The following video is from Tuesday's Digging for Value, in which host Alison Southwick and Motley Fool energy analysts, Taylor Muckerman and Joel South, get to the heart of the biggest stories in energy investing today.
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By 2020, close to five million barrels of oil per day (bpd) could be produced from shale basins outside of the United States. That figure reaches 70% of America's current production in just six and a half years. The energy industry and investors should have their eyes peeled to countries such as Argentina, China and Russia which supposedly hold vast reserves of both shale oil and gas. Currently, there are some companies traded on U.S. exchanges that investors can get their hands on. Take a peak at the video below for some insight into where these organizations stand.
Despite These Figures, $100 Oil Is Likely Here to Stay
Joel South owns shares of Schlumberger. Taylor Muckerman owns shares of Halliburton. The Motley Fool recommends Chevron and Halliburton. 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.