Much has been made
of alternative energy sources but oil and gas are the fuels that really run the
world. Without a stable supply of oil and gas, industry and commerce would
grind to a halt and our way of life would be severely disrupted. For nearly
eighty years we have been dependent on unstable foreign sources to supply our
growing energy demands. As US energy needs have grown over the years, world
energy consumption has spiked dramatically. The global demand for these
precious resources has never been higher and expectations are that domestic and
global demand will continue to grow significantly. Global demand drives prices
and the average price at the pump has never been higher which reflects the
increasing global demand.
New exploration and
drilling techniques have sparked a revolution of oil and gas production in the
United States. Resources that were once considered too difficult or too
expensive to recover are now being delivered utilizing new technology such as
hydraulic fracturing. According to the International Energy Agency, U.S. oil
output is now poised to surpass Saudi Arabia by 2020, making the world’s
biggest fuel consumer almost self-reliant and putting us on track to become a
net exporter. This is quite a revolutionary transformation.
As worldwide demand
for oil and gas continues to grow, this new production is not expected to
significantly impact actual product prices but help meet the increasing need.
US production creates more US jobs, makes us more self-sufficient and helps
with balance of payments by keeping the cash at home. These changes in
production and cash flows create multiple domestic investment opportunities
where small to midsized oil and gas companies stand to prosper.
One company that
holds such promise is First Titan Corporation. FTTN has oil holdings in
Alabama, Oklahoma, Texas, and South Lake Charles, Louisiana, where they
maintain drilling activities. First Titan also has acquired multiple working
interests with established oil exploration companies to deliver new oil and gas
resources to the markets. First Titan is continuing to grow its asset base and
plans to add multiple new projects along the Gulf Coast, from West Texas to
Alabama. Investors interested in benefiting from the boom in US oil and gas
production should look closer at FTTN.
For more
information, visit www.firsttitanenergy.com
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