The Right Place and Right Time for Energy Transitions - Dee Carter #5661

Summary: Inflation continues on, despite the efforts of the federal reserve and the government to make us believe that it is abating. With latent uncertainty and a long ride ahead, which sectors should we invest in right now? I sit down and chat with Dee Carter to recap what’s been happening in the markets—specifically in the energy sector. People are hesitant to invest in oil companies because of the push for renewable energy; on the other hand, fossil fuels are still an integral component of production. For general investing, Dee advises his clients to evaluate which sectors fit their particular situation, and mentions some things to consider in the current economy.

Highlights: -We’re in a situation where we really don’t know what is going to take place over the next couple of months -The senate is still 50/50 -We’re in for a long, tough ride that will probably last beyond January -The problem right now is that no one wants to invest in energy—especially in oil companies -No one wants to invest in something that may not be around 5-10 years from now -Oil companies are receiving mixed directions in regard to production -You can’t get away from fossil fuels because of how many products they are tied to -We are perhaps entering the electrical situation a bit too early -Right now, it is not feasible for all cars to run on electricity. It’s too early to do away with fossil fuels; we have to take it one step at a time -Historically, energy transitions have been market driven—not government driven. The government needs to back down and let the markets do their work -Energy is the place to invest. There are still some companies drilling, but some refineries have reached capacity -We need to invest in the refinery process -Surprisingly, consumer buying has not slowed down. We’re also still looking at pharmaceuticals and other health related sectors -Look at sectors that fit your particular situation

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