The saying “no one ever got rich by working a 9 to 5 job” is proving to more true with every working day. The fortunate out there are those whose jobs cover their expenses, without having to borrow any money. The unfortunate, however, do have to take loans to pay their bills and get their needs. This is why investing whatever money you can is always a smart choice. While most people flock to the stock market and real estate –– which are very good options actually –– there are other fields and sectors out there that are just as worthy of investment, if not more. One of those sectors is energy, and this is why you should start considering investing in it, and why it promises big bucks.
Huge markets
Saying the energy market is the biggest and most valuable on the planet would be an understatement. You need only know that it’s valued at over 7 trillion dollars, worldwide! The amount of money is staggering, and it gives you an idea of how big and important energy is in the market. Some of the biggest and richest companies in the world work in the energy sector. And if you think about it, that does make sense because we need energy for pretty much everything.
Exponential growth
Another feature that separates energy from any other sector is the fact that its growth is exponential, and future predictions show that this sector will grow at even larger rates. It’s expected that energy demand will grow by over 30% over the next 20 years, with countries’ populations increasing and the demand for different forms of energy growing. This is why investing oil price is expected to grow at a surprising rate –– it’s expected that oil demand will be around 100 million barrels per day over the next two decades! With this increase, oil price will increase, making it an excellent investment option right now.
We need it
Fact is, everything requires energy. Our daily lives are dependent on energy in almost every possible field. Whether it’s flying a plane or a car, or keeping the lights and equipment on in a hospital, we need it in every facet of our lives. And that is unlikely to change in the future. There will always be a demand for energy, which means it’ll always be a good investment and good money will always come of it.
Different markets
Another reason why the energy sector means big bucks is the diversity of the entire industry. When you say energy it could mean anything, oil, gas, electricity, solar energy, wind energy, coal, and so on. The possibilities are endless, and with each one comes a myriad of investment options. The trick is in knowing where and when to invest, and after that, it’s only a matter of time before the big bucks start rolling in.
To meet the increasing demand for energy, companies and investors have to put in trillions of dollars over the upcoming years as investments. So, the sector isn’t exactly showing any signs of slowing down, and it won’t. Until they discover a source of unlimited energy for all mankind, like the ones you see in Hollywood movies, the demand and investment will never stop. So, you might as well invest now and make some big bucks while you’re at it.