The U.S. energy sector is in the middle of a historical boom, as improved fracking and horizontal drilling technology have allowed for more efficient oil and natural gas extraction. According to the federal government, oil production in the U.S. will likely continue to rise at least through 2019, but technological advances could drive the boom to continue through 2040. While most sectors of the economy have struggled to simply recover pre-financial crisis employment levels, oil and gas employment has surged 40 percent since 2007. A study by PriceWaterhouseCoopers suggests that over a million energy-related manufacturing jobs could be added to the U.S. economy by 2025. While that number may seem relatively high at first glance, the Energy Information Administration reported that oil production in the U.S. increased by nearly one million barrels per day in 2013 alone. (http://www.cnbc.com/id/101452073#.)
While the oil and natural gas industry has certainly capitalized on the domestic energy surge, others are also aiming to profit from expanding energy production. Within the past year, several private equity firms have raised big money for new energy funds, and the funds seem to be drawing major interest from investors.
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