The boom in the production of oil in the United States driven by fracking has led to the biggest jump in domestic oil production since the first commercial well went on line in 1859. As net imports have fallen and refiners move ever closer to hitting maximum capacity, U.S. policymakers may have to reconsider their current positions. This shift will affect both refiners like Tesoro  (NYSE:TSO) and Valero (NYSE:VLO), as well as oil majors like Exxon-Mobil (NYSE:XOM).

In the video below, contributor Doug Ehrman discusses whether or not the U.S. will become a net exporter of oil in the next several years, and questions what impact this could have on various critical industry players.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.