This segment is from Tuesday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors @TMFEnergy.
Energy Secretary Ernest Moniz recently discussed energy policy at the Center for Strategic and International Studies in Washington D.C., a talk headlined by the United States' objective of reducing its dependence on foreign oil. This has been the focal point of U.S. energy policy since the oil embargo in 1973, but our biggest threat is internal. Without proper infrastructure, particularly pipelines, the United States could miss out on the full potential offered by the shale oil and gas revolution now taking place. Our focus should first be on TransCanada's (NYSE: TRP ) Keystone XL pipeline. Proper infrastructure not only benefits the oil and gas sector, but could be a contributing factor for millions of additional jobs in the United States.
Middle Eastern oil should not dictate our energy policy, especially with the potential to extract oil at a monstrous clip with the help of industry leading technology. We have an exclusive, brand-new Motley Fool report revealing one company we're calling OPEC's Worst Nightmare. Just click HERE to uncover the name of this industry-leading stock.