Could This Town Be America's Next Oil Hub?

Don't look now, but Albany, NY is becoming one of the most important oil hubs in the United States. Sure, it may not have the capacity of a hub like Cushing, Oklahoma, but it does have one thing that all the others don't: access to East Coast Refineries. Albany's port along the Hudson River acts as one of the key points of transport for Bakken Crude that moves by rail to refineries both on the Atlantic Shore of the United States, as well as in the St. Lawrence Seaway in Canada. 

For investors, this could be a unique opportunity, because there are only a small handful of players in this space. In this video, contributors Tyler Crowe and Aimee Duffy discuss which companies have the in-roads at the Albany hub, and what could be in store for this emerging oil hub.

The surge in American energy production has created monumental shifts in the way the energy markets in the U.S. work today, and this shift provides investors massive opportunities to get in on the ground floor of America's Energy Renaissance. The Motley Fool has discovered one under-the-radar company that could have massive potential in this new market, and it's our top pick for the year. Find out which stock it is in the special free report, "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.

Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2502010, ~/Articles/ArticleHandler.aspx, 9/25/2016 10:25:38 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:02 PM
BPL $71.61 Down -0.29 -0.40%
Buckeye Partners CAPS Rating: *****
CP $146.52 Down -1.20 -0.81%
Canadian Pacific R… CAPS Rating: ***
CSX $29.64 Up +0.07 +0.24%
CSX CAPS Rating: *****
GLP $16.46 Up +0.06 +0.37%
Global Partners CAPS Rating: ****