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Energy's $600 Billion Stimulus for the U.S. Economy

In a recent presentation, ExxonMobil (NYSE: XOM) said that hydraulic fracking could be a $600 billion stimulus for the United States in the coming years. The technology behind fracking has led to the energy renaissance we have been witnessing here in the States, and it will likely pick up the pace once prices begin to return to equilibrium in the natural gas arena. 

Where to turn for fracking profits?

Look no further than Halliburton (NYSE: HAL) and CARBO Ceramics (NYSE: CRR). These two companies are intimately tied to the fracking market, with Halliburton being a services expert and CARBO providing the key proppants necessary to keep the fissures open during pumping. North American land drilling has hopefully reached a trough with a potential peak a lot higher than one might expect.

With its "Frac the Future" initiative, Halliburton is in the pole position and waiting for the green flag to drop

Domestic oil & gas service companies have taken a hit in the recent past due to a slowdown in the natural gas drilling boom of the last couple of years. As this market looks to rebound, investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the domestic market. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.

Read/Post Comments (2) | Recommend This Article (1)

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  • Report this Comment On March 17, 2013, at 11:32 AM, Paulson545 wrote:

    If we could only get obama to leave the energy industry alone we could create jobs and keep electricity affordable. Voters in all the energy rich states need to vote against democrats at every level.

  • Report this Comment On March 17, 2013, at 1:22 PM, 1snafu2 wrote:

    Well, there's a company the public should trust, Halliburton! Another "short term" but ultimately harmful approach to Energy is the GOP dream. Not helpful to the environment or to the majority of Americans, this quick "boom" the already record profit making industries want is what has harmed the country so many times in the past, a sacrifice of real innovation and solutions for a quick, and cheaper profit by rehashing the errors and techniques that have in the past led to bubbles that burst, leaving behind the debris of an increasingly weaker America as foreign companies and governments innovate, and advance.

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