In 20 20 the entire global production of energy from solar and wind was enough to supply the energy needs of all the homes in the us. Even the big oil majors are beginning to accept that and move towards that. I certainly hope it's a lot more than window dressing, because we do need to move away from a lot of use of fossil fuels as an energy source. pumping carbon into the atmosphere is not the way we want to move forward.
While the broad stock market has been plunged, energy has proven to be a rare safe haven. Warren Buffett has increased his stake in his energy investments by billions over the past year, but this industry runs in cycles. Nick Sciple and Jim Mueller go over the fundamentals of energy investing and discuss: - The complex connection between oil prices and what you pay at the pump - Which legacy energy companies are meaningfully moving to green energy - A 19th-century food processor that has an interesting strategy in renewable diesel
Stocks mentioned: BP, XOM, SHEL, CVX, PSX, TPIC, VLO, BEP, TTNDY, DAR
Additional resource: https://www.fool.com/investing/stock-market/market-sectors/energy/
Host: Nick Sciple Guest: Jim Mueller Producer: Ricky Mulvey Engineers: Rick Engdahl, Dan Boyd
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