I have a confession to make.
Like other market watchers, I’ve spent the last few years digesting the consequences of the financial meltdown of 2008.
In the meantime, I’ve barely paid attention to a more lasting and fundamental shift in the U.S. economy — the emergence of the U.S. economy as the worldâ??s #1 â??petrostate.â?
This shift has serious implications for where to invest your money in the coming decade.
President Richard M. Nixon first called for U.S. energy independence in 1973 after OPECâ??s oil embargo. Forty years later, the United States is well on its way toward achieving Nixonâ??s seemingly unattainable goal.
Up until recently, U.S. oil production was in serious decline, falling from a peak of 9.6 million barrels a day in 1970 to just under 5 million by 2008. Since 2008, shale oil production in America has soared from 600,000 to 3.5 million barrels per day, pushing overall oil production to 7.4 million barrels a day last year.
Read more about how you could make money from America’s new fracking revolution at Eagle Daily Investor.