Business
Renewable energy stocks are better long-term buys
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
The oil industry is in the fight of its life. It’s in the midst of another difficult downturn, the second in the past five years. However, this one seems different as the COVID-19 pandemic has caused so much demand destruction that the oil industry might never recover its former peak. That’s mainly because renewable energy hasn’t skipped a beat during the pandemic, as it has taken advantage of this downturn to grab even more market share.
Because of that, the oil industry’s future has dimmed considerably over the past year. That’s why it might be time for investors to forget about buying oil stocks and instead concentrate…
-
Noosa News19 hours agoMuster Dogs favourite Frank Finger makes final on-screen appearance with kelpie Annie in portrait show
-
General9 hours agoGoldfields man in coma after allegedly smashing head into ambulance windscreen
-
Business17 hours agoShould we be paying more attention to these two rocketing ASX small-cap mining stocks?
-
Noosa News19 hours agoWhy commuters are less likely to see familiar strangers on the bus, train or CityCat and why that makes us feel less safe