~ Rick Rule, interview with Dan Ferris, Stansberry Investor Hour, 24:30 mark, December 19, 2022
Dec 23, 2022
Rick Rule on the government-made supply shortage of oil and gas
I believe there's a very good intermediate-term play in the oil & gas sector. Ironically, that's almost guaranteed by our government. The government is suggesting to the oil industry that they need to increase the availability of oil and gas while telling them that they're going to put them out of business in 2030. Telling somebody that you're going to put them out of business in 2030 is not really a good way to get them to invest hundreds of billions of dollars today. So we have an artificial supply constraint.
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