
The Smead Book List - Spring 2025
A Book with Legs
Navigating the Energy Landscape
This chapter explores expert views on the future of oil and gas extraction in the U.S., debunking the notion of new lucrative drilling opportunities on federal land. It highlights the historical influences on energy markets and draws parallels with the tobacco industry, while also discussing recent investment opportunities and market instability. The conversation extends to investor psychology in the context of market volatility and the implications of leverage in financial decision-making.
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