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How to Strike It Big in the New Energy Boom

WSJ -- First there was the tech boom. Then the housing bubble.

Now, new profits and investment opportunities are emerging from the surge in U.S. gas and oil production. Innovations in drilling techniques—such as hydraulic fracturing, or fracking, and horizontal drilling—have made it easier to extract oil and natural gas from shale and other rock formations. That has boosted production and led to billions of dollars of profits for some early pioneers and investors.

"America stands on the verge of a major change that puts it on a course to near self-sufficiency" in energy, says Tobias Levkovich, Citigroup's chief U.S. equity strategist, who says the energy surge is a key reason to be upbeat on the market and U.S. economy.

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Submitted Feb 05, 2012 By: skb69sa

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NHLiveFree Champion Author New Hampshire Posts:8,015 Points:1,269,250 Joined:Jun 2008	Message Posted: Feb 5, 2012 8:47:54 PM Ignore NHLiveFree Report Abuse Now the latest get rich scheme, as pushed by Citigroup and CitiBank. Enron is alive and well!
my2002m Champion Author Tulsa Posts:4,234 Points:1,304,370 Joined:Jul 2008	Message Posted: Feb 5, 2012 8:42:20 PM Ignore my2002m Report Abuse Now we need just need some different vehicles to choose from other than just one.
LostToo Champion Author Illinois Posts:3,601 Points:814,825 Joined:May 2009	Message Posted: Feb 5, 2012 7:08:08 PM Ignore LostToo Report Abuse I don't know anything about all that. But I'm happy If I get to keep typing "FRACKING" here. And nobody sends me emails telling me to watch my language.
heysailor Champion Author Pittsburgh Posts:7,742 Points:1,968,065 Joined:Mar 2006	Message Posted: Feb 5, 2012 6:58:15 PM Ignore heysailor Report Abuse The WSJ used to be pretty good; then Murdoch bought it. Not worth the ink used to print it now.
Jeff1944 Champion Author South Dakota Posts:3,476 Points:771,695 Joined:Jan 2010	Message Posted: Feb 5, 2012 6:51:44 PM Ignore Jeff1944 Report Abuse Go to North Dakota
bullman68 All-Star Author St. Louis Posts:596 Points:294,000 Joined:May 2011	Message Posted: Feb 5, 2012 6:25:24 PM Ignore bullman68 Report Abuse Snake oil salesman.
davidel57 Champion Author Houston Posts:5,108 Points:929,185 Joined:Apr 2008	Message Posted: Feb 5, 2012 6:16:19 PM Ignore davidel57 Report Abuse Big oil strikes it rich!
jcotaxi Veteran Author South Bend Posts:426 Points:95,895 Joined:Jun 2011	Message Posted: Feb 5, 2012 5:46:26 PM Ignore jcotaxi Report Abuse If every adult in the USA were required to own at least 10 shares of an American oil company, there would be a whole lot less complaining going on. (If we can be required to buy health insurance, why not require ownership in oil?)
akitaone Champion Author Tampa Posts:1,309 Points:80,750 Joined:Feb 2011	Message Posted: Feb 5, 2012 5:06:41 PM Ignore akitaone Report Abuse yea un huh sure
teafortwo Champion Author Washington Posts:16,935 Points:1,022,605 Joined:Feb 2009	Message Posted: Feb 5, 2012 2:42:57 PM Ignore teafortwo Report Abuse BIG OIL & GAS love us This deck was stacked a long time ago by the inside traders Isn't it just cheery to know how much BIG OIL & GAS love us
Charley_7 Veteran Author New York Posts:291 Points:136,940 Joined:May 2011	Message Posted: Feb 5, 2012 1:44:07 PM Ignore Charley_7 Report Abuse Energy bubble!
kx250 Champion Author Michigan Posts:1,396 Points:766,725 Joined:Oct 2008	Message Posted: Feb 5, 2012 1:06:54 PM Ignore kx250 Report Abuse cheap energy will do the same thing to liberals as putting a dutchman in a round room and telling 'em there's a penny in the corner.
Papa_Gallo All-Star Author Houston Posts:912 Points:234,775 Joined:Mar 2011	Message Posted: Feb 5, 2012 10:47:37 AM Ignore Papa_Gallo Report Abuse I don't get it. The same people who complain about the huge profits the oil and gas companies make, are now warning people not to own these profitable, greedy companies because their profits are too RISKY?
2granny Champion Author Michigan Posts:7,665 Points:1,100,430 Joined:Apr 2009	Message Posted: Feb 5, 2012 9:57:16 AM Ignore 2granny Report Abuse Sounds good if you can afford to take the risk.
fuelconscious Champion Author Los Angeles Posts:2,127 Points:547,795 Joined:Jan 2008	Message Posted: Feb 5, 2012 9:49:47 AM Ignore fuelconscious Report Abuse Oil exploration stocks are a great buy.
BudsterMO Champion Author Kansas City Posts:1,895 Points:344,730 Joined:Aug 2009	Message Posted: Feb 5, 2012 9:05:13 AM Ignore BudsterMO Report Abuse ???????????????
fowlcan All-Star Author Oklahoma City Posts:647 Points:335,865 Joined:Feb 2011	Message Posted: Feb 5, 2012 8:47:13 AM Ignore fowlcan Report Abuse Buyer be ware! I would not purchase oil stock I could not afford to loose all my money. Remember the word ""Whipsaw".
Norm10 Champion Author British Columbia Posts:1,823 Points:89,320 Joined:Dec 2010	Message Posted: Feb 5, 2012 8:43:11 AM Ignore Norm10 Report Abuse Just buy oil stocks - then sit back and enjoy your profits.
albert2008 Champion Author Winnipeg Posts:5,524 Points:1,120,060 Joined:Sep 2008	Message Posted: Feb 5, 2012 8:10:56 AM Ignore albert2008 Report Abuse time tells all
NedW Champion Author Indianapolis Posts:3,771 Points:784,670 Joined:Mar 2008	Message Posted: Feb 5, 2012 8:07:16 AM Ignore NedW Report Abuse Tnerbeel is correct. When I worked in the east Texas oil fields fracking was done towards the end of the production period of wells, causing the formation to release more of the crude it contained. Well locations often had frac tanks on them which contained the sand and solution used to pump down the well under high pressure. The sand granules acted as miniature swedges to open up and keep separated the layered structuring of, what in that area was called, the Austin Chalk formation, circa early '80s. [Edited by: NedW at 2/5/2012 11:09:24 AM EST]
DutchTreatMI Champion Author Grand Rapids Posts:1,650 Points:398,215 Joined:Mar 2011	Message Posted: Feb 5, 2012 7:52:36 AM Ignore DutchTreatMI Report Abuse So why does it still cost more and more for the average consumers?
Don20 Champion Author Oklahoma City Posts:7,810 Points:2,254,020 Joined:Mar 2005	Message Posted: Feb 5, 2012 7:29:21 AM Ignore Don20 Report Abuse "America stands on the verge of a major change that puts it on a course to near self-sufficiency" in energy, says Tobias Levkovich, Citigroup's chief U.S. equity strategist, who says the energy surge is a key reason to be upbeat on the market and U.S. economy. And our price at the pump continues to go up.??? If we are self sufficient, WHY...
fatboy97 All-Star Author Twin Cities Posts:671 Points:1,343,105 Joined:Aug 2007	Message Posted: Feb 5, 2012 7:21:03 AM Ignore fatboy97 Report Abuse And yet, we pay more and more for our gas!!!
carpenter4u Champion Author Virginia Posts:1,182 Points:281,215 Joined:Jul 2011	Message Posted: Feb 5, 2012 7:20:53 AM Ignore carpenter4u Report Abuse We won't become energy self-sufficient as long as Obama is President
cablguy29 Veteran Author New Hampshire Posts:278 Points:92,455 Joined:Dec 2011	Message Posted: Feb 5, 2012 7:19:42 AM Ignore cablguy29 Report Abuse I pray to God for energy independence. [Edited by: cablguy29 at 2/5/2012 10:20:09 AM EST]
feistyfella All-Star Author Georgia Posts:505 Points:116,520 Joined:Jun 2010	Message Posted: Feb 5, 2012 7:19:20 AM Ignore feistyfella Report Abuse Powerball profits
Tnerbeel Champion Author Houston Posts:6,902 Points:1,385,810 Joined:Mar 2007	Message Posted: Feb 5, 2012 7:17:51 AM Ignore Tnerbeel Report Abuse I don't understand why fracking is mentioned so often as 'new' technology. It's been around for decades, close to 100 years as a matter of fact.
buzzieNY Champion Author Buffalo Posts:1,062 Points:273,840 Joined:Jun 2011	Message Posted: Feb 5, 2012 7:17:36 AM Ignore buzzieNY Report Abuse Maybe after we make a change in Washington in November these energy companies will be a much better investment..
A2J Champion Author Richmond Posts:1,395 Points:271,250 Joined:Aug 2011	Message Posted: Feb 5, 2012 7:15:57 AM Ignore A2J Report Abuse Same old thing as nothing gonna change..,
REVLAW Champion Author San Antonio Posts:8,553 Points:1,640,365 Joined:Jul 2007	Message Posted: Feb 5, 2012 7:15:52 AM Ignore REVLAW Report Abuse Okay.
mikesr11 Champion Author New York Posts:1,736 Points:332,710 Joined:Mar 2011	Message Posted: Feb 5, 2012 7:15:13 AM Ignore mikesr11 Report Abuse I AGREE WITH Wolfwings
calypso93 Champion Author Scranton Posts:9,612 Points:1,147,220 Joined:Mar 2004	Message Posted: Feb 5, 2012 7:13:47 AM Ignore calypso93 Report Abuse I'll stick with Marathon.
BillHeatherL Champion Author Alberta Posts:5,849 Points:1,578,280 Joined:Apr 2007	Message Posted: Feb 5, 2012 7:12:22 AM Ignore BillHeatherL Report Abuse just hope it doesn't burst like in the 80's
Ltdc Champion Author Long Island Posts:5,412 Points:1,322,195 Joined:Jul 2007	Message Posted: Feb 5, 2012 7:12:02 AM Ignore Ltdc Report Abuse Most won't strike anything.
Wolfwings Champion Author Delaware Posts:6,891 Points:1,410,875 Joined:May 2004	Message Posted: Feb 5, 2012 7:09:27 AM Ignore Wolfwings Report Abuse With the raises(?) I have been getting from Social Security the last few years, I cannot afford to investin anything but high(er0 priced meds and some food when I can get it.
Hangnail309 Champion Author Manitoba Posts:4,223 Points:1,317,700 Joined:Aug 2006	Message Posted: Feb 5, 2012 7:08:37 AM Ignore Hangnail309 Report Abuse tough market to invest in because of all the political and other poor variables ...
SpruceGuse2 Champion Author Michigan Posts:7,946 Points:2,099,540 Joined:Mar 2006	Message Posted: Feb 5, 2012 7:07:10 AM Ignore SpruceGuse2 Report Abuse What a concept......................
truckpdlr Champion Author Tucson Posts:1,133 Points:731,420 Joined:Sep 2009	Message Posted: Feb 5, 2012 7:06:17 AM Ignore truckpdlr Report Abuse Hrd to do
Black Wagon Champion Author Illinois Posts:5,519 Points:1,500,725 Joined:Mar 2004	Message Posted: Feb 5, 2012 7:06:10 AM Ignore Black Wagon Report Abuse Ok.
kyrunner Champion Author Lexington Posts:7,110 Points:1,333,245 Joined:Aug 2008	Message Posted: Feb 5, 2012 7:05:57 AM Ignore kyrunner Report Abuse Maybe after we make a change in Washington in November these energy companies will be a much better investment.
eddyp94 Champion Author Ontario Posts:7,263 Points:1,482,735 Joined:Mar 2008	Message Posted: Feb 5, 2012 7:05:49 AM Ignore eddyp94 Report Abuse Don't care, just lower fuel prices...
zimowski Champion Author San Jose Posts:4,830 Points:1,220,610 Joined:Nov 2007	Message Posted: Feb 5, 2012 7:04:15 AM Ignore zimowski Report Abuse It's hard to invest in the volatile energy market - too many geo-political events directly cause big swings in the market.
bullet226 Champion Author Toronto Posts:2,664 Points:524,965 Joined:Nov 2010	Message Posted: Feb 5, 2012 7:03:39 AM Ignore bullet226 Report Abuse Invest in Canadian oil companies!
Somis1 Champion Author Ventura Posts:11,710 Points:2,250,695 Joined:Jul 2005	Message Posted: Feb 5, 2012 7:03:18 AM Ignore Somis1 Report Abuse I hope energy independence takes priority over exports.
Heltonw Champion Author Montana Posts:1,451 Points:1,293,335 Joined:Dec 2007	Message Posted: Feb 5, 2012 7:03:16 AM Ignore Heltonw Report Abuse We should have done this a long time ago. We need new refineries.
PrepHermit Champion Author New Jersey Posts:6,305 Points:1,282,885 Joined:Aug 2008	Message Posted: Feb 5, 2012 7:01:53 AM Ignore PrepHermit Report Abuse The early investors that strike it rich will be the only ones able to afford their own products it seems.
Valricoslash Champion Author Tampa Posts:4,823 Points:987,320 Joined:Nov 2008	Message Posted: Feb 5, 2012 7:01:45 AM Ignore Valricoslash Report Abuse Don't invest in nay company that the federal government hasloaned money to.
angel4me Champion Author San Jose Posts:1,390 Points:463,925 Joined:Dec 2010	Message Posted: Feb 5, 2012 7:01:40 AM Ignore angel4me Report Abuse think so??
BWALL2700 Champion Author Illinois Posts:1,983 Points:176,785 Joined:Apr 2011	Message Posted: Feb 5, 2012 7:01:28 AM Ignore BWALL2700 Report Abuse It doesn't matter. Gas prices still to high.
PittSlovak Champion Author Pittsburgh Posts:1,794 Points:1,595,555 Joined:Sep 2005	Message Posted: Feb 5, 2012 7:00:46 AM Ignore PittSlovak Report Abuse Best way is to be a friend of BO and get govt money.