FYI: The energy industry is caught between shale rock and a hard political place. The U.S. shale-oil boom has left the world awash in crude oil, even as many governments and climate activists press for a cleaner, greener future. Add geopolitics to the mix, including the sometimes-unpredictable moves of the Organization of Petroleum Exporting Countries and U.S. sanctions against several OPEC members, and the result has been volatile swings in oil prices and sustained pressure on energy-company shares. Today, the energy sector represents a mere 5.4% of the S&P 500 index, and that’s after a 14% gain in the stocks this year.
Regards,
Ted
https://www.barrons.com/articles/energy-stocks-deserve-a-closer-look-51552699289?mod=hp_LEAD_3
