Oil is Where the Action Is

The stocks of energy (oil & gas) companies are leading the market higher much to the surprise to us and many market observers. The US oil and gas industry is undergoing a renaissance. Fracking has made oil and gas production cheaper and easier than one could imagine. There was a time when the search for oil and gas was the challenge. But that is no more. Now all the cost is in the drilling and production because the industry knows where the oil & gas is located. All they have to do is push a straw in the ground and pull it out.

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