The boom in oil and gas production across the United States has our energy pipelines bursting at the seams (figuratively, although literally on the rare occasion), and that is at today's production levels. With natural gas and oil production expected to grow for the next several years, it will require huge investments in pipelines to make it possible -- $642 billion, to be precise. For investors, there are three companies that are in a great position to build out that infrastructure: Kinder Morgan Energy Partners (NYSE:KMP), Energy Transfer Partners (NYSE:ETP), and Spectra Energy (NYSE:SE)

The reason these three companies stand out among the rest is because of one crucial element regarding master limited partnerships: Their industry-leading weighted average cost of capital. Find out why this metric is so important for MLPs looking to take on this massive infrastructure and why it makes them compelling investments.

Three energy companies that the IRS gives you a "free pass" for owning
You already know record oil and natural production is changing the lives of millions of Americans. But what you probably haven't heard is that the IRS is encouraging investors to support our growing energy renaissance, offering you a tax loophole to invest in some of America's greatest energy companies. Take advantage of this profitable opportunity by grabbing your brand-new special report, "The IRS Is Daring You to Make This Investment Now!," and you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.

Tyler Crowe has no position in any stocks mentioned. You can follow him at under the handle TMFDirtyBird, on Google+, or on Twitter @TylerCroweFool.

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