Fisher: Not the Time to Bet on Energy Stocks

Are Chinese energy stocks set for an encore? With reopening driving up oil, gas and coal demand while OPEC+ cuts crude supply, many say energy’s 2022 strength — a bright spot in a year to forget — was a prelude to more in 2023. But don’t let energy stocks’ red-hot run obscure broader global realities: Booming oil and gas production and conservation efforts have proven shortage fears overwrought. Overhyped OPEC+ cuts won’t change that. Chinese energy’s early year jump is a trap — look to other sectors for better opportunities.

Ken Fisher is the founder and executive chairman of Fisher Investments, a money management firm serving large institutions and high net worth individuals globally.
- 1Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler
- 2Meituan Enters Open-Source AI Race With LongCat Model
- 3Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million
- 4End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently
- 5China Rolls Out Subsidized Consumer Loans to Boost Spending
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas