![]() This article provides information only and should not be construed as advice. This fossil fuel stock trades at an attractive P/E ratio of 18. The world’s largest energy equipment services corporation could see significant growth in demand as energy production remains elevated for the foreseeable future. Maintaining and servicing equipment at oil fields is just as important. Schlumberger NV (SLV)ĭrilling and exporting oil isn’t the only way to make money in this sector. The stock trades at a price-to-earnings ratio of 21. has a 30% stake in a massive bloc in this region, which means its production is more insulated from government regulation and environmental action than its domestic peers. The tiny South American nation discovered oil off its coast a few years ago and could be a major producer, churning out 1 million barrels a day, by 2027. This New York-based oil and gas giant is special because of its exposure to Guyana. If it’s good enough for the Oracle of Omaha, it has to be fit for your fossil fuel watch list. Buffett’s company owns nearly 22.2% of the oil producer, a stake that has risen steadily over the past year. Warren Buffett’s favorite energy stock is trading at a price-to-earnings ratio just below 5. Here are three top oil and gas stocks to put on your radar. The petroleum sector is under appreciated by many investors, which could create bargain opportunities. It also means gas-powered vehicles and fossil fuels are here to stay for the foreseeable future. Resolving these issues could take years, which means the Biden Administration’s target of 67% EV adoption is likely unrealistic. Drivers seldom have to worry about their local gas station being out of service – but one-fourth of charging stations tested by climate advocacy group Cool the Earth didn’t function. Charging an EV is substantially more time consuming, which explains why charging stations need to exceed gas stations for comparable availability. compared to 145,000 gas stations, according to the World Economic Forum. There are only 53,000 electric charging stations in the U.S. Roughly 80% of Americans name “costs” and the “availability of charging stations” as their EV biggest concerns. Story continues Cost and charger conundrum To drive EV adoption higher, the government and auto industry need to resolve two key hurdles for ordinary consumers: cost and infrastructure. Unfortunately, the carrot-and-stick approach hasn’t worked. ![]() The administration’s strict new pollution limits are intended to push EV sales to 67% of the market by 2032. The legislation earmarked up to $7,500 in tax credits for each American motorist who ditched their gas guzzler. The transition to clean energy is a key part of the government’s agenda and subsidies in the recently-passed Inflation Reduction Act were supposed to make EVs more appealing. The Biden Administration can’t be happy with those findings. is just 5%, ranking it number 19 out of the 20 countries charted. Meanwhile, EVs already account for 86% of new car sales in Norway and 72% in Iceland, according to statistics cited by Canary Media.Įven Chinese consumers are more enthusiastic about this transition than their American counterparts, those numbers show 16% of all cars sold in China in 2021 were electric, whereas the figure in the U.S. Two-thirds of Europeans said their next car would likely be an EV, a recent EIB climate survey shows. UBS says 61% of millionaire collectors allocate up to 30% of their overall portfolio to this exclusive asset class You could be the landlord of Walmart, Whole Foods and CVS (and collect fat grocery store-anchored income on a quarterly basis) Get in now for strong long-term tailwinds Rich young Americans have lost confidence in the stock market - and are betting on these 3 assets instead. Just two in every 10 Americans say they are “very likely” to buy an EV as their next car, according to a recent survey by the University of Chicago’s Energy Policy Institute and the AP-NORC Center for Public Affairs Research. ![]() If only electric vehicles would shoot sparks - in the marketplace, that is.ĭespite the billions of dollars invested by private corporations, and government subsidies, Americans are still indifferent as a whole over electric vehicles.
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