This Rail Should Keep Chugging Higher
The "fiscal cliff" issue continues to dominate the news, taking the oxygen away from most other stories that investors would ordinarily be watching. One item that folks may have missed is this: On Tuesday, the U.S. Energy Information Administration said U.S. crude-oil production reached its highest level for nearly 15 years in September. Production was up 16% year over year, and now stands at 6.5 million barrels per day. Domestic energy production expansion continues to be one of the most positive stories over the last half-decade in this country.
When oil-and-gas production increases from so many sources throughout the nation, one of the challenges is being able to build all of the infrastructure necessary to bring the additional production to market. Although thousands of miles of new pipeline have been built over the past few years, there are still areas where pipeline cannot bring production to market. Energy production in those areas commands a lower price due to the extra costs necessary for alternative transport -- that is, truck or rail....437 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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