3 Stocks to Buy to Benefit from a Looming Energy Crisis

If we look at stocks to buy for the long term, the energy sector is likely to remain an important focal point for investors. A report by International Energy Agency indicates that the world is facing its first “truly global energy crisis.”

Geopolitical factors remain the key reason for this situation. The European Union embargo on Russia oil imports likely to intensify disruptions in energy markets in 2023. Furthermore, the Organization of the Petroleum Exporting Countries (OPEC) has pursued production cuts amidst economic uncertainty.

Even as the world gradually shifts towards cleaner energy sources, fossil fuels will remain of key importance to all regions of the world. Thus, it’s not surprising that Warren Buffett has aggressively invested in two quality oil and gas exploration companies in 2022.

Of course, higher fossil fuel prices also imply that investments will accelerate in the alternative sources of energy. Attractive investment ideas would therefore include renewable energy sources and themes like electric vehicles.