Edwin Drake did the impossible…
Residents complained about the dirty, black mud that seeped into the ground and sometimes appeared on their shoes walking on the ground.
This black sludge was actually “black gold” – petroleum.
And investors knew it…
The land belonged to American farmer McClintock.
He had managed to harvest 20 to 30 barrels per season.
But no one had been able to crack the code to extract large amounts.
As early as 400 BC, the Chinese drilled it into the shallow earth using iron drill bits and long pieces of bamboo.
Eventually, farmer McClintock sold 100 acres of his black-gold land to what was to become America’s first oil company.
And they hired Edwin Drake to drill it…
After two years of failed attempts, the company severed ties with him, but Drake refused to give up.
In a last desperate attempt, he tried again, pouring his savings into the project and borrowing money from friends.
Until the day when… oil sprang from the ground like a fountain.
It produced 20 to 30 barrels of oil per day!
This was the start of the modern oil industry as we know it. For the next 50 years, this land called Oil Creek provided half of the world’s oil. It is still an important drilling site to this day.
Oil barons like John D. Rockefeller followed Drake’s example, improved his methods and became the richest man in the country.
Oil has become a huge business.
Less than a year after the discovery of oil in Texas, more than 1,500 oil companies were chartered in a single year.
In 1909, the United States produced more oil than the rest of the world combined.
The oil rush spawned a second industrial revolution that saw population explode and move into cities…it fueled the rise of the railroad and steel industries…it led us to victory in two world wars…and it made America the world’s sole superpower in the mid-20th century.
The fact is, oil has been the backbone of the United States for over 100 years now.
Before that, we used whale blubber as our primary fuel source. No kidding.
Most people don’t realize it, but oil is so much more than a fuel source.
In fact, almost every invention of the last 100 years has been touched by oil in some way, and most of them are made from oil itself.
Think about your morning routine.
At every step — from your alarm clock and cellphone to your frying pan and coffee maker, and even your toothpaste — you’ve dabbled in petrochemicals without even thinking about it.
Most people don’t realize that when oil companies extract the raw material from the ground, much of it is sent to petrochemical companies who recover it and refine it into products that we can use to make everyday items.
These petrochemicals are everywhere…
And there is so much more… Petroleum products are used in:
- MRI devices.
- Hearing aids.
- Casts and crutches.
- Wheelchairs and artificial hips.
- The aspirin you keep in your medicine cabinet.
In total, petrochemicals are used in over 6,000 everyday products as well as high-tech devices like computers, phones, and even solar panels (no kidding).
This is why when you invest in oil, you invest in all industries in all sectors.
Automobiles… consumer appliances… discretionary goods… technology… heck, even banking (petrochemicals are used to make credit cards).
When half the country talks about getting rid of oil, they don’t realize it’s about taking away our whole modern way of life.
There’s a reason we use petroleum in all of these different items. It is the most versatile substance on Earth.
It’s so simple.
And until we find a better one… oil is here to stay. And whenever oil is cheap, like it is right now, it’s one of the best industries you can invest in.
Now, I prepared a whole report on the dirty truth about clean energy today. I even included an exchange-traded fund that you can buy today.
But if you want more direct exposure to this black gold oil trend and a better opportunity to profit…
I highly recommend you look at this.
You’ll see why higher oil prices are INEVITABLE in my opinion and you’ll see the best oil and gas stocks I’ve found.
This company does everything right.
It has hundreds of millions of barrels of oil reserves.
Millions of acres of land he can drill on.
Hundreds of millions of dollars of free cash flow.
And zero bank debt.
These are the kind of companies that can quickly double down in a bullish oil market. When oil prices rise, stocks like this could double in a year or less.
But I see oil going up for much longer than just a year.
I want you to take time to watch my new video where I reveal EXACTLY why we see a multi-year, if not decades-long oil bull market.
Founder, Alpha Investor