Instead of trying to predict whiplashing oil prices, consider investing in energy ETFs like the Invesco WilderHill Clean Energy ETF and First Trust North American Energy Infrastructure. These ETFs provide exposure to sectors such as pipelines and shipping, independent of oil price fluctuations.
"The unfortunate part is that in order to be able to support an entire industrial base, you've got to have that whole supply chain node-matched in terms of capacity," Zach Detweiler, co-founder and CEO of Radify Metals, explained. He emphasized the importance of addressing the overlooked node that converts metal oxides into pure metals, which he refers to as the 'missing middle.'
The so-called 'petrodollar' system wasn't well understood for most of this time, but a secret deal between Henry Kissinger and Saudi Arabia ensured the dollar would remain the dominant reserve currency.
"A more decentralized energy system, with a growing share of renewables and more market players, is structurally more resilient. Countries that invested in the energy transition are weathering this crisis with less economic damage, as they boost energy security, resilience and competitiveness."