The Winners of Free Oil Exports

By

Casey Hoerth

 | Jul 02, 2014 | 11:00 AM EDT
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Exciting news for those investing in shale oil names: last week, the U.S. granted approval to two companies to export limited quantities of condensates, which are a fuel source now produced in abundance in the U.S. thanks to the shale revolution.

While Charles Ebinger, a director at the Brookings Institution, thinks that move was just a symbolic gesture, he still believes that we may see the crude oil export ban totally lifted before the close of 2014. For those of us who are long shale oil names, this would represent a huge gust of wind into the sails. A lift on the export ban would allow domestic oil to enter global, Brent-priced markets. A narrowing of the spread between WTI and Brent would, in turn, most likely mean the WTI going significantly higher to meet Brent. With the way things are now, I would expect a $4-$5 upward move in realized oil prices....408 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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