If you want to write thank-you letters to all of those who helped make America's Energy boom possible, don't forget to thank the Federal Reserve. By keeping interest rates low, the fed has allowed upstart oil and gas producers like Halcon Resources (NYSE:HK), Magnum Hunter Resources (NYSE:MHR), and EXCO Resources (NYSE:XCO) to take on debt at very reasonable rates. According to St. Louis Federal Reserve President James Bullard, though, this time could be coming to close as he has recently suggested that we should expect a rise in interest rates as the Federal Reserves bond buying program dwindles down even further.
While this may not pose any immediate threat to Halcon, Magnum Hunter, or EXCO, it could have a significant impact on business decisions going forward. Find out where these companies stand financially and how increasing interest rates could impact their future business by tuning into the video below.
America's $600 billion energy problem means invest in these three stocks today
A dark specter is looming that is ready to stop America's Energy boom right in its tracks, and no one is talking about it. This one critical element could cost us over $600 billion, but every day we wait, that number grows and grows. The U.S. government thinks investment in this sector is so important, even the Internal Revenue Service will give you a free pass if you invest in this select group of stocks. Our analysts at The Motley Fool have combed over this special class of stocks and we have identified three that could make you rich! Find out the names of these IRS-gift-wrapped stocks in our special report "3 Stocks The IRS Is Begging You to Buy." Simply click here and we'll give you free access to this valuable investing resource.
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