The recent deal between the U.S., Iran, and other nations came together for multiple reasons, but there is one critical reason the U.S. was in a position to barter this deal: our new energy boom. With the U.S. using less oil and increasing its own production, foreign oil that was once destined for the this country is now being put into the global marketplace.
This stronger negotiating position was made possible by companies other than the big names in oil and gas that many would expect. Independent companies like Continental Resources (NYSE:CLR) and EOG Resources (NYSE:EOG) have been the driving forces in the top shale oil formations across the U.S. Tune into the video below to learn more about the this country's stronger negotiating position with OPEC nations, and how Continental and EOG have been critical in making it happen.
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