Energy
Energy is the lubricant which allows an economy to run. It has been a driving force behind America's meteoric rise on the world scene, and the driving force behind the wealth accumulation in the Middle East. The nation or region which controls its energy resources and is able to internally meet its own energy needs garners enormous power, assuming it can efficiently use those resources to fuel a vibrant and growing economy.
America has been at the forefront of energy development and technology for the past century. Now, it appears more and more likely that the nation will continue to lead the world throughout the 21st century, as private enterprise develops new ways to tap natural resources and the technology to develop alternative energies in such areas as solar, wind, and hydrogen.
American leadership in the the energy sector will reshape geopolitics. While it is rarely stated outright, certain other nations and regions of the world are palpably fearful of what this new American might will mean to them.
The Energy sector is comprised of two group classifications and seven specific industries, as follows (along with their GICS® codes):
America has been at the forefront of energy development and technology for the past century. Now, it appears more and more likely that the nation will continue to lead the world throughout the 21st century, as private enterprise develops new ways to tap natural resources and the technology to develop alternative energies in such areas as solar, wind, and hydrogen.
American leadership in the the energy sector will reshape geopolitics. While it is rarely stated outright, certain other nations and regions of the world are palpably fearful of what this new American might will mean to them.
The Energy sector is comprised of two group classifications and seven specific industries, as follows (along with their GICS® codes):
- Energy Equipment & Services (101010)
- Oil & Gas Drilling (10101010)
- Oil & Gas Equipment & Services (10101020)
- Oil, Gas, & Consumable Fuels (101020)
- Integrated Oil & Gas (10102010)
- Oil & Gas Exploration & Production (10102020)
- Oil & Gas Refining & Marketing (10102030)
- Oil & Gas Storage & Transportation (10102040)
- Coal & Consumable Fuels (10102050)
