“Go woke, go broke,” says Terry Sawchuk. The price of gasoline goes up again, and the price of diesel and heating oil goes up dramatically. Since Harry Truman was in office, we haven’t seen a crunch this tight on diesel and heating oil.
We’ve got a refining issue with diesel. There isn’t enough to supply what we need. This goes back to the policies, not making it beneficial for companies to build refineries, and giving up our energy independence. We were there and now we’re not. Jamie Diamond is a front-runner when it was politically correct to support ESG (Environmental, Social, and Governance). Now they are jumping ship and they’re starting to recognize that ESG, while it sounds great, doesn’t work at all. It’s a terrible investment strategy.
Terry concludes by saying “Capitalism will fix this if you give it the room to fix it.”
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Any information discussed in this article is for educational purposes only. It is not meant to be any kind of recommendation or financial advice. The information contained in this video is intended for informational purposes only. Any opinions are those of Terry Sawchuk and not necessarily those of JW Cole Financial, Inc. or JW Cole Advisors, Inc.
Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Sawchuk Wealth and JWC/JWCA are unaffiliated entities.