It's very rare that D.C. policy decisions benefit both the oil and renewable energy sectors - traditionally, a benefit to one sector means a net harm for the other. That's because they're thought of as competitors for the same energy dollar.
But this deal is different: moves to shore up oil's decline have been the primary catalyst in a nice run up for renewables.
It's very rare that D.C. policy decisions benefit both the oil and renewable energy sectors - traditionally, a benefit to one sector means a net harm for the other. That's because they're thought of as competitors for the same energy dollar.
But this deal is different: moves to shore up oil's decline have been the primary catalyst in a nice run up for renewables.
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Late in last week's congressional budget negotiations, a provision that would allow for the export of domestically produced crude oil was introduced.
The agreement also has broad-based bipartisan support and allows the president to reintroduce an oil export ban on national security grounds.
Make no mistake, this is not simply some campaign-season political machination to score brownie points with some voters.
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The United States might start exporting oil for the first time in 40 years.
The House of Representatives just proposed to lift the U.S. oil export ban as part of a $1.1 trillion spending bill for fiscal 2016.
Here's why this could be a healthy move for the energy market...
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Will the U.S. lift the oil export ban?
That's been the question on investors' minds recently as oil prices fall to six-year lows.
Here's why the U.S. lifting the oil export ban would improve crude oil prices...
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