Initial investment in oil and gas
Your initial oil and gas investments might be your best bet for 2014 as U.S. oil and gas production could surpass Saudi Arabia and Russia as the biggest oil producing country in the world, according to International Energy Agency.
In fact, our home state Texas, continues to pump out the most oil in the U.S., and with more oil coming down from North Dakota, an initial investment in oil and gas could be promising.
If Texas were its own country it would rank 10th overall in production, according to the American Enterprise Institute.
Texas’s could surpass 3 million barrels per day by early 2014 and reach 4 million barrels per day by 2015 and any initial investment in oil and gas could go a long way.
Looking back just a few years ago if Texas was its own separate country, it would have been the 20th largest oil production country in the world. The rapid increase in oil output over the past few years is attributed to the extraction of unconventional shale oil in the U.S.
With these numbers, the Lone Star State could surpass Kuwait and the UAE to reach the No. 8 spot by the end of next year and could surpass Iraq, Iran and even Canada by the end of next year to take the No. 6 spot.
Not only is oil and gas company production growing at a rapid pace, the increase in rail-tankers and pipelines moving the hydrocarbons to refiners and eventually the market would be a good initial investment in oil and gas.