Tag: oil investment

9
Dec

The Oil Rollercoaster

Few investments present the kind of narative you get with oil.  It’s one of the most highly traded commodities in the world, with a global market worth over $5 trillion and counting.
It has been referred to as “black gold” and the “lifeblood of the modern economy.” Because it is . . . at least for now. 

Oil is used in many ways: as a key component for energy generation, transportation fuels and petrochemical products such as plastics, solvents and adhesives. 

This means it’s highly lucrative. And because it’s unevenly distributed, it’s also highly political.

The result is that oil is very volatile and greatly influenced by politics, weather, sentiment and even unprecedented events like a global pandemic, for example. 

Speaking of which . . .