This week, we asked the Invstr Community what their opinion is on energy prices. The winner by a slim margin was the 45 percent of Invstrs who believe that prices will continue to increase by a lot. Energy prices are already high now, and with recent decisions like what happened with the OPEC+ meeting it is likely prices are going to continue their way upward. Combine that with the fact that the Russo-Ukrainian war is still ongoing, and this makes for the smartest first place vote. In second place is the 33 percent of Invstrs who believe we need to invest into renewable energy more. One of the bright spots of the rapid rise in energy prices is that it showed the value of renewable energy to the world, and the industry continues to get bolstered by government policy. However, crises like this can be avoided if renewable energy becomes more mainstream and is used more often. The only problem is that renewable energy is expensive to create now, preventing the expansion from occurring. Because this is a long-term solution, it makes sense for the second-place vote.
To close out the podium, we have two groups representing us in a tie: the 11 percent of Invstrs who believe that prices will come down soon, and the other 11 percent of Invstrs who believe energy is too expensive. The chances of prices coming down is very unlikely, but optimism is always a good thing. If a peace agreement can be made between Russia and Ukraine, that would do wonders for energy prices around the world, and governments need to be smarter with how they want to create and vote on policy that can help with the situation. If prices don’t go up, it feels as if the best scenario is that it would just stagnate, making this a smart option for third. Those who believe energy is too expensive also make a valid point, especially for Europeans. The climate is not treating most of the globe well, and it’s hard to keep up with energy costs when times like these are when we need it the most. With how common of a problem this is, it’s surprising this didn’t receive more votes.
How are you dealing with current energy prices? Have fun and see you next time with more poll results!
What do you think about all the top skills needed for investing? Have fun and see you next time with more poll results!
- The Invstr Team 🙂