Matt Badiali is the editor of the S&A Resource Report, a monthly investment advisory that focuses on natural resources, including silver, uranium, copper, natural gas, oil, water and gold --
'I am incredibly bullish on North American petroleum. I am a geologist; I have seen these oil kitchens first hand. The shales are where the oil resource formed before it migrated to the oil fields. Years ago, these were interesting but not really useful. You wanted to drill the sands that made up the oil fields. But now we can go back and actually drill the "kitchens," these giant shale deposits. It's an enormous, game changing thing. Some of the largest shales in North America haven't been tapped yet. The Monterey shale in California is going to blow people away. The Mancos shale in western Colorado has huge potential. The Tuscaloosa shale stretches from Louisiana to Florida. There are more in Texas. The question is whether people will take the time to understand the techniques that the industry uses to crack the rocks and make it happen, or will the emotional reactions take over and the energy, jobs and investment potential be left in the ground?'
NEN Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
