The New Player in International Exports
America is standing up to OPEC. And OPEC is worried…
The United States and OPEC have a unique relationship.
Some cartel members are friendly with the U.S.
Others… not so much.
This conflict pushed Congress to ban U.S. crude exports in 1975.
But those restraints have loosened in recent years.
The U.S. has increased exports since 2006. And since the ban was officially lifted in December 2015, there’s been no sign of slowing down.
Canada was the largest market for U.S. crude. But now the U.S. has entered the international stage. As a result, Canada has to compete with other countries in Europe and Asia for U.S. crude.
Emerging Trends Strategist Matthew Carr is paying close attention to this relationship.
He now sees the U.S. as a key player in the international crude export market.
In a recent Energy and Resources Digest article, Matthew wrote, “Exploration and production companies are now looking to international markets for their excess production. In fact, Pioneer Natural Resources is looking to send two cargoes to Asia this year. All this means that energy investors finally have the opportunity – after waiting 40 years – to profit from American exports of crude.”