Can the U.S. Become an Oil Exporter?

By Doug Ehrman – Jun 24, 2013 at 10:55AM

NYSE: ANDV

Andeavor

As the shale boom continue to result in greater U.S. oil production, will the law change to allow export of the growing supply?

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 (ANDV) and Valero (VLO -1.01%), as well as oil majors like Exxon-Mobil (XOM -0.05%).

In the video below, Fool.com 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. 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.