Oil supply has boomed drastically this past summer, which led the United States to top the charts as the main energy producer in the world. With every great decision usually comes some level of risk, but with oil prices plummeting from $100 a barrel to under $45, now is an ideal time for Americans to consider investing in the energy market because of the discount opportunities this surplus has provided us with. According to the U.S. Energy Information Administration, “global energy demand is forecast to increase by 40% from 2013 until 2035.” Although that statistic involves all aspects of the energy industry, oil will contribute to a large portion. Energy companies are estimated by the International Energy Agency to fund $40 trillion to increase energy supply by 2035 in order to attain expected demand. This kind of long-term projection is a good sign of stability for investors. However, as seen on most stock trends, the energy field will continue to shift and barrel prices will go back up, so now is the time to take advantage of energy stocks before they shoot back up and their selling worth will increase significantly. The oil supply boom in America can be seen as a catalyst to the energy independence this country has been striving for. This will encourage more oil exploration among the borders of the United States which will put more power into the hands of American oil stock investors. The energy market is always fluctuating, so don’t let an amazing investing opportunity pass you by that you will regret not taking advantage of later on!
~Skyline Energy Development Team
