Rig count has long been a great proxy for oil production. Simply put, the more oil rigs, the more oil they can pump. However, all of that has changed now.
American electric producers are switching to cleaner sources like natural gas and renewables. That doesn’t mean American coal producers are suffering though.
America is the world’s premier energy producer. Natural gas and oil production is up 60% since 2008. This boom in energy is offering opportunities … and obstacles.
Man’s love affair with this metal began over 5,300 years ago. However, it’s our high-tech future that will bring about a bull market that no investor should miss.
This monumental shift will be the most dramatic in over 100 years, maybe even more so than when ships switched from coal to oil.
While oil has more than doubled in price in the last two years, this essential part of the oil industry has actually seen a slight decline.
Solar has been the future of energy for over a decade, but it has struggled to deliver power today. And there’s a mix of reasons for falling sales.
With talks of the U.S. losing in trade deals, there is a surprising victory with our southern neighbor. To understand why, we have to take a couple steps back…