It’s not a pipe dream: Energy independence is possible in the U.S., and it could put the country on the path to prosperity, says John Mauldin, president of Millenium Wave Advisors, in an interview with King World News.
“As it turns out, we have found so much natural gas and oil in this country, with the new procedures and the new technology, that we can become energy independent in less than 10 years, may even by the end of the decade," he said in the interview.
Over the past several years, the face of the oil and gas industry has undergone some significant changes, says Tyler Kocon with Split Rock Private Trading, and manager of the Bakken Shale investment model at Covestor.
New vertical drilling techniques, horizontal drilling, and hydraulic fracturing have combined to allow companies to uncover vast amounts of oil and natural gas hidden in the porous rock lying miles beneath the surface.
“Hydraulic fracturing and horizontal drilling have provided a key to unlocking some view of what hopefully ultimately becomes American energy independence,” Kocon wrote earlier this month.
The Bakken investment model at Covestor attempts to capture both the growth and innovative changes occurring throughout the domestic energy industry through investments in companies that utilize the new drilling techniques.
Want to learn more? Talk to us at Covestor. You can call us at 866-825-3005 X 703 in our New York office. We can provide you with a lot more information and help you decide if one of our investment models is right for your personal investment needs.
Invest with us, and your money is held in a top-tier brokerage account bearing your name, separate from everyone else's money. It's not sloshing around in a big pool run by us or some third party, and there is no one earning interest on it.
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photo by: rcbodden