2014's Biggest Energy Debate Has Already Begun Heating Up

Exports of natural gas have already been approved. Now "Big Oil" companies and congressmen are pushing for crude oil exports. If it's up to refiners like Alon USA Energy, HollyFrontier and Valero Energy, our crude will be staying pat.

Taylor Muckerman
Taylor Muckerman and Joel South
Jan 12, 2014 at 12:37PM
Energy, Materials, and Utilities

This segment is from Thursday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

With projections for U.S. oil production claiming that over 9 million barrels of oil will be produced per day in 2015, some are expecting a glut of supply sufficient to begin exporting crude oil. The economic impacts of a decision like this would be dramatic, whether they be positive or negative. Refiners are of the belief that exporting oil could be bad for the nation. Valero Energy (NYSE:VLO) has already been vocal about its opposition. It fears that America's advantage of lower priced crude will evaporate, which could place refiners like Alon USA Energy (NYSE:ALJ) and HollyFrontier (NYSE:HFC) under pressure. Check out the clip below for more. 

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