Cramer Remix – From Rusty’s appearance on Mad Money, Jan. 8, 2016
Many people have ruminated about the future direction of oil prices, but there is one guy who actually got the lower-for-longer call right before it happened. Cramer considers Rusty Braziel to be one of the most respected authorities of the energy space. Braziel is the president and principal energy markets consultant for RBN Energy, a one-stop shop for...
December 28, 2015 – Reuters
End of easy money for mini-refiners splitting U.S. shale?
By: Kristen Hays
Energy companies and oil trading firms that teamed up to build several mini-refineries that convert a swelling surplus of ultra-light U.S. crude into fuels for export seemed like a pretty safe investment bet for a while.
The bet was built on several converging dynamics: an ever-rising supply of condensate; a U.S. refining system built to run heavier crudes; and a longstanding ban on crude exports that appeared...
December 23, 2015 – NBC News
U.S. Firms Eager to Test the Water After Lifting of Oil Export Ban
By: Reuters
U.S. energy group Enterprise and oil trader Vitol are racing to exploit the end of a 40-year ban on most U.S. crude exports, the first of many firms eager to "stress test" last week's historic opening.
Despite a sudden change in global oil market conditions that many oil traders say has eliminated the economic advantage of shipping domestic crude abroad, some companies that have long lobbied for the change in policy may be...
December 22, 2015 – FuelFix
Oil exports prompt splitter decisions in Corpus Christi
By: Rhiannon Meyers
The lifting of a decades-old ban on crude oil exports primes Corpus Christi to become a key oil hub in the coming years, but it also dampens interest in expensive projects to export condensate, an ultralight oil not subject to the long-standing restriction.
In the short term, the South Texas port city probably will see a drop-off in announcements for new condensate splitters and stabilizers — processing equipment necessary to...
December 21, 2015 – Forbes
Shale Wars Round Two Congress Acts On Exports. Russia Capitulates On Price. And OPEC Blinks
By: Mark Mills
The year 2015 marks the end of the old oil era.
Last week the U.S. Congress finally repealed the four-decade-old legislation that, until now, prohibited American firms from selling their product, crude oil, to willing buyers overseas. No other oil-producing nation had such a self-inflicted ban.
It was finally rescinded in the face of overwhelming evidence that America’s situation is...
