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September 01, 2020 10:27am
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Tuesday’s ETF To Watch: International Energy ETF (IPW)

By: ETFdb
The now infamous Deepwater Horizon oil rig disaster has sent millions of gallons of oil into the Gulf of Mexico and threatens to destroy the once-pristine beaches and wetlands of much of the Southeastern United States. This disaster could not have come at a worse time for the struggling region which has seen higher-than-average unemployment figures and anemic growth levels. This trend looks likely to continue as thousands of fishing and tourism jobs disappear from the Gulf due to the spill and fears over the safety over eating products from region or visiting the coast. In fact, some studies believe that the cost to the Gulf in terms of lost tourism dollars could approach $23 billion and last for three years. While this disaster has had a devastating impact on the environment and local businesses, it has also dealt a heavy blow to a variety of multinational companies involved in [...] Click here to read the original article on ETFdb.com. Related Stories: The Unlikely ETF Loser From Gulf Oil Spill Three ETFs To Watch This Week: IAH, FXB, OIH Three ETFs To Watch This Week: EWU, PPH, XRT
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