If you're worried about U.S. oil stocks, today's essay is for you...
Over the past few months, the price of oil has crashed. Meanwhile, many oil stocks are down double digits.
That's a big loss. But the downturn is creating a great opportunity for investors...
As regular Growth Stock Wire readers know, new drilling techniques have allowed the U.S. to tap into vast oil and gas reserves locked away in shale.
As a result, U.S. oil production has increased 63% from the low in
2008 to today. That's a massive increase in a short period of time. And
as we've shown in these pages before, these technologies will help U.S. oil production keep soaring.
But rising supply of oil and a strong U.S. dollar have
caused the oil price to fall recently. West Texas Intermediate (WTI)
crude oil has fallen from around $106 per barrel in June to about $83
per barrel today. (more)
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