America's Energy Boom Made the Iran Deal Possible
The recent deal between the U.S., Iran, and other nations came together for multiple reasons, but there is one critical reason the U.S. was in a position to barter this deal: our new energy boom. With the U.S. using less oil and increasing its own production, foreign oil that was once destined for the this country is now being put into the global marketplace.
This stronger negotiating position was made possible by companies other than the big names in oil and gas that many would expect. Independent companies like Continental Resources and EOG Resources have been the driving forces in the top shale oil formations across the U.S. Tune into the video below to learn more about the this country's stronger negotiating position with OPEC nations, and how Continental and EOG have been critical in making it happen.
Who will join EOG Resources in dominating the U.S. energy boom?
EOG is helping to put the U.S. in a stronger global energy position, and becoming a profit generating machine at the same time. EOG isn't alone, though. For this reason, the Motley Fool is offering a comprehensive look at three energy companies set to soar during this transformation in the energy industry. Let us help you discover these three companies that are spreading their wings by checking out our special report, "3 Stocks for the American Energy Bonanza." Simply click here and we'll give you free access to this valuable investing resource.
The article America's Energy Boom Made the Iran Deal Possible originally appeared on Fool.com.Fool contributor Tyler Crowe has no position in any stocks mentioned . You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter @TylerCroweFool. The Motley Fool recommends Halliburton. The Motley Fool owns shares of EOG Resources. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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