Looking ahead to the future of energy production, there’s no...

Looking ahead to the future of energy production, there’s no mistaking that changes are looming on the horizon. Energy companies across the board will need to be both leaner and cleaner. This means investing capital into partnerships and joint ventures with clean energy companies as well as innovating internally. Business models will also change. As the need for efficiency grows, digitalization will be an increasingly important driver in that process. One great example of these trends is $Phillips 66(PSX.US)$ , a member of the S&P Energy Index. Phillips 66 recently announced an investment into Novonix, an Australian-based materials supplier for lithium-ion batteries. $Direxion Daily Energy Bull 2X Shares ETF(ERX.US)$