U.S. Oil and Natural Gas Marching to its Own Beat
The Energy Information Administration (EIA) announced Monday that U.S. production of oil and natural gas should continue at its robust pace at least through 2016. And, in the case of natural gas, production is likely to spike well beyond 2016 — as in 40 years beyond. The EIA’s findings are a part of its 2014 Annual Energy Outlook, which looks at various factors affecting production through the year 2040. This information backs up a report published by the International Energy Agency (IEA) — a watchdog group that earlier reported the United States would soon overtake Russia and Saudi Arabia as the biggest oil producer on the planet. So, how will you profit from America’s ascendency to the top of the oil pecking order — by playing fracking companies like Halliburton, through commodities and the price of oil, or through oil futures? Whichever way you choose, it looks like investing in oil and natural gas production in the United States will be a hot topic for years to come.