Professionally Speaking

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Posted April 25, 2008
Recording time: 14:07

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As Global Demand For Oil Rises, Expect Expensive Energy Cost Increases

It’s not wrong to buy a hybrid vehicle or drive a car that gets more miles per gallon, but nothing is going to change the fact that “it’s going to be much more expensive to get oil and gas out of the ground in the future so we’ve got to be willing to pay more for energy from here on,” advises Raymond James’ Director of Energy Research Marshall Adkins, says it is useless to pinpoint blame anywhere but at that figure in the mirror. Americans got used to cheap energy and developed a sense of “right” to it – but the energy situation isn’t going to get any better. We just haven’t realized it until now,” Adkins says in this edition of Professionally Speaking, hosted by Larry Pugliese.

For personalized advice on how the current energy situation might present an opportunity for your portfolio, please contact a Raymond James financial advisor.

All expressions of opinion reflect the judgment of the Equity Research Department of Raymond James & Associates at this time and are subject to change. Information has been obtained from sources considered reliable, but we do not guarantee that the material presented is accurate or that it provides a complete description of the securities, markets or developments mentioned. Other Raymond James departments may have information that is not available to the Equity Research Department about companies mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this presentation's conclusions. We may perform investment banking or other services for, or solicit investment banking business from, any company mentioned. Investments mentioned are subject to availability and market conditions. All yields represent past performance and may not be indicative of future results. Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd. are wholly-owned subsidiaries of Raymond James Financial.