3 Great Reasons to Buy This Oil Giant Despite Investor Fears
The world is shifting away from carbon fuels and toward clean energy sources like solar and wind. That isn't in dispute, but it isn't the whole story, either. While clean energy is growing, oil and natural gas are still vital and necessary. That's exactly why France's Total (NYSE: TOT), and its fat 7% dividend yield, could be one of the best options for investors in the energy patch. Here's what you need to understand.
Even the most aggressive clean energy projections out there recognize that oil and natural gas are going to remain important to the world's energy markets for decades to come. The logic isn't complicated, either. You can't simply replace the current infrastructure overnight -- it will take time. ExxonMobil (NYSE: XOM), for example, has highlighted that it took 100 years for oil to displace coal as the biggest player in energy. While this transition may be quicker, there's still a long way to go before carbon fuels are dead.
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Source Fool.com
