Despite this being the worst economic climate for the oil & gas sector, there has never been a better time to invest. Listen to our lead engineer, Kurt Mire’s examples of previous petroleum market downturns that ended up being success stories! It’s not about what’s going on around you, it’s what’s going on in your life. Buy low, sell high!
Aren’t Oil & Gas Products Becoming Obsolete?
Despite what you may have heard from all of the radical environmental climate activists, the oil & gas industry isn’t going away anytime soon. Yes it’s true that renewable energy sources are increasing, but that doesn’t mean they will eliminate oil & gas.
You may be asking yourself how that’s possible right?
The answer is simple: Petrochemicals.
Follow The Golden Rule: Buy Low, Sell High
That’s right no matter how much renewable energy is produced to power certain objects, they cannot produce the petrochemical byproducts that make our world economy go ’round. Plastics, composite materials, and various other electronic components found in your cell phone are all possible due to petrochemicals. This is why Enterprise Products Partners have created a forecast of US oil and gas by region from now to 2025.
“By 2025, Texas oil production will double and US and gas production will increase by around 50%.
They forecast that Texas will surpass 10 million barrels per day of crude oil production by 2025 from the Permian and Eagle Ford Basins.”
So given the advent of corona-virus and the current state of oil & gas prices/production, if these predictive models are even 10% correct, with the right investment you could double or triple your initial amount that you put in today.