PXE - Unpopular But Essential - Petroleum Products Improve Lives In Unappreciated Ways
By Stuart Cartner, Portfolio Manager; Shawn Amini, Senior Analyst
Understanding the future for hydrocarbons and the investment opportunities that exist
We encounter petroleum1 products on an almost constant basis - like something as inconspicuous as an iPhone case or as essential as indoor plumbing. Though petroleum is synonymous with automobiles, this represents less than half of petroleum demand. Perhaps surprisingly, an almost equivalent amount of petroleum demand is derived from non-transportation sources. Where else do we encounter petroleum products? How about in milk cartons, golf balls, MRI scanners, lipstick, crayons, and