U.S. Shale Oil: 3 Best Growth Companies

By Bruce Vanderveen:Peak oil at one time was dismissed as lunacy. Reality, however, is now setting in. Recession, U.S. over-supply ... none of it has halted a steady march up in oil prices off 2009 lows. This is not surprising. Emerging market demand has skyrocketed and world conventional oil production, according to the International Energy Association, has been in decline since 2007. Major oil fields around the world: East Texas, Alaska, the North Sea, Mexico, Russia, and yes even the Middle East are in decline. New sources must be found to make up the deficit. Oil and gas production is in the middle of a quiet revolution. Increasingly, it's extracted from unconventional sources such as shale beds and oil sands. Bloomberg Businessweek says North Dakota oil production will leapfrog California and may pass Alaska sometime next year, leaving only Texas producing more. North Dakota oil is almost all unconventional Bakken Shale Oil.Complete Story »