2 Top Oil Stocks to Buy for the Long Haul
Countries around the globe are looking for ways to reduce carbon emissions, which is great and speaks to the current growth in the clean energy space. Only the shift from carbon fuels like oil and natural gas to cleaner alternatives like wind and solar isn't as easy as flipping a light switch. Even under the most aggressive clean energy scenarios oil and natural gas will be important parts of the global energy pie for decades to come.
There's two ways to play this space right now -- one with a focus on today, and another that looks more toward a cleaner future.
Investors looking at an energy investment are probably best off with a large, diversified name like Chevron (NYSE: CVX). This integrated energy giant's business spans from the upstream (drilling) to the downstream (chemicals and refining) sectors and everything in between. This portfolio diversification generally helps to smooth out the inherent ups and downs in the oil and natural gas markets, since downstream businesses often benefit from lower commodity prices.
Source Fool.com
