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I think that enough institutional and retail investors have foresworn oil and gas companies for non-economic reasons that they will have excess returns going fo
by Bostonian 4y ago
I think that enough institutional and retail investors have foresworn oil and gas companies for non-economic reasons that they will have excess returns going forward. I intend to benefit from this -- one simple way is to invest in the XLE ETF.
Since hydrocarbons make our comfortable modern lifestyles possible, I have no qualms in investing the companies that produce them. Studies have found that global warming may cause a loss of 5% of GDP by 2100. That is about 2-3 years normal economic growth and can easily be managed.