NEW YORK (TheStreet) - President Obama, his critics in the oil and gas industry, and the environmental lobby are all working overtime this week to gain leverage in debate about the U.S. oil boom and high gasoline prices. It's often wise to turn away from politicians and special interests groups for a dose of sanity.
Amid all the hoopla over U.S. oil and the Keystone XL pipeline -- whether it will actually raise gas prices, whether it's a gift to Canadian oil companies and won't even benefit the U.S., and whether the president is selling out the environment and a clean energy future -- Citigroup has released a report stating an obvious fact.
America is going to be a bigger and bigger player in the global energy supply equation, and that means there are stocks to buy and hold for the long-term to capitalize on this prominent energy production role. As Goldman Sachs came out this week with a "once in a generation" buy opportunity in equities, Citigroup is staking out a similar position about U.S. energy stocks specifically.
|Fracking stocks are just one of many ways to play the long-term boom in U.S. energy production.|
Citi dubbed the U.S. "The New Middle East" in a report from energy and industrials analysts and has highlighted 10 stocks it thinks portfolio managers should hold for the long-term to capitalize on the U.S. energy trend.The Citi report offers some hard numbers -- as well as heady economic assumptions -- to replace the rhetoric that has been ratcheted up as gas heads toward $5 in an election year.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV