Congresswoman Marjorie Taylor Greene revealed that she bought up to $15,000 worth of Devon Energy stock (DVN) in January and up to $15,000 worth of shares in February. These purchases come at a time when the energy sector is undergoing big changes.
Global energy demand surged by 2.2% in 2024, almost double the average growth rate of the last decade, driven by heatwaves, industrial growth, and the electrification of data centers. Fossil fuels remain dominant, with oil and gas production rising alongside renewables, but price swings have kept investors on edge. Brent crude (CBM25) averaged $81 per barrel last year, still significantly above pre-pandemic levels.
