YNTR: There’s More Oil and Gas than Ever – and the Industry is Tanking

You Need to Read Axios’ There’s More Oil and Gas than Ever – and the Industry is Tanking by Amy Harder

In the wake of Jim Cramer’s “I’m done with fossil fuel stocks” pronouncement and Chevron CEO Mike Wirth’s rebuttal, a look at market conditions driving stock prices down in the sector. The piece factors in analyst remarks, investor research, rising supply, falling demand (some of it temporary due to Coronavirus), share of S&P 500, stock declines, oil prices and job loss in the sector.

The world’s oil and natural gas companies are drilling their way into financial and social hell.

Driving the news: The industry’s stocks are in the toilet, and climate change is fast becoming a mainstream investor worry. These problems overlap and neither is going away anytime soon — if ever.

Why it matters: People use products from oil and natural gas, which are heating up the Earth, and many own (perhaps unwittingly) stock in these companies. The financial and social standing of these companies will likely affect all.

Bring your loved ones together this holiday season to give #GiftsToTheFuture. Each day on the way to welcoming the new year, we'll share a little something you can do to help make it (and many years that follow) better for those you love. enough.co/gifts-to-the-future

How you earn, spend, save, and invest can grow climate solutions faster. Let's work on it together?