By Marin Katusa, Chief Energy Investment StrategistAmerica has some serious problems. Despite the fact that the United States spends $15,171 per student—more than any other country in the world—American students consistently trail their foreign counterparts, ranking 23 rd in science and 31 st in math. The US also spends more than twice as much on health care per capita than the average developed country, yet underperforms most of the developed world in infant mortality and life expectancy. The US rate of premature births, for example, resembles that of sub-Saharan Africa, rather than a First World country. And if you think Obamacare is going to change that… I have a bridge to sell you. K Street has a bigger influence on American politics now than Main Street, and economic key players like the TBTF banks, the insurance industry, etc., have nearly carte blanche to act in whichever way they see fit, with no negative consequences. The US government is spending more money to spy on Americans and foreigners than ever before. Since August 2011, the NSA has recorded 1.8 billion phone calls per day (!)—with the goal of creating a metadata repository capable of taking in 20 billion "record events" daily. More than one in seven Americans are on the Supplemental Nutrition Assistance Program (SNAP)—better known as "food stamps." The list goes on and on. But there is one problem that America doesn't have—getting oil out of the ground. After decades of declining domestic production, US producers finally figured out how to extract oil from difficult locations, whether that's the shale formations or deposits under thousands of feet of water… and they've kept going ever since. Today, the US is one of the few countries in the world that have seen double-digit growth in oil production over the past five years.
This presents some great investment opportunities for the discerning investor.