TransCanada Corporation (USA) (TRP), Chesapeake Energy Corporation (CHK) – Obama’s Climate Plan: The Problems and the Opportunities

Beyond that, you might consider initiating or adding to a position in the ever-popular National-Oilwell Varco, Inc. (NYSE:NOV). The company occupies a vital position in the oil and gas industry as the manufacturer of a number of the components used on drilling rigs. The lion’s share of its products are shipped internationally, providing it with significant immunity to the effects of tightening domestic energy policies.

Finally, I’d consider Schlumberger Limited. (NYSE:SLB). As I’ve noted to Fools previously, the big enchilada of oilfield services is easily energy’s technological leader, a crucial position in an industry wherein new ways to define reservoirs and produce oil and gas from complex formations becomes increasingly important. The large company also works in dozens of countries and conducts meaningful research operations in such significant locales as Saudi Arabia, Russia, Brazil, and, of course, the United States.

The president’s new initiative notwithstanding, and given a host of other global and domestic economic issues, I continue to consider energy to constitute an appropriate backbone for Foolish investment portfolios. The aforementioned companies are but a start in an industry that is replete with compelling players.

The article Obama’s Climate Plan: The Problems and the Opportunities originally appeared on Fool.com and is written by David Smith.

Fool contributor David Smith owns shares of Chesapeake Energy. The Motley Fool recommends and owns shares of National Oilwell Varco and has options on Chesapeake Energy.

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