We have now moved past the “beginning of the end” of the oil age. While there might be one more cyclical bull market in store, the 2020s will mark a profound shift in energy usage. The advent of EVs is upon us and petrochemicals will fail to grow as projected due to better technology driven options. You need an exit strategy from oil and gas stocks.
A couple of months ago, I discussed how the biggest developing trends in the economy were tied to demographics, technology and climate change. More recently, particularly with subscribers, I have also discussed the acceleration of the fossil fuel divestment movement due to the climate change thesis of many fiduciaries.