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The Big Picture: Energy, the Biggest Market Sector

  • Michael C. Thomsett

Abstract

The range of the energy industry is vast. The best-known form of energy, oil, contributes significantly to most forms of industry, perhaps more than many investors realize. Among the fundamentals of energy investing is awareness of the widespread applications of this resource.

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Notes

  1. 1.
    Numerous references in Herbert Abraham, Asphalts and Allied Substances: Their Occurrence, Modes of Production, Uses in the Arts, and Methods of Testing, 4th ed. (New York: Van Nostrand, 1938), p. 15, 43, and 1231; and in Herodotus, The Histories, Book I, ca. 440 BC.Google Scholar
  2. 5.
    United States Geological Survey, Arctic National Wildlife Refuge, 1002 Area, Petroleum Assessment 1998, Including Economic Analysis, USGS Fact Sheet FS-028–01, April 2001.Google Scholar
  3. 6.
    United States Department of Energy, Energy Information Administration, Analysis of Crude Oil Production in the Arctic National Wildlife Refuge, 2008–03, 2008.Google Scholar
  4. 11.
    Jon Nicosia, “Bill O’Reilly Gets Heated With John Stossel Over Oil Speculation,” www.mediaite.com, June 1, 2012.Google Scholar
  5. 12.
    Severin Borenstein, “Speculation is Not the Cause of High Oil Prices,” University of California, Berkeley, Haas School of Business, May 6, 2012.Google Scholar

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© Michael C. Thomsett 2014

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  • Michael C. Thomsett

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