Don't Believe the Hype Around United States Crude Oil Exports
America's recent oil boom has been so productive that we now have more oil than domestic refiners can handle -- and some companies, such as Enterprise Products , Continental Resources , and Pioneer Natural Resources , are eager to start selling their excess elsewhere. Until now that's been impossible, as the United States government banned oil exports four years ago, but things might be changing: As early as August, it will be possible to sell small quantities of a ultralight liquid called condensate abroad. Will this lead to wholesale exports of crude oil in the future?
In the following video, Motley Fool energy analysts Taylor Muckerman and Joel South discuss headlines from the energy sector.
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The article Don't Believe the Hype Around United States Crude Oil Exports originally appeared on Fool.com.Joel South and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool recommends Enterprise Products Partners. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.
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