The history of tobacco companies and lead markets may hold lessons for investors
Economist and energy specialist Peter Sainsbury joins the podcast to discuss his thesis, that the fossil fuel industry faces a dilemma similar to what confounded big tobacco a generation ago.
Oil companies in particular are starting to be seen as “sin stocks” with institutions divesting themselves on ethical grounds. Much like tobacco companies reinvented themselves in the 1990s, energy companies can undergo a similar renaissance. Indeed the process of oil companies divesting harmful assets is already underway. This causes opportunities for investors. But first, expect headwinds.
Content:
- Peter Sainsbury introduces his thesis (1:59)
- The impact on energy companies’ share prices (8:16)
- What about alternate energy? (10:27)
- Background on the guest (15:58) and other areas of interest, including gold and gold miners (18:15)
- Palladium may be frothy. One little-known indicator worth tracking (23:16)
- Potential catalysts for supply-side disruption in energy markets (27:08)
For more information on Peter Sainsbury:
- Visit his website, Materials-Risk.com
- Follow him on Twitter
- Check out his books, Commodities, 50 Things You Really Need to Know and Crude Forecasts: Predictions, Pundits and Profits in the Commodity Casino
Not intended as investment advice.