• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 18 hours How Much Oil Does Aramco Have?
  • 54 mins Venezuela continues to sink in misery
  • 23 hours Spy&State: Huawei Founder Says Firm Does Not Spy For China
  • 6 hours How Is Greenland Dealing With Climate Change?
  • 12 hours BofA Sees Oil at $35-70
  • 1 hour UK, Stay in EU, Says Tusk
  • 5 hours Socialists want to exorcise the O&G demon by 2030
  • 9 hours "Peace Agreement" Russia vs Japan: Control Over Islands Not Up For Discussion
  • 1 day Oil Slide Worries Traders. *relax* This Should Get Sorted by Year End.
  • 1 day China's Exports Shrink Most In Two Years, Raising Risks To Global Economy
  • 14 hours China Car Sales Plummet: Can Musk Unshovel His Groundbreaking?
  • 1 day Bolsonaro Wins in Brazil
  • 1 day protests in Canada over pipeline
  • 10 hours Regular Gas dropped to $2.21 per gallon today
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…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin



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