Low cost of oil per barrel, investment potential?
#11
I am thinking of investing in Chinese businesses. But very few are listed in US exchanges. I only know two.
I did buy some of Russian oil stocks due to the Ukraine crisis. I imagine oil will come back for them once sanctions are over.
#12
There is no long term future in oil, there cant be. The writing is on the wall. Alternative propulsion technology is the future and has to be to sustain our way of life and an increasing population on this planet. If you want to try and game/time the next decade or two of investing in fossil fuels its your prerogative. I certainly wont. Even if it makes money during that time, its not a technology I want to continue to support in that way. And principally from a business standpoint I refuse to invest in unethical monopolies. OPEC has had one globally for the last 100 years. Time for something new to be allowed into market. It is happening, just at a snails pace unfortunately. And not because of the technological capability, but by our politics.
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