An Energy Independent America?

The prospect of becoming an energy-independent nation has captured the minds of many Americans, including politicians, in the past decade. While energy independence is not likely in the short term, and not probable in the long term, the United States' recent surge in crude oil production has led to a decline in net imports of energy.

Technological innovation drives this growth, as hydraulic fracturing has allowed companies, including expected beneficiaries ExxonMobil (NYSE: XOM  ) and Chevron (NYSE: CVX  ) , to exploit new sources and increase efficiency of existing wells. Such technology is especially useful in shale plays, including the Bakken and Eagle Ford regions, giving rise to smaller niche companies such as Heckmann (NYSE: HEK  ) , Kodiak Oil (NYSE: KOG  ) , and Northern Oil and Gas (NYSE: NOG  ) . Even with the promising trend of increasing oil production, complete energy independence might not become a reality, but as this infographic shows, the trends are positively reversing:

Source: Infographic from UG Center -- Section Eagle Ford.

The Motley Fool owns shares of Heckmann. Motley Fool newsletter services have recommended buying shares of Chevron. The Motley Fool has a disclosure policy.
 


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  • Report this Comment On June 13, 2012, at 9:59 PM, fennecfoxen wrote:

    That's not an infographic. That's just a graphic with a bunch of random info on it. It's not a very effective way to communicate anything. The only useful part of that was the line graph.

    Yes, we know what the shape of Alaska is. Woo comma hoo.

  • Report this Comment On June 14, 2012, at 7:51 AM, HAPPPYDAD wrote:

    As of today North Dakota has jumped into 2 place on your graph of oil producing states. Thats how far and how fast they have come in less than 2 years. Thanks....Scott

  • Report this Comment On June 29, 2012, at 9:58 PM, lovesstocks2 wrote:

    Most experts in fact know that we will be independant in a decade or so. The revisions to North Dakota's reserves have been tremendous and are now equal to 1 1/2 Saudi arabia. There are at least 8 other major trends like this that could hold a lot of oil. Thanks to the change in technology we can now get this oil. One of the trends is in texas and that trend may hold as much as half of what is in North Dakota. We will be energy independant

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