Generational Bull Market Catalyst No. 3: American Energy Independence
Because of the United States’ long-term dependence on foreign oil, many investors have forgotten just how important the nation’s energy sector really is.
More to the point, hydraulic fracking has ushered in a huge new energy boom. The federal Energy Information Administration now says the United States could soon become a netexporter of natural gas.
The Boston Consulting Group notes that continued drops in wholesale natural gas prices could bring back up to 5 million jobs to the United States, many of them in high-wage manufacturing jobs.
That’s right. Manufacturing is making a comeback – great news for workers, the economy, and stocks.
Indeed, according to the U.S. Bureau of Labor Statistics, more than 550,000 manufacturing jobs have been added since 2010 because of lower energy costs.
And the U.S. energy boom is being driven by breakthroughs from the technology companies we regularly follow and invest in here – everything from hydraulic fracking and seismic maps to sensors and remote asset monitoring.