There is no way to get around it, America needs oil. Did you know that the majority of oil and gas in the US is produced by small independent companies? Panex is one of those small independent companies that uses investor capital to drill and extract oil in the US. Panex at: www.panex.us (https://www.panex.us)
RJ Burr, Senior VP of Corporate Operations at Panex, talks about the US oil industry and the future of oil. He debunks the myth that oil is being replaced by alternative energy and highlights the importance of oil in our daily lives. Burr also discusses the political and environmental costs of green energy and the potential risks and rewards of investing in oil.
Takeaways
- The majority of oil and gas production in the US is done by small independent companies, not major oil companies.
- Oil is deeply ingrained in our daily lives and there is currently no feasible alternative to replace it.
- The push for alternative energy often overlooks the environmental impact and the need for raw materials like lithium.
- Investing in oil can be a long-term play, but it is important to choose the right partners and understand the economics of the deal.
To learn more:
- visit Panex at: www.panex.us (https://www.panex.us)
- Follow RJ at https://www.linkedin.com/in/rj-burr-06a609162/
The information presented on The Money Seed Podcast is for educational and entertainment purposes only, and is not intended to be financial advice.
#oil #passiveinvesting #energy