Europe Shows Wind And Solar Investments Are Not Reliable

Recent data out of Europe shows that despite massive amounts of money spent invested in wind and solar, not much energy production is gained. Continue reading →

Here’s the Best Way On How to Protest the Dakota Access and Keystone Pipelines 

I think oil and natural gas are one of the best discoveries man has ever found. But there is a growing population that don’t Continue reading →

Oil Stocks Outperform in State Pension Funds

WorldOil.com is showing interesting investment returns on state pension funds invested in oil. The study was done by Sonecon.

On average, $1 invested in oil and natural gas stocks in 2005 was worth $2.30 in 2013. By contrast, $1 invested in all other assets over the same period was worth $1.68.

While oil and natural gas stocks make up, on average, 4% of holdings in the top public pension funds, they accounted for, on average, 8% of the returns in these funds from 2005 to 2013, according to the Sonecon study.                                    

The report examines the top two public pension funds in 17 states, which collectively cover more than half (55%) of all workers in the U.S. who participate in state and local government pension plans.

States analyzed in the report are: California, Florida, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Ohio, Pennsylvania, South Carolina, and West Virginia.

Another Drop in Oil Rig Production

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Baker Hughes is showing another 43 oil rigs taken out of production which means it now has passed the “500 Mark” of rigs out of production. The total count of rigs out of production compared to this time last year now stands at 502.