Every year, US News puts together an annual investing guide that evaluates certain sectors of the market. Marianne Lavelle writes about the recent and future performance of Big Oil, but there aren’t any revelations.
According to the article, the easy money in oil was made in 2006, although there were signs of trouble. Here is what 2007 has in store, maybe:
The tide isn’t in Big Oil’s favor on Capitol Hill. Democrats want to act quickly to strip away industry tax breaks… Climate-change legislation, also a top agenda item, poses more risk, but few analysts expect quick action. Still, Democrats might be able to push through smaller policy changes that shave U.S. oil demand, such as greater use of alternatives.
If you’re looking to make 2007′s money work for you, US News suggests companies that are strong with alternative energy like ethanol, rather than the companies that did well in the past few years.
Updated June 17, 2014 and originally published January 10, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.