Three Energy Stocks Built For A New Energy Era
Two wars—Ukraine and Iran—have spotlighted how interdependent the global energy system is, and how easily it can be pushed off balance. The warring parties have focused on attacking and destroying energy infrastructure.
The effects on the global energy system have been profound. Russia was a major exporter of crude oil and fuels; it is not anymore. Western Europe got most of its natural gas from Russia; it isn’t anymore.
Roughly a fifth of crude oil and LNG previously passed through the Strait of Hormuz. The strait was closed for six months, and the cargo now moving through it is still well below pre-war levels.
This means we need to think about several significant changes in terms of how the world acquires the energy it needs.
