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Buy Hold Sell: The commodities that still run the world (and 4 ASX stocks to play them)
The world is meant to be moving away from oil and gas, yet we are consuming more of it than ever.
Global oil demand is now running at more than 102 million barrels per day, above pre-pandemic levels, and expected to continue growing according to the International Energy Agency. At the same time, oil and gas still account for roughly 55% of global energy consumption, underscoring just how far the transition still has to run.
That’s not to say the shift isn’t happening. Renewables now generate close to 30% of global electricity, and clean energy investment has surged past US$2 trillion…
The skinny
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