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Trade EU’s Energy Crisis — Top Liquefied Natural Gas ETF
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Energy independence.
It’s a simple idea where a country produces more energy than it consumes.
Achieving it, however, is a different story.
According to the U.S. Energy Information Administration, in 2020, the U.S. produced 95.75 quads (a common unit of measure for energy resources) and consumed 92.94 quads — so, technically, we were energy independent that year.
But we also export some of that energy, requiring us to import things like oil and other petroleum products each year. So, in that sense, we can’t claim total energy independence.
Countries in Europe are learning this lesson the hard way as they try to eliminate their dependence on Russia for energy sources like liquefied natural gas. Russia invading Ukraine brought the issue into the spotlight.
Because there is limited access to natural gas in Europe, the European Union needs outside sources.
In this episode of The Bull & The Bear, I’m going to share an energy trend I’ve discovered and how you can find profit from it.
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