Electricity Market Set For A Major Rebound ...Middle East

OILPRICE - Economy
Electricity Market Set For A Major Rebound
source : OILPRICE ( Middle East ) () 26
It’s hard to believe, but electricity stocks used to be revered by investors the way FANGMAN stocks are today. To be more precise, they were bid up to lofty valuations, as were the Nifty Fifty group of US equities which included industrial giants such as the Generals— Motors and Electric, IBM, Kodak and Westinghouse. During this period, as the US’s industrial hegemony was ending, domestic electricity output grew twice as fast as the economy. But the Middle East Oil Embargo in 1973 slammed the brakes on that growth, slowing it…

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