Energy is the prime commodity, it takes energy to produce products. The the consumer's ability to afford energy impact their ability to demand goods in the market. As prices get higher, individuals are less likely to go drive around and take vacationst the fact that cracker barrel, in their earnings this week, sihted a slow down from their over 65 consumers. When you see priceis increasing all across the economy, certainly something consumers are concerned about.
Earth’s population continues to grow and energy needs are struggling to keep up with worldwide demand. Nick Sciple and Jim Gillies dive into the macroeconomic forces creating an energy crunch, where they are finding investment opportunities, and discuss: - The wide-ranging effects of an energy crunch - How a shale boom “incinerated” $700 billion - Ways individual investors could benefit from pension funds leaving oil
Additional resource: https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/
Stocks discussed: OTC:IPFCC, TSX:IPCO, CBRL Host: Nick Sciple Guest: Jim Gillies Producer: Ricky Mulvey Engineer: Dan Boyd
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