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HOUSTON, TX, April 14, 2014 /24-7PressRelease/ -- According to the oil and gas investors at Fossil Oil, natural gas production and hydraulic fracturing have provided notable benefits to the United States industrial sector.
Cheap natural gas is the fuel source that provides the industrial sector with low-cost electricity. That electricity powers countless industries, including steel, paper and manufacturing -- industries that have long been considered the backbone of the American economy. The residential, commercial and industrial markets also see a $90 billion annual benefit from inexpensive natural gas.
This cheap natural gas is available in large part due to growth in United States oil production. Fossil Oil has seen that there is no oil production growth in the global market outside of the U.S., and some people have seen this consistent growth at home as nothing short of miraculous.
Fossil Oil's domestic oil production analysts believe that this growth trend will continue in the onshore oil industry. Natural gas produced domestically is as much as 75 percent cheaper than imported oil thanks to localized drilling, refineries and distribution teams.
The returns for energy investments, especially in natural gas, are on schedule to continue improving on a domestic scale. The industry is on the brink of a technological renaissance, driven by the need for more efficient solutions to further reduce costs and improve profits. The only hurdle that Fossil Oil currently sees to this industry-wide improvement is the lack of young talent to drive it. However, it believes this will soon change.
"Millennials tend to follow the money, especially those who are highly skilled," says Lisa Kittler, Client Relations at Fossil Oil. "As long as the oil industry offers the right incentives, it will have no trouble attracting the talent to drive the industry into the future."
Learn more at http://www.fossiloil.com.
About Fossil Oil:
Founded by Dennis R. Kittler in 1999, Fossil Oil is an independent oil and gas investment company out of Houston, Texas. Fossil Oil strives to provide significant investment opportunities in reserves of oil and natural gas.
Learn more at www.fossiloil.com.
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