• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 45 mins Real Death Toll In CCP Virus May Be 12X Official Toll
  • 7 mins TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 13 hours WE have a suicidal player in the energy industry
  • 3 hours The Most Annoying Person You Have Encountered During Lockdown
  • 4 hours Saudi Aramco struggling to raise money for this year's dividend of $75 billion. Now trying to sell their pipelines for $10 billion.
  • 12 mins Which producers will shut in first?
  • 15 mins How to Create a Pandemic
  • 2 hours A New Solar-Panel Plant Could Have Capacity to Meet Half of Global Demand
  • 18 hours Washington doctor removed from his post, over covid
  • 4 hours Death Match: Climate Change vs. Coronavirus
  • 17 hours KSA taking Missiles from ?
  • 17 hours Shale Legs
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

These Downstream Companies Are Poised For Gains This Year

Watching the Rex Tillerson confirmation hearings, I’m wondering how his move as the head of the State department, should he be confirmed, would impact oil and gas stocks. There’s a lot there to be considered.

The most obvious initial impact could be with Exxon-Mobil (XOM) itself. It’s not just in the psychological buying that would likely come into the market with the Ex-CEO becoming Secretary of State, it is the possibility of the reduction or outright complete rollback of Russian sanctions. Those sanctions have been the lone blockade to a half a trillion (yes, trillion) dollar potential of Russian oil development with which Exxon has a partnership agreement.

And while the immediate rollback of sanctions would look completely and transparently for the benefit of Russia and Exxon and likely to get scrutinized, I fully expect it to happen.

But let’s go a bit beyond the benefits to Exxon and Russia.

Here in the U.S., there have been several Trump statements on the campaign trail to ‘unleash U.S. energy potential’ and besides some obvious ideas of further opening up Federal lands for drilling or somehow increasing U.S. reliance on coal, there is one idea that might get us in front of a trend and make us some money.

Pipelines.

Infrastructure bottlenecks that have plagued the natural gas industry for the past several years, but also oil takeaway as well. Basis price differentials in oil have helped keep Bakken…




Oilprice - The No. 1 Source for Oil & Energy News