European Funds Don't Like Oil Anymore

[Carlsbad + 19]

European investors seem to be weaning themselves off fossil fuels because, long-term, they see the rise of electric vehicles as a game-changer. Major fund managers see oil as an ex-growth or declining sector. And they're pulling tons of money out. At this point, they only like them for dividends. 

 

 

[LAOIL + 33]

More proof of this today with announcement that Norway's $1-trillion pension fund wants to dump oil and gas ..

http://money.cnn.com/2017/11/16/investing/norway-oil-fund-dump-stocks/index.html