The future of Energy Sector

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Scientists are looking to power the planet with renewable energy by the year 2030 , till that happens the main source for the world energy will remain OIL , GAS and Coal as we can see it clearly in the world energy demand figure which proves that Energy Sector is still among the strongest investment for the future even many are expecting it to reach the end of an era which could drive the public away from investing in its related stocks .

World Energy Demande

To have a better understanding let’s check The Energy Select SPDR (XLE) which is an Exchange Traded Fund (ETF) that tracks the Energy Sector Index and the fund invests up to 95% of its total assets in common stocks in the Oil and Natural Gas industries .

Continue reading the full article at : http://elliottwave-forecast.com/commodities/the-future-of-energy-sector/

 

AlienOvichO

Full time Trader & Analyst