Only this new development is blowing up faster than anyone ever predicted.
Corporations are reporting record production numbers and posting record profits from shale plays across America.
Old land that previously lay dormant is now being sold for tens of thousands per acre.
Areas once abandoned for being “dry” are producing swaths and swaths of crude.
And the number of drill rigs operating in the US – after nose-diving in 2009 – has more than doubled and now blankets the landscapes of North Dakota, Montana, Texas, and the Rockies.
In fact, the U.S. government recently released a gushing new report on our thriving oil sector:
- The U.S. reduced net imports of crude oil last year by 10%, or 1 million barrels a day.
- The U.S. now imports 45% of its petroleum, down from 57% in 2008.
- U.S. crude oil production increased by an estimated 120,000 barrels a day last year over 2010.
- Current production of 5.6 million barrels a day is the highest since 2003.
This meteoric rise in shale oil has triggered an energy boom that’s erupted like a volcano – practically overnight.
Bathing In Riches
In just the last few years, companies like Kodiak Oil & Gas, Brigham Exploration, PetroBakken, Oasis Petroleum, Voyager Oil & Gas, Earthstone Oil & Gas, and GeoResources have seen their market values soar.
And along with that, early investors have enjoyed sizable returns – to say the least.
Fracking has made all of this possible and now America is bathing in riches.
But let me also point out that this style of drilling is still in its infancy.
So far, it is already bolstering domestic supplies and providing thousands of much needed jobs.
However as the industry continues to surge ahead, technology will continue to improve, recovery rates will increase, new oil targets will be uncovered, and environmental concerns will ease.
Sure, it’s not the magic bullet that will cure our dependence on foreign oil…
But the rapid emergence of domestic shale oil due to fracking finally offers a huge and reliable source of crude that we’ve so desperately needed.
American is better for it and anyone who tells you otherwise, simply doesn’t know what they’re talking about.
As far as I can tell, it’s an absolute no brainer.
I’m telling my readers to BUY INTO domestic shale oil stocks right away.
Breakthroughs like this only come once in a lifetime.
for Top Stock Millionaire