In every industry, you will have bulls and bears, and somewhere in the middle is generally the market answer, but it fluctuates. For the commodities the price is the key. The higher the price, the more innovation, the less desirable spots suddenly come more desirable so it is possible.

In an article by Emma Graney of Reuters, the head of OPEC or Organization of Petroleum Exporting Countries, Haitham al-Ghais, believes there is no oil demand pea on the horizon. OPEC is projecting global oil demand will surpass 120 million barrels by 2050.

The projection expects oil to be 30% of the total energy mix in 2050.

At the same time, OPEC recognizes the importance of investing in technologies such as carbon capture and storage to battle greenhouse gas emissions. There is no one size fits all solution to addressing the climate matters.

On the other side of the coin is an estimate by the US Energy Information Administration that says oil demand growth and crude oil prices will fall by the end of the year.

Linking to dividend paying stocks, the oil industry has been producing profits for generations as the Rockefellers will attest to. All large oil companies believe paying dividends and buying back stock is a very good thing to do, which means an investment is a good thing to do. With every investment, you look to the future that the company can continue to make profits and you hope and expect they will. Forecasts of the future help with the desire to keep the investments.

There are more questions than answers, till the next time – to raising questions.