Q: I understand the general decline in the oil industry is due the coronavirus and other cascading effects that push down crude oil prices. In the past you’ve cautioned against alternative energy investments. But I think wind and solar have a future especially when considering environmental externalities. Aren’t electric vehicles and charging technologies on the upswing along with a growing public demand for a Green economy? How can I profit from these trends?
A: How soon oil and gas prices will recover is uncertain. That’s especially so considering one of the main drivers of that decline—the COVID-19 pandemic—remains ongoing.
Meantime, low oil prices (and resulting low gasoline prices) could, in fact, lower demand for new renewable power projects. That’s… Read More