We aren’t going to tell you that energy investment hasn’t been diversified over the past few years thanks to the introduction of EVs, but there is still a huge demand for oil in an investment capacity.

This is down to the simple fact that oil consumption isn’t decreasing, but is actually increasing in many countries around the world. With this consumption growth, the demand for crude oil has steadily continued to grow since 2006.

Not only this, but certain vehicles and machinery can only run on diesel and gasoline, such as trucks, heavy equipment, and machinery. This is in addition to plastic production, which is far from decreasing, and which uses gasoline as a key ingredient for manufacturing.

This makes investment in oil more than worthwhile and highly profitable for investors.

While oil has become less abundant around the world, that doesn’t mean that it’s becoming a bad investment. As we know, humans are an innovative bunch, so rather than oil reserves dwindling to extinction, we’ve just become better at finding and extracting it.

With new technologies and discoveries, the US currently produces 28% more oil than during the “peak of oil production” era of 1970. The USA also now holds the title of the world leader in oil production, with a strong lead over Saudi Arabia, which comes in at number 2.

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