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.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
There's a new wrinkle in the energy markets. It revolves around what I call the "energy balance," and it's changing fast.
Think of it as a rebalancing of what currently exists. As you might have guessed, Asia is already playing a big role.
These fundamental changes are intensifying, handing us new energy profit plays...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
After more than four decades, it looks like America is getting back into the oil export business again.
For the first time since the 1970s, Washington has opened the door to sending more U.S. crude abroad.
Of course, the United States has been exporting oil products for some time now.
In fact, America is now the largest exporter of products like gasoline, low-sulfur heating oil, and diesel fuel in the world.
But until now, companies were hamstrung when it came to the raw material itself.
Of course, there have been a few exceptions. Very heavy California crude, which has to be sold at a deep discount and for which there is not a ready domestic market, has received some permissions to export. In addition, a few tolling programs - where the raw material is exported out and finished products are imported back in - have been allowed.
But for the lion's share of what is pumped out of the ground at American fields, the domestic market has long been the only option.
This change in policy promises to open up new opportunities for investors... Full Story
By Money Morning Staff Reports, Money Morning -
Energy investing update: The amount of oil produced in the U.S. has skyrocketed more than 50% over the last six years.
Now small towns all across America are filling with a new breed of millionaires who have learned how to make money from this boom. But it isn't the major oil companies leading the way. According to a new report, the fastest-growing oil companies in America are the smaller outfits.
And these oil stocks are rising as quickly as their reputations...