Still, investing in the oil and gas industry is not for everyone, especially these days. Some people object to putting money into the fossil fuel industry. Even if that isn’t an issue for you, energy has historically been a volatile industry, with astounding booms and devastating busts. The S&P energy index retreated 5 percent from March 17 to March 31, after the International Energy Agency forecast that oil consumption was not likely to return to prepandemic levels in developed economies. “Rapid changes in behavior from the pandemic and a stronger drive by governments toward a low-carbon future have caused a dramatic downward shift in expectations for oil demand over the next six years.”

Source: International New York Times April 09, 2021 13:52 UTC