Oil Stocks Are for Suckers

Stocks to sell

We can’t have an economic podcast without discussing the Eastern European conflict, which has hastened the spike in oil prices. It’s been on a tear lately, and oil stocks have seen some nice gains. But at the risk of striking any nerves, I’ve got something to say: “The oil trade is for suckers.”

I’m not a guy to time the market, which is exactly what I see behind a lot of oil stocks. As more people turn to ride-hailing technology and renewable energy, oil is facing incredible demand destruction.

Listen to learn why I think this will end horribly for the archaic fossil fuel industry.

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