Increasing Demand And Current Policy To Drive Steady Growth In Fossil Fuel Energy And Faster Growth In Non-Fossil Fuel Sources
Portfolio Pulse from Benzinga Newsdesk
According to the EIA Administrator, the demand for fossil fuel energy is expected to increase steadily due to current policies. However, non-fossil fuel sources are projected to grow at a faster rate.
October 11, 2023 | 1:51 pm
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The United States Natural Gas Fund (UNG) may experience a steady growth due to the increasing demand for fossil fuel energy.
As UNG is a fund that invests in natural gas futures, the increasing demand for fossil fuel energy, as predicted by the EIA Administrator, is likely to drive its growth.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The United States Oil Fund (USO) may also see a steady growth due to the increasing demand for fossil fuel energy.
USO, which tracks the price of West Texas Intermediate light, sweet crude oil, is likely to benefit from the increasing demand for fossil fuel energy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70