| There's a shift occurring in America's oil production that is creating stable prices and benefiting consumers and businesses - and much of it is thanks to dividend investors. The oil industry often goes through boom-and-bust cycles. Prices rise, so oil companies drill more. The added supply sinks prices, so oil companies cut back. This has occurred over and over again throughout the past century. But lately, investors who demand steady dividends have pushed oil companies to have more reliable cash flows. No more feast-or-famine scenarios. As a result, when OPEC announced it would cut production by over 1 million barrels per day to lift prices, the new steady-as-she-goes American oil industry picked up the slack and kept prices from skyrocketing. In fact, American oil production is operating at a record-setting pace. And that has been good for oil producers. In the Permian Basin, operators become profitable when oil is trading at $61. As I write this, oil is trading over $70 per barrel. Due to oil prices that are high enough to be profitable and cost-cutting by producers, I expect the next round of earnings in the oil patch to be strong. My favorite megacap oil company is Chevron (NYSE: CVX). It has been a recommendation in my monthly newsletter, The Oxford Income Letter, for years. Chevron has a 4% dividend yield and has raised its dividend for 36 years in a row. There are a few smaller companies I'm watching too. If you're a regular reader of mine, you know that I'm very bullish on the energy sector. I expect oil prices to rise as demand increases around the world and the dollar falls. If you don't have enough exposure to energy stocks, I suggest you increase your exposure now... Here's the energy company that I'm putting my own money into this coming earnings season. Good investing, Marc | 
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