2024-02-01 06:28:00 ET
If you pay even cursory attention to the news, you know that solar and wind power are increasingly important power sources. You probably also know that carbon fuels like oil and natural gas aren't held in high regard because of the emissions they produce. Kinder Morgan (NYSE: KMI) points out that these dynamics are unlikely to spell the end of oil anytime soon. Here's what you need to know.
Kinder Morgan is known as a midstream company. It basically owns and operates the energy infrastructure that transports oil and natural gas from where it is produced to where it is consumed. The list of things that midstream companies own includes pipelines , storage, transportation, and processing assets. Kinder Morgan is one of the largest midstream companies in North America.
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For further details see:
Oil Stocks Aren't Going to Be Disrupted Anytime Soon. Here's Why You Can Buy.