The prices of energy have been changing for several months now. Every week and month, the prices would drop and rise, and this trend has been transferred to this year too. Worry is written in all investors faces as the troubled sector continues to deteriorate in the New Year. Investors do not trust the sector anymore, and the future is hard to predict. Russia and Saudi Arabia had attempted to solve the dropping prices by freezing the production of oil just recently. The countries wanted to starve the market and increase the prices in a short time. This did not work because some countries did not cooperate. Iran specifically declined to participate, claiming that they would oversupply their oil in the starving market. Iran did this to get back to the countries that had imposed serious sanctions on them.
The decision by Iran complicated the issue. Many experts and investors had hoped that oil freezing was the solution, but this isn’t going to get solved anytime soon. In important countries like America, the prices of energy have been affected too, declining by over seventy percent, something that has never happened in the energy market. This clearly shows that the market has deteriorated.
The Street reported investors have more reasons to get worried. Popular billionaire, George Soros, has acted through his company, the Soros Foundation. The billionaire has withdrawn all his shares that were invested through the company, and if we are to judge by actions, the energy prices will be dropping soon.
If the decision by George Soros is anything to go by, the energy sector is a no go zone for investors this year. Investors are expecting more losses, and things could even get worse, bearing in mind the freezing idea did not succeed. 3 energy companies where the Soros Foundation had invested their money will be the first group to be affected by the withdrawal of investors.
To become a billionaire in the modern competitive world, an individual ha to invest a handsome amount, probably a billion, and this will earn them billions in profits. Money has to be invested in order to get handsome revenue.
The other way to become a billionaire is by copying what the real billionaires do. You can sell your shares when they do that and buy others when they do that. This will ensure that you are on the right track and that your money will keep on increasing.
George Soros is a popular philanthropist and hedge fund manager in the United States. He is very wealthy and influential in the controversial issues in the modern world. He is the founder of several companies and foundations. The most popular foundations from him include Open Society and Soros Foundation.