U.S. oil production just hit a 43-year high…
CNNMoney reports America pumped around 9.43 million barrels of oil per day last year. That’s the highest level since 1972.
It’s a stunning 89% higher than 2008 production levels. And it’s up 45% since 2012.
Regular Daily readers know America’s shale oil revolution contributed to a massive world oil glut. It’s caused oil prices to crash 75% from their highs in mid-2014.
And it’s causing bankruptcies…
Oil and natural gas company bankruptcies spiked 379% in 2015. That’s because many of these companies are only profitable with oil over $60 a barrel. Sustained sub-$40-per-barrel oil prices mean scores more will go under in 2016. The carnage is just beginning…
Bottom line: The damage in the U.S. oil and gas sector is far from over. But once things bottom, we’ll have a once-in-a-generation opportunity to acquire the high-yield bonds and stocks of select “best in class” U.S. oil explorers and producers. Build cash now… and get ready to strike.