High Gas Prices in California Could be a Boon for These 2 Energy Stocks

You can't pin California's high gas prices on just one thing, but a major reason is that the state has almost no access to the cheaper crudes being produced as part of the shale boom. West Coast refiners pay up to $10 more per barrel for oil because of the high import demand. One emerging shale play, though, could be the fix for that issue, and Whiting Petroleum (NYSE: WLL  ) and Noble Energy (NYSE: NBL  ) could be positioned to benefit mightily from this opportunity.

With California paying so much of a premium for its oil, and these two companies selling so much of their oil at a large discount, rerouting oil to California could be a strong boost for the companies. Find out why Noble Energy and Whiting Petroleum are in the best position to benefit from this pricing issue by tuning into the video below.

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  • Report this Comment On April 20, 2014, at 8:06 PM, Mark1946 wrote:

    After you've broken the bank to fill up your car...who has the money left over to invest in stocks?...For the most part the stock market, as with running for political office, if the rich man's game...not the average American wage earner who's trying to make ends meet.

  • Report this Comment On April 20, 2014, at 10:21 PM, rattler15 wrote:

    Mark1946,

    As long as Democrats control the EPA and the regulatory environment, the price of gas, housing and food will always remain high. Investing, saving a little each month will eventually get you ahead. I went years without cell phone, without cable, without eating out. Instead I saved and invested.

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