INVESTING: Roiled energy sector’s history suggests higher returns
With energy stocks all the rage today, I did a little research into the history of the industry and its impact on investors. Oil is in uncharted territory price wise. OPEC refuses to increase production. China is soaking the stuff up like a sponge, and Americans want some relief from high gas prices. Oil has been used for thousands of years as fuel for lamps and as a lubricant. Until the mid-1800s, most of the world’s oil came from whales….