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.
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.
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...
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...
