One of the challenges of understanding and investing in refiners such as Western Refining (NYSE: WNR ) and HollyFrontier (NYSE: HFC ) is that the recent boom in oil production has made regional oil prices in North America jump all over the place from quarter to quarter. Since these players, as well as Northern Tier Refining (NYSE: NTI ) , are each situated in distinct regions of the U.S., one can benefit immensely from a particular price discrepancy while another may suffer. That doesn't necessarily mean they are bad investments, though.
Not only are these refiners all increasing their crude capacity and generating more high value products, but there is one other benefit of the oil boom that should encourage investors in this sector. Find out what that is by tuning into the video below.
America's $600 billion energy problem means invest in these three stocks today
A dark specter is looming that is ready to stop America's Energy boom right in its tracks, and no one is talking about it. This one critical element could cost us over $600 billion, but every day we wait that number grows and grows. The U.S. government thinks investment in this sector is so important, even the Internal Revenue Service will give you a free pass if you invest in this select group of stocks. Our analysts at The Motley Fool have combed over this special class of stocks and we have identified three that could make you rich! Find out the names of these IRS-gift-wrapped stocks in our special report "3 Stocks The IRS Is Begging You to Buy." Simply click here and we'll give you free access to this valuable investing resource.