So much for not needing companies like Halliburton (NYSE:HAL) and Schlumberger (NYSE:SLB). After years and years of trying to produce oil and gas all by themselves, several national oil companies around the world are starting to realize they can't do it alone. Sure, they could continue to do it without help, but that would involve leaving billions of dollars of potential revenue in the ground. But with so much of these nations' livelihoods based on the amount of oil they can sell, they need the help of technology that companies like Halliburton and Schlumberger possess.
Find out more about why the silent giants like PEMEX and PDVSA are extending olive branches and what it could mean for the prospects of Western oil companies down the road by tuning into the video below.
Do you know this energy tax "loophole"?
You already know record oil and natural gas 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.
The Motley Fool recommends Halliburton and Total (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.