict between Russia and Ukraine is strengthening the case for renewable energy with each passing day.

Last month, just before the invasion began, I mentioned that the elephant in the room was Russian natural gas.

Sure, the United States and Europe worry that military conflict with Russia (or any global superpower) could end in nuclear Armageddon. Those fears have existed since the early days of the Cold War.

But the bigger and more tangible threat is that Russia pulls its natural gas and crude oil exports from the market, causing prices to skyrocket.

We’ve already seen what even the threat of this happening does to oil prices. Brent Crude Oil futures spiked to more than $116 per barrel on Thursday. Prices have increased around 17% since Russia crossed Ukraine’s border a little over a week ago!

And price spikes (plus other factors) are precisely why I’m so bullish on the future of renewable energy.

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Chart of the Day
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Amber Hestla,
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Economic Recovery? Factories Offer Good News & Bad News

On the first trading day of every month, the Institute for Supply Management releases its survey of supply managers in the manufacturing sector.

It gives us insight into the rest of the economic data for the month.

The chart below shows the good news from the nation’s factories.

But another points to more bad news for supply-strapped manufacturers.

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