Does OPEC Still Matter for U.S. Oil?
The following video is from Thursday's Digging for Value, in which host Alison Southwick, Motley Fool analyst Joel South, and Fool contributor Tyler Crowe dive deep into the top stories for today's energy sector investors.The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy.
U.S. energy policy has been shaped by one critical event that happened 40 years ago this week: the OPEC oil embargo of 1973. Since then, the United States has embarked on an ambitious goal of drilling for our own oil and gas, as well as diversifying our energy portfolio. In this segment, Joel discusses why the shift away from OPEC domination could be a major opportunity for companies like Schlumberger and Kinder Morgan as well as whether OPEC is still the force it once was.
Americas Energy Boom May be a Nuissance for OPEC, but This One Company is a Nightmare
Imagine a company that rents a very specific and valuable piece of machinery for $41,000... per hour (that's almost as much as the average American makes in a year!). This unique piece of equipment is just one arrow in the quiver of this behind-the-scenes energy giant. We have put together a brand-new comprehensive report on this company we're calling OPEC's Worst Nightmare. Let us help you discover what makes OPEC check under the bed at night. Simply click here and we'll give you free access to this valuable investing resource.
The article Does OPEC Still Matter for U.S. Oil? originally appeared on Fool.com.Alison Southwick has no position in any stocks mentioned. Joel South owns shares of Schlumberger. Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Kinder Morgan. The Motley Fool owns shares of Kinder Morgan. Try any of our Foolish newsletter services free for 30 days. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.