The Energy Revolution Intensifies

This latest rise in energy prices will have at least three distinct impacts. First, the stock market will see new leadership from the oil and energy sector. Oil and energy indexes and ETFs will gain in popularity with institutional and retail investors alike.

Second, rising oil prices are going to have knock-on effects in the world’s currency markets. Oil, of course, is priced in dollars. And as it rises, governments around the world will have to decide how to handle the double whammy of rising oil prices and a falling dollar.

Third, rising energy prices are going to intensify the great game of geopolitical chess that’s unfolding before our eyes. There are many players in the game, but the key ones are Iran, Russia, China, and the United States.
Financial Sense Online