5 Funds to Play U.S. Oil Dominance

IEA predicts America will lead world in oil producing by 2017

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oil barrels 185 flickr 5 Funds to Play U.S. Oil DominanceIt seems that the rest of the world is finally paying attention to the energy potential of the U.S. — something we’ve been highlighting here at InvestorPlace for over a year.

More specifically, people have been paying especial attention to a recent report by the International Energy Agency (IEA). The think tank reported that the U.S. will overtake both Russia and Saudi Arabia to become the world’s top oil producer by 2017.

Overall, the U.S. is expected to pump 11.1 million barrels of oil a day in 2020 and 10.9 million in 2025 — figures that are higher than forecasts for Saudi Arabia for those years by about 500,000 and 100,000 barrels a day, respectively. Crediting the steep rise in shale oil and gas production, the agency predicts the U.S. will become energy self-sufficient and a huge exporter of hydrocarbons.

There’s certainly plenty of evidence that supports the IEA’s position. Production continues to rise, and advanced drilling techniques pull more oil and natural gas out of each well. Crude imports have fallen by roughly 11% this year, and the U.S. is on track to produce the most oil since 1991.

All in all, the continued progress in U.S. energy is certainly a bullish sign for investors. Plus, the recent slide in the stock market offers the perfect opportunity to load up on shares in the energy patch. A great way to add that exposure is through broad-based energy exchange-traded funds. Let’s take a look at five of them:


Article printed from InvestorPlace Media, http://investorplace.com/2012/11/5-funds-to-play-u-s-oil-dominance/.

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