Gabelli Funds Analyst Simon Wong in MarketWatch

Here’s how to play oil-industry stocks for long-term growth of 20% or more

Oil producers continue to underinvest in supply, and daily usage levels are expected to hold up for many years, even with the transition to electric vehicles

Oil demand is likely to hold up longer than many people expect during the anticipated transition to electric vehicles. And changes in the industry point to oilfield services companies as good long-term growth investments as offshore production ramps up.

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