• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 22 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 22 hours How Far Have We Really Gotten With Alternative Energy
  • 23 hours The United States produced more crude oil than any nation, at any time.
  • 6 hours Bankruptcy in the Industry
  • 22 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

From Shale Boom to Refinery Revolution: Massive Investment Potential

Note: Following on from last week’s Inside Investor report with Dan Dicker where he mentioned CVR Refining (up over 10% since last Friday.) We decided to spend some time looking into the refining sector for additional investment opportunities.

If 2012 was a great year for refiners and anyone who invested in them, 2013 is shaping up to be more profitable than even the most astute analysts predicted. In September 2012, combined crude oil and condensate production in the Eagle Ford play topped 700,000 barrels per day; by 2016 we could be looking at as much as 1.6 million barrels per day. All this crude has to go somewhere.

But let’s not bury the lead. Follow this trail … Valero Energy Corp (NYSE:VLO) sends crude oil extracted in the Eagle Ford Texas shale play to its refineries in Quebec City.

This is very significant on two levels. It means that:

•    production is growing to the point that it is starting to replace refiners’ more expensive overseas imports
•    if Valero is refining Eagle Ford crude in Quebec City, this means it got special approval from the US federal government to EXPORT US crude

The Year of the Refiner

What is happening, in effect, is that the shale boom is ramping up production to the extent that refiners are drowning in supplies of light sweet crude to the point that they no longer have to import as much from West Africa, Mexico and Venezuela, for…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News