Now that the year is coming to an end, it's time to reflect on what transpired. One major trend analyst Taylor Muckerman notes was the "re-shoring" of major oil producers' activities. This charge was led by such notable names as Apache Corp. (APA -7.27%), Marathon Oil (MRO), and Occidental Petroleum (OXY -5.18%). There are several reasons why, but one of the biggest is the likelihood of tremendous oil and natural gas reserves still residing underneath our soil. For more, tune in below.
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In 2013, Geopolitical Risk and America's Energy Boom Cause Several Major Energy Companies to Re-Focus
Civil unrest in the Middle East and record oil and natural gas production are just a couple of reasons companies like Apache Corp, Marathon Oil, and Occidental Petroleum are retreating back to the United States.
About the Author
Taylor Muckerman was lead energy & materials analyst for fool.com from 2012-2013. He is now Head of Retention for Motley Fool Canada.
Joel South and Taylor Muckerman have no position in any stocks mentioned, and neither does The Motley Fool. 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.
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