Where does that leave us?
Thanks to innovation, the next generation of alternative fuels is in the works. Mark Mills for Forbes says that oil demand will continue to rise as economies recover, but the supply picture isn’t going to change, meaning that we should fasten our seat belts for more potential price volatility.
Mills says anything with a hint of carbon or hydrogen can be reasonably engineered into oil equivalent fuels. As new methods appear, Mills says, it could free up the oil supply where other non-liquid alternative fuels do the trick. His book, The Bottomless Well, deals with the idea of the tech world taking over energy in the pursuit of maintaining our lives as we know them.
- iShares Dow Jones U.S. Oil & Gas ETF (IEO): up 18.2% year-to-date
- United States Gasoline (UGA): up 68.6% year-to-date
- United States Oil (USO): up 9.7% year-to-date
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