The U.S. will be the world’s largest energy producer by 2017, energy-independent a few years after. Today it is already a net refined petroleum products exporter. Why? How? Fracking — the cracking open of previously “too hard to drill” shale formations.
The U.S. has more known shale formations with production possibilities than any nation on earth. The U.S. Geological Survey just doubled estimates for the formations in North Dakota, now the second leading oil-producing state. Across the country, in Pennsylvania, the Carlyle Group (CG) has invested in a refinery simply to process natural gas liquids (NGL) coming from the gas-rich shale formations in the other part of that state.
The gold rush — the hydrocarbon rush, the fracking rush — is on. And opportunities for investors are immediate — and many.
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There are many so-called fracking plays. An entire cottage industry of MLPs has emerged and is looking to waste your money. A word to the wise: avoid those dry wells and go for the companies benefitting from the boom.
On the following pages are 5 great picks among stocks related to the fracking industry, leading America’s energy boom: