Gas Prices

What Lifting U.S. Export Ban Means for Crude Oil Prices

crude oil prices

In August, the U.S. government will begin allowing the exportation of crude oil for the first time in 40 years.

That has many American consumers wondering what will happen to crude oil prices now that the United States is exporting oil.

Money Morning's Global Energy Strategist Dr. Kent Moors appeared on CCTV Friday and discussed the benefits of U.S. oil exportation, and what effect oil exports will have on consumers and oil prices.

See what impact U.S. oil exports could have on jobs, revenue, and local taxes.

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What "Exceptionally Unstable" Crude Oil Prices Will Do to Gas This Week

crude oil prices

Money Morning Global Energy Strategist Dr. Kent Moors appeared on CNBC's "Closing Bell" on Fridayto discuss what geopolitical conflict in Iraq will do to crude oil prices and the effect on gas this week.

On Friday, Islamic State of Iraq and Greater Syria (ISIS) insurgents attacked Baji, an area about 200 miles north of Baghdad. Baji houses the largest refinery in Iraq, which accounts for almost a third of the country's refining capacity. Although the Iraqi government said it held Baji against the attack, ISIS has control of areas just outside the refinery.

Watch the video to see where Moors thinks "exceptionally unstable" crude oil prices will go from here, and whether gas prices will hit $4 per gallon this week...

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Gas Prices to Reach $5 This Summer?

Gas Prices

Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."to talk about Iraqi terrorism's effect on gas prices.

"I think the world is underestimating the impact here," Fitz-Gerald said of the ISIS' looming effect on gas prices.

Watch the video to see what location Fitz-Gerald is the most worried about.

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Gas Prices Are Heading Up (and the Sector That Will Benefit)

Rising Gas Prices

The price of gasoline in the U.S. is on the rise again.

Futures prices for RBOB ("Reformulated Blendstock for Oxygenate Blending"), the NYMEX futures contract for gasoline, are up over 11% for the year, and a full 6.6% of that increase has come in the past month.

In fact, gas is up 2.4% over the past week alone. Today, the average retail price is 4 cents higher per gallon than a year ago.

And you can bet that as we move into the "official" start of the summer driving season, the worst is yet to come. Prices will be headed even higher.

So with all the hoopla surrounding our newfound oil wealth and our legitimate move to become energy self-sufficient in as little as a decade, why are gas prices still climbing?

Let me explain...

How to Invest in Natural Gas Today

20130723_natural-gas

There's a new global capital shift that's affecting how to invest in natural gas today for maximum profit.

You see, there was a time when U.S. manufacturing companies invested heavily in the Middle East because of the region's low-cost energy sources.

Today, that money is coming back home.

International companies have noticed that the United States is a cheap source of natural gas. That's because the rise of hydraulic fracturing triggered a boom in U.S. natural gas production.

To continue reading click here...

The Best Stocks to Buy Now to Play the Booming Marcellus Shale 

Isolated Oil Rig

The shale gas revolution in the United States just keeps getting better - especially if you know the best energy stocks to buy now.

This past spring the research group Potential Gas Committee raised its estimate of potential recoverable U.S. natural gas reserves significantly.

The group increased its 2010 estimate by 25.6% to 2,384 trillion cubic feet of gas. That is double the estimate of just 10 years ago.

To continue reading, please click here...

For the Best Natural Gas Stocks, Look Deep in the Heart of Texas

Texas

To pick the best natural gas stocks to play the natgas price rise, you need to look not just at company fundamentals, but one crucial factor: Where these companies' assets lie...

That's because companies with assets in Texas are booming, and will deliver some of the best gains ever seen by energy investors.

Texas is the historical center of the U.S. energy industry. Today it's a major producer of natural gas.

Joel D. Moxley, president of the Gas Processors Association, told the Houston Business Journal, "Booming is the only way to describe the natural gas industry in Texas."

Texas holds about 23% of the U.S. natural gas reserves and accounts for approximately 30% of current U.S. output.

Its present output is roughly 19.7 billion cubic feet of natural gas per day. That means if ranked globally, Texas would rank third for natural gas production - behind Russia and the other 49 U.S. states.

One main area of focus for natural gas in the Lone Star state is the Eagle Ford Shale Formation. Production there nearly tripled between 2009 and 2012.

To continue reading, please click here...

How to Invest in Natural Gas Stocks as Prices Swing Back

Industrial pipelines

There are staggering numbers coming out of the energy world - numbers that explain how to invest in natural gas now...

According to the Energy Information Administration (EIA), in the United States alone is parked over roughly 862 trillion cubic feet of natural gas reserves. That's over a century's worth of domestic supply.

Better yet, there's plenty of domestic demand for that supply -and it's growing.

To continue reading, please click here...

It's Time to Climb Aboard the Oil-by-Rail Boom

Rail transit is about to make you some big money...in oil.

That's why I'll be headed to Dallas in late August and Calgary mid-September for extensive meetings with all of the key players.

I can promise you, that in a hurry this is going to get a lot bigger.

As it happens, I'll be providing all of the details for average investors to profit from this monumental change.

Let me explain to you how all of this has suddenly come about...

These Gas Tax Hikes Will Make Driving A Lot More Expensive

Gasoline pump left

Americans worried about how rising oil prices might affect prices at the pump are about to get blindsided by looming gas tax hikes that almost guarantee higher gasoline prices.

And it's not just state governments looking to shake down American motorists.

Alarmingly, the International Monetary Fund (IMF) has called for the U.S. government to increase the current federal gasoline tax of $0.184 per gallon by a whopping $1.40.

In a March 26 speech, IMF Deputy Director David Lipton said the gas tax hike would pay for social programs around the world as well as to save the environment.

"The time has come for subsidy reform and carbon taxation," Lipton said.

This federal gas tax hike, if imposed, would add $14 to a typical 10-gallon fill-up and hundreds of dollars to the annual cost of driving.

Fortunately for U.S. drivers, few in Washington support the IMF proposal.

"Higher gas prices hit those who can least afford it the most as American families are forced to pay a larger percentage of their income on higher energy prices," Rep. Fred Upton, R-MI, chairman of the House Energy and Commerce Committee, told Fox Business. "Drivers across the country are already struggling to pay up to $4.00 a gallon for gas, and further price increases at the pump could be devastating to low- and middle-class families and disastrous to our economic recovery."

Now if only state legislatures felt the same way...

To continue reading, please click here…

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