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Petroleum: Investing Essentials

Petroleum has played a role in society for eons with evidence found that petroleum was used as far back as ancient Babylon to make asphalt for building walls and towers. Ancient tablets from Persia indicate that petroleum was used for medicinal purposes and for lighting. Today we use petroleum-based products for everything from fueling our cars to manufacturing plastic.

Source: ExxonMobil Investor Presentation.

Meanwhile, demand in the petrochemical industry is expected to rise from about 150 million metric tons per year to nearly 250 million metric tons, with about two-thirds of that growth coming from Asia.

Even amid the growth of renewable energy options, the petroleum industry's future is very strong. Emerging markets will be a big driver of demand going forward, as petroleum will remain key to fueling cars and commercial vehicles, as well as in meeting growing demand for petrochemicals. The industry offers investors a wealth of opportunities, from small petroleum producers to major integrated energy companies.

The article Petroleum: Investing Essentials originally appeared on Fool.com.

Matt DiLallo has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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