According to Fundstrat’s Tom Lee, oil was one of the market’s biggest headwinds earlier this year but even if it turns into a headwind, it still offers an important lesson for investors. . “For years, our customers thought energy was a group they could ignore because the world was moving toward renewable energy,” he said during a CNBC professional talk Tuesday. “But it turns out that because of the ongoing and current dependence on fossil fuels, energy security is a big deal. That’s really helpful for energy stores.” Crude oil started the year at around $76 a barrel, but climbed above $100, pushing gasoline prices higher and raising inflation expectations. However, even at a time when uncertainty over Russia’s war with Ukraine lingers, oil prices were back below $80 a barrel on Tuesday. “Price is not increasing as many people expect, people are calculating very linearly about [if] If you cut this item, the price needs to be adjusted. But what we see in 2022 is a lot of innovation” in the way Europe provides energy, Lee said. Lee also said oil prices have not increased as much as people think. Security of durable energy supplies Sustainable and future-proof isn’t enough, but he added that there will be “new ways” to deal with higher prices, but energy stocks have “maintained bullish momentum” because their valuations are too low. “If energy is important to the economy as we understand it – you can’t really run an economy without an energy supply – then energy stocks must have a capital level “Those things could still double next year on a flat market.” Also, Lee said for now, energy is enjoying benefit from seasonal trends.