New alternatives to fossil fuels are being developed all the time (think electric vehicles, solar panels, wind turbines, etc.)…
But the reality is… the world still operates on oil and gas.
The consumption of oil is steadily increasing and shows no signs of slowing down. In fact, this year it is estimated that the world will consume 12.5% more oil than it did just 10 years ago.
And by 2045, the world is forecast to consume 27.1 million barrels of gasoline per day!
Chief Income Strategist Marc Lichtenfeld believes energy stocks are a great place to invest for the long term.
The best part: Many of them pay big dividends.