7 Oil Stocks to Buy as the Political Paradigm Shifts
Oil stocks, though powerfully relevant even in the age of new-energy vehicles, have presented a difficult narrative. With the rise of electric vehicles, consumers actually have choices now that extend beyond the hydrocarbon paradigm. Also, scientific concerns such as climate change have impacted the ideological discourse. Nevertheless, a possible pivot in the political realm may invigorate fossil fuels.
At the beginning of last week, President Joe Biden shocked the nation – indeed the world – by announcing that he will not seek reelection. Instead, he will focus on carrying out his term in office. This decision came about thanks to former President Donald Trump riding a wave of momentum following his flawed (but comparatively superior) debate performance.
It’s true that Democrats are energized, with Vice President Kamala Harris gaining Biden’s endorsement. Also, Trump is now the oldest candidate in the race. Still, he would seem to have the most straightforward path to the White House. Combined with Republicans’ penchant for support hydrocarbon enterprises, that could benefit the below oil stocks.
https://investorplace.com/2024/07/7-oil-stocks-to-buy-as-the-political-paradigm-shifts/