Since the early 1970s, most major oil deals have been transacted in “petrodollars.”
But that system has become increasingly challenged in recent years.
The conflict in Ukraine right now has only served to exacerbate things.
In addition to all of its other problems, Ukraine is also at the center of an increasingly messy energy situation.
Thanks to additional new U.S. pipeline capacity and the growing volume of oil product exports from American refineries, the glut of excess storage at Cushing, Okla., is shrinking.
Late Friday afternoon, the Keystone XL crude oil pipeline cleared one of its biggest hurdles.
In its Final Environmental Impact Statement, the U.S. Department of State concluded that completing the pipeline’s northern leg would not have a major impact on global greenhouse gas emissions.
If this is Thursday, it must be…Brazil.
I returned home late last night from Baltimore where we were putting the final touches on one of the best energy investments yet, a huge new precedent-setting play we’ll be releasing very shortly.
There is something very interesting developing in the oil markets right now.
It’s not front page news yet, but it is something that you’ll want to keep an eye on – especially if you want to make money with oil stocks.
It revolves around what’s called “the spread.” In this case it’s the difference in price between West Texas Intermediate (WTI) and Brent.
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
After banking some very hefty profits for Energy Advantage and Energy Inner Circle subscribers on refining stocks earlier this year, the entire sector now is about to land “between a rock and a hard place.”
Once a high-flying place for investors to earn substantial profits, refiners have been under pressure for the last two months. But that’s actually just the beginning of what’s to come.
