YGRN - The Death Of Oil

• Energy stocks have taken a beating over the last few weeks.
• Concerns about a worldwide resurgence of COVID-19 have raised the specter of declining economic activity and the negative potential impact on oil demand.
• Longer-term two news items last month, one from the governor of California and one from China, probably pushed the sentiment surrounding the group even lower.
• There continues to be an ill-conceived media narrative perpetuating this tale of woe.
• I do believe climate change is real and a threat to our planet, but the feared demise of oil as a primary energy source now and into the foreseeable future seems a bit overdone.

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