Tap These Domestic Energy Plays
A key theme of the president's State of the Union address last night was the continued need for greater domestic oil production. Indeed, according to the U.S. Energy Information Administration, domestic oil production in the U.S. has increased by 14%, to 5.8 million barrels per day, during the first three years of the Obama administration.
Over the past three years, Brent crude has risen from $50 per barrel to more than $100 per barrel today. A gallon of gasoline in the U.S. sits near all-times highs. To be sure, the U.S. benefits in a number of ways from producing its own oil. But at the end of the day, it's likely that other parts of the world will be able to produce a barrel of oil much cheaper than we can here....385 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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