PowerShares Dynamic Oil & Gas Serv (ETF) (PXJ)

I'm widely against investing in Oil and Gas companies that only focus on E&P. I think while that sort of thing will be essential for quite some time to come, the companies aren't going to have the 3-4 decade viability that I'm looking for in my portfolio. Companies focusing a lot on services will be in a good position to profit off of E&P demands, but they will also have the know how and technology necessary to develop additional infrastructure to the currently changing energy mix. PXJ has a good distribution of companies and I think it will be a solid investment, definitely beating the S&P even if a correction occurs.

This year the world is going to produce 85 billion barrels of oil and we are going to consume 86.2 billion barrels.

Every year supply drops by 6 million barrels due to wells going dry, so to increase supply we have to grow by more than 6 million barrels, and the easy oil finds are disappearing. Oil is going nowhere but up over the long term.

This has nothing to do with the weakness of the dollar. It is entirely a supply and demand issue.