Fossil fuels will be around for a while yet

Article Excerpt

Oil and gas prices have pulled back lately, but still remain high. Meanwhile, demand should remain elevated for several years to come as the world continues to rely on fossil fuels even as it shifts to more-sustainable renewable energy sources. Here are three ETFs that focus on oil and gas exploration and production. And on page 100, our Supplement provides you with more information on the longer-term outlook for energy demand and supply. ISHARES GLOBAL ENERGY ETF $41.56 (New York symbol IXC; TSINetwork ETF Rating: Aggressive; Market cap: $1.9 billion) aims to track the S&P Global 1200 Energy Index, which selects companies that are involved in the global energy industry. Qualifying stocks are weighted by their market capitalization and liquidity. The index is rebalanced quarterly. U.S.-based companies make up 60% of the fund’s assets while the balance is mainly domiciled in the U.K. (12%), Canada (11%), France (5%), Australia (3%), Brazil (2%) and Norway (2%). Integrated oil and gas companies make up 56% of the portfolio;…