Energy issues have taken center stage this fall, from the widespread power outages in the northeast caused by Hurricane Sandy to the presidential campaign debates about U.S. dependence on foreign oil. Although the topics are mired in controversies, one thing everyone seems to agree on is that the U.S. needs to produce more oil and become more self-sustaining.

"It's fair to say everyone wants energy security, which means reducing reliance on imported oil and gas. The way to do that is by drilling shale deposits that are located all around the country," says Dean Colucci (pictured), president of MLV& Co., a New York-based boutique investment bank. "The technology used to extract oil and gas has gotten a lot better and continues to get better, which makes drilling in the U.S. less risky."

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.