After the recent uptick in petroleum prices, the U.S. oil and gas industry still finds itself east of Rock and west of Hard Place. Oil production has declined only slightly since last April, according to the Washington-based U.S. Energy Information Administration. Prices could fall again due to excess supply, but no one knows if that will happen. Despite this uncertainty, some asset managers are finding opportunities. "We actually think this is one of the better times to invest in energy," says Stan Majcher, principal and portfolio manager at Los Angeles-based Hotchkis and Wiley Capital Management. Majcher, whose $28 billion firm's domestic oil and gas positions include Marathon Oil Corp. and Murphy Oil Corp., according to regulatory filings, expects U.S. production to drop in the second half of this year.
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机译：在最近石油价格上涨之后，美国石油和天然气工业仍位于洛克（Rock）东部和硬地（Hard Place）西部。根据总部位于华盛顿的美国能源信息署（U.S. Energy Information Administration）的数据，自去年四月以来，石油产量仅略有下降。由于供应过剩，价格可能会再次下降，但没人知道这是否会发生。尽管存在这种不确定性，一些资产管理者仍在寻找机会。总部位于洛杉矶的Hotchkis和Wiley Capital Management的负责人兼投资组合经理Stan Majcher说：“实际上，我们认为这是投资能源的最佳时机之一。”根据监管文件，马赫彻（Majcher）的国内油气资产包括马拉松石油公司（Marathon Oil Corp.）和墨菲石油公司（Murphy Oil Corp.），该公司的市值达到280亿美元，他预计美国产量将在今年下半年下降。
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