Looking for Offshore Prospects

Fracking technology and shale plays have received most of the headlines recently as domestic oil production increases impressively. It is the key reason for the massive growth in domestic oil & gas production over the last six years that is moving the U.S. to energy independence. My portfolio holds many names that are seeing robust production increases as a result of this technical development. Pipeline and oil services companies are also benefitting from this production expansion, and they have appeared in my column as well as my portfolio.

As important as fracking is for expanding domestic energy resources, it is not the only technology enabling new energy sources to be developed globally. Technology that allows companies to drill deeper in waters to bring new fields on line is an increasingly important catalyst to supply the world with the oil it needs to meet growing demand in the developing world. The offshore space should continue to see robust activity as long as oil stays near historically high levels....272 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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