While much of the attention remains fixed on BP (NYSE: BP), Transocean Ltd. (NYSE: RIG), Halliburton Co. (NYSE: HAL), and on the attempt to plug a gusher in the Gulf, I have been watching another development down here in the Caribbean this week.
It is going to impact crude oil and oil product movements throughout the hemisphere and, thereby, it will impact how one plays the relationship between crude oil and oil products from the U.S. Gulf Coast to South America. Even though, as you'll see, we arrive there by a rather unusual route.
To be sure, based on my first of two meetings in the Bahamas, the way oil companies (and their shareholders) turn a profit is about to change...
About the Author
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk assessment, and emerging market economic development. He serves as an advisor to many U.S. governors and foreign governments. Kent details his latest global travels in his free Oil & Energy Investor e-letter. He makes specific investment recommendations in his newsletter, the Energy Advantage. For more active investors, he issues shorter-term trades in his Energy Inner Circle.