Over the Next 20 Years, $48Trillion Needs to Be Invested for Energy
OXY's shareholders/investors will benefit from this investment in the long term:
According to the International Energy Agency, the global community must invest $48 trillion by 2035 to meet the world's energy needs. Of that, $23 trillion will need to be spent on fossil fuel extraction, transportation, and oil refining. This investment will help to offset declining oil and gas wells, as well as help to meet the growing demand for energy in emerging nations. Needless to say, this is a supertrend that deserves a place in nearly every portfolio.
Long term solar and electric is the way to go. A major break through in battery technology would be disruptive to the current way we deliver energy. For the time being OXY is sitting in the sweet spot.