Opinion: The energy independence of the U.S. and its allies is an enduring tailwind for oil and gas stocks

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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

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.