Opinion: The energy independence of the U.S. and its allies is an enduring tailwind for oil and gas stocks
Energy stocks are cheaply valued despite a big runup this year
Russia’s war campaign has jarred the Western world into the realization that energy independence is necessary.
By taking advantage of German dependence on Russian natural gas, Russia has weaponized its energy industry and changed the global paradigm. More than a quarter of Germany’s energy is purchased from Russia, mostly in the form of natural gas.