Yesterday, the "major oil and gas index" have increased 1,52%. OPEC is trying to reduce production. New energies are not yet available. Exxon-Mobil says that oil will continue to be the major energy, even 20 years from now.
Look to: Conoco-Phillips, Petrochina (where Buffett has a stake), Total and ENI.
Like it or not, we will continue to need oil!
2 comments:
Energy prices will continue to be bouncing back...
Oil will be crucial in emerging markets development.
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