Sector Expert: Cactus Schroeder
Cactus Schroeder has been drilling for oil in Texas for more than 30 years. He owns his own oil exploration company, Chisholm Exploration Inc. Chisholm focuses on the Permian Basin around Abilene, Texas, and averages 2,000 barrels of production per day. Schroeder was featured on a Discovery Channel show called "Wildcatters," which followed three people searching for oil and gas in areas other than oil fields.
It has been more than a year since Citigroup Inc. published "Energy 2020: Independence Day," outlining the impacts of progress toward North American energy self-sufficiency. For this special 4th of July edition of The Energy Report, we reached out to experts in the energy investing space for an update on how recent political events and production trends in the field impact our ability to produce what we use. For Porter Stansberry, Marin Katusa, Chris Martenson, Bill Powers and Cactus Schroeder, the prospects for the future—and the associated investing opportunities—depend on the perspective.