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 and Valero , as well as oil majors like Exxon-Mobil .
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.
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The article Can the U.S. Become an Oil Exporter? originally appeared on Fool.com.
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