Will oil stocks be hurt by renewable energy?

[flyonwall]

Renewable energy seems to be at that tipping point where it will actually be less expensive to produce than oil in the next ten years. Does this end up being the slow decline of oil stocks, or do they end up buying the renewable energy companies with their massive money reserves?

[disneysteve]

Is there a reason you keep asking all of these sector specific questions? I'm beginning to think you are getting us to do your economics homework for you.

I don't think oil is going away anytime soon. I also think the oil companies are already involved in renewable energy and will probably continue to grow their exposure to those things.

[rennigade]

Ask Stanley Meyers about what happens when you invent an energy source that doesnt require oil...

[flyonwall]

Is there a reason you keep asking all of these sector specific questions? I'm beginning to think you are getting us to do your economics homework for you.

I don't think oil is going away anytime soon. I also think the oil companies are already involved in renewable energy and will probably continue to grow their exposure to those things.

Yes. I am young and taking a long term outlook to stocks. With that in mind, I'm looking at what changes are taking place in the US and how this can effect those stocks which are related to those changes so that I can benefit from them.

[cardtrick]

In that case, you need to figure out on our own, what's likely to happen. Everyone is going to think differently. Why would you invest your money based on what others think will happen? How do you know these people's views are based on solid research?

[disneysteve]

Yes. I am young and taking a long term outlook to stocks. With that in mind, I'm looking at what changes are taking place in the US and how this can effect those stocks which are related to those changes so that I can benefit from them.

Ok. In that case, I'd suggest you stop looking for the "next big thing" and just invest in a broadly diversified portfolio using index mutual funds or ETFs. You will get exposure to all of the sectors you've been asking about without having to guess or time the market.

[greenskeeper]

Renewable energy seems to be at that tipping point where it will actually be less expensive to produce than oil in the next ten years. Does this end up being the slow decline of oil stocks, or do they end up buying the renewable energy companies with their massive money reserves?

Oil is not just a fuel....it's needed for just about everything produced by mankind.

[greenskeeper]

Ask Stanley Meyers about what happens when you invent an energy source that doesnt require oil...

you die of natural causes? He didn't invent anything. A fuel cell still needs electricity to break down the water.

[flyonwall]

Ok. In that case, I'd suggest you stop looking for the "next big thing" and just invest in a broadly diversified portfolio using index mutual funds or ETFs. You will get exposure to all of the sectors you've been asking about without having to guess or time the market.

I am already doing this! 80% of my portfolio is invested in index. I am taking 20% as my "play money" so I can learn more about the stock market and I feel that if I can get better at predicting long term trends, this could be a great way to pick stocks that grow well. I doing this mainly as an exercise to learn more about how stocks work.