Why Now Could Be a Good Time to Invest in Oil and Gas

Demand for energy is strong and supply has gotten low, and while clean energy is making strides, it’ll take a while before it dominates. Here are three ways to invest in oil and gas.

The nozzle of a gas pump is plugged into the tank of a car.
(Image credit: Getty Images)

With all due respect to Charles Dickens, the oil and gas sector is increasingly a tale of two markets. Depending on where you focus, it is the best of times, and it is the worst of times.

For the past few years, professionals in the oil and gas industry have expressed their dissatisfaction with the state of the sector. The use of oil and gas has diminished, and prices have proven volatile due to the global slowdown caused by COVID-19.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Daniel Goodwin
Chief Investment Strategist, Provident Wealth Advisors

Daniel Goodwin is a Kiplinger's contributor on various financial planning topics and has also been featured in U.S. News and World Report, FOX 26 News, Business Management Daily and BankRate Inc. He is the author of the book Live Smart - Retire Rich and is the Masterclass Instructor of a 1031 DST Masterclass at www.Provident1031.com. Daniel regularly gives back to his community by serving as a mentor at the Sam Houston State University College of Business. He is the Chief Investment Strategist at Provident Wealth Advisors, a Registered Investment Advisory firm in The Woodlands, Texas. Daniel's professional licenses include Series 65, 6, 63 and 22. Daniel’s gift is making the complex simple and encouraging families to take actionable steps today to pursue their financial goals of tomorrow.