Bank of America has found that high-yielding energy plays could provide portfolio income regardless of the current fluctuations in oil prices. The firm's investment andETF strategist, Jared Woodard, highlighted master limited partnerships (MLPs), which offer 3% yields while valuations are below historical averages. These partnerships are not subject to federal income taxes, but the investors, known as limited partners, are responsible for taxes on distributed income. Woodard highlighted these plays as a way to diversify beyond the balanced portfolio with a 60% allocation toward stocks and 40% in bonds. However, a new catalyst may be emerging as Qatar has shut down its liquified natural gas production, potentially delaying the narrative around a glut of natural gas until at least 2027.