What to Know About America’s Energy Sector Going Forward
Oil is set to remain a profitable commodity for American investors, and we
recently spoke with an expert economist about why this is the case.
Book an Initial Consultation How We Can Help You
Today’s message marks the third and final installment of our interview series with First Trust Portfolios’ chief economist Brian Wesbury. In particular, our conversation focused on the price and direction of oil as an investment commodity.
If you missed the earlier installments in this series, you can find part one here and part two here.
The fracking boom in Texas has had a global impact, given that the United States is now not only buying oil from other countries at cheaper rates, but is also exporting more oil than in the recent past. This increase in demand for U.S. oil has boosted prices, which will likely stay high for some time.
America’s energy sector will see significant
growth in the next five to 10 years.
”
Moving forward into the next several decades, Brian believes that oil will continue to be worth between $55 and $65 a barrel. He also thinks that the energy sector is “great to be in” and will see significant growth in the next five to 10 years.
If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.
Securities Offered through Raymond James Financial Services, Inc., Member FINRA/SIPC
Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Green Financial Group is not a registered broker/dealer and is independent of Raymond James Financial Services.
Raymond James Financial Services does not accept orders and/or instructions regarding your account by email, voicemail, fax or any alternate method. Transactional details do not supersede normal trade confirmations or statements. Email sent through the Internet is not secure or confidential. Raymond James Financial Services reserves the right to monitor all email.
The information contained in this report does not purport to be a complete description of the securities, markets or developments referred to in this material. IT has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing materials accurate or complete. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Any opinions are those of Jeff Green and not necessarily Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no assurance any of the trends mentioned will continue or forecast will occur.
Any information provided in this email has been prepared from sources believed to be reliable, but is not guaranteed by Raymond James Financial Services and is not a complete summary or statement of all available data necessary for making an investment decision. Any information provided is for informational purposes only and does not constitute a recommendation. Raymond James Financial Services and its employees may own options, rights or warrants to purchase any of the securities mentioned in email. This email is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this message in error, please contact the sender immediately and delete the material from your computer.
The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Jeffrey Green and not necessarily those of Raymond James.
Any opinions are those of Jeff Green, Brian Wesbury and not necessarily those of Raymond James. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete. Expressions of opinion are as of this date and are subject to change without notice. Past performance does not guarantee future results. Investing involves risk and you may incur a profit or loss Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Green Financial Group is not a registered broker dealer and is independent of Raymond James Financial Services. Raymond James is not affiliated with Brian Wesbury or First Trust.
There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing in the energy sector involves special risks, including the potential adverse effects of state and federal regulation and may not be suitable for all investors.
