Political & Economic Pressures on Oil & Gas Stocks. Industry Veteran Tom Petrie’s Reality Check

If you were to follow legendary investor Sir John Templeton’s advice to buy where there is maximum pessimism it might lead you to energy stocks. The energy sector has lagged the S&P 500 since 2016 and has been one of the worst if not the worst-performing industry sectors over the last year. The fossil fuel industry has been hit with an almost perfect storm of headwinds and instability among major petroleum producers outside of the U.S. The ongoing trade wars between the U.S. and China have also started to take their toll on global economic growth, increasing the downward pressure on demand for fuel. What’s the outlook for traditional energy producers? Are they still viable investments or are they on their way to being phased out? Joining us to discuss the role fossil fuels continue to play in energy production and the state of the oil and gas industry, in particular, is Tom Petrie, a financial thought leader in the sector and chairman of Petrie Partners a leading investment banking and consulting boutique to the oil and gas industry. Petrie is the author of Following Oil: Four Decades of Cycle-Testing Experiences and What They Foretell about U.S. Energy Independence.  WEALTHTRACK #1617 broadcast on October 25, 2019 More info: https://wealthtrack.com/political-economic-pressures-on-oil-gas-stocks-industry-veteran-tom-petries-reality-check/