For several years now, the energy sector has been one of the most productive sources of investment return. As oil broke through the $30 and then $40 per barrel barrier in 2004, we focused on this change in the global energy markets, its sources, and the opportunities it would bring across economic sectors and, indeed, the globe. At the time, many attributed oil’s initial ascent as a by-product of the war in Iraq and as an example of a “fear premium” being embedded into its price. Since then, however, it has become clear to us that a far more potent, and ultimately positive factor, explains oil’s continuing ascent: the rise of emerging economies led by China, India, Brazil, and Russia. Today, we see an urgent need for action here in the United States because we believe a compelling opportunity exists for the United States to assert global leadership as we elect a new president.

Attachment	Size
Alger Market INSIGHT.pdf	37.7 KB