Kevin Duffy on investing in energy stocks

You have to be willing to be politically incorrect.  It takes a certain amount of courage to do that, and most people aren’t wired that way.  The green energy lobby has basically been trying to put fossil fuels out of business, but that’s the type of industry that interests me.  Oil and gas companies provide a vital commodity in which supply is severely constrained by ideology and politics.  Reality is starting to sink in that we can’t just cancel fossil fuels and that this was always a delusion.  So even though many commodity prices will go down, energy prices should be a lot stickier.

~ Kevin Duffy, "We're Dealing With a Very Different Animal," The Market, July 18, 2022