The oil price is now firmly in a bear market. But saying where it goes next is tricky, says John Stepek. There are good arguments for a big move in either direction.
We're on the cusp of a revolution in the energy industry. It's one that could redraw the energy map of the world, give humanity the ability to tap essentially unlimited power sources, and – if you make the right investments – make a fortune for investors.
In short, we're living through a change in the way the world produces and consumes energy. It is a transition that's well under way. And it's being driven by the convergence of several key technological trends that are showing no sign of abating.
While you wouldn't be alone in thinking that solar power was further away than ever, you could be wrong. Solar is on the brink of becoming the world's dominant energy source.
Things are looking up for the price of uranium. In mid-2018, the spot price stood at $23 per pound, roughly the same as two years ago. Now it is up by around a quarter.
A couple of years ago, Dominic Frisby picked oil as the best five-year trade you could make. Now it’s in the doldrums, he revisits his trade to ask: what next?
The oil price has fallen along with virtually every other asset. But keep an eye on it, says John Stepek. An upturn could signal a wider market recovery.
The green energy sector is growing, but investors shouldn’t rush in to renewable energy investment funds.
A month ago, the price of Brent crude oil hit a new four-year high of more than $86 a barrel. In a spectacular reversal of fortune, it is now in a bear market, having plummeted by more than 20%.
The oil price has crashed back down to earth recently. John Stepek emaines why, and explains what it means for the global economy.
Hedge funds are betting that the oil price will top $100 per barrel in 2019, which will drive up global inflation.