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Another bad year for energy stocks

In a new report the Institute for Energy Economics and Financial Analysis (IEEFA) notes that "the energy sector (which does not include renewable energy) finished dead last in the S&P 500" for the second straight year. The destruction of value in industry is so significant, in fact, that the energy sector now comprises only 4.3% of the S&P index stocks, compared with 28% in the 1980s, according to IEEFA.