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The Shock of Subzero Oil Will Shake the U.S. Energy Industry. 4 Stocks Worth a Look.

Cushing, Okla., is a critical hub for the U.S. energy industry, with storage tank capacity for about 90 million barrels of crude oil.

Reuters/Drone Base

The story of the American energy boom of the past decade is one of almost limitless possibility. New technologies to extract oil from shale ushered in a revolution, vaulting the U.S. to No. 1 producer in the world and promising a new era of energy independence.

The past two weeks, when oil futures plunged so violently that they briefly fell below zero for the first time in history, have shown the limits of the boom. Oil rebounded from negative prices by the end of the week, but remain near multidecade lows, with West Texas...