The health and trajectory of the global economy play a key role in determining the supply-demand balance for energy prices.
Although developed economies such as the US and Western Europe contribute little to incremental growth in global oil demand, these end-markets still account for a substantial proportion of global energy consumption. We expect the US economy to expand by 2 percent to 3 percent in 2013–assuming that President Obama and Congressional leaders eke out a compromise to avoid the so-called fiscal cliff–while trends in recession-hit EU should at least stabilize over the next 12 months.
More important, Chinese authorities successfully engineered a soft landing for the Mainland economy, setting the quintessential emerging market on the path to grow its gross domestic product at a sustainable annual rate of 7 percent to 8 percent.
This forecast for steady, if unspectacular economic growth, informs our base case for oil prices.
Your complete guide to energy investing, from growth stocks to high-yielders.
In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.
Elliott and Roger on Jun. 30, 2021
Balanced portfolios of energy stocks for aggressive and conservative investors.
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
Our assessment of every energy-related master limited partnership.
Roger Conrad’s coverage of more than 70 dividend-paying energy names.