America's Oil Boom: Shape Up or Ship Out By LIAM DENNING
"Whether such nuance can be squeezed into a political sound bite is another matter. But all politicians, drivers and investors should consider this: If E&P companies find themselves forced to sell oil at persistently lower prices because of logistical and trade constraints, they will eventually curb their output. At that point, the IEA's projections go out the window, and everyone pays more."
It has already happened with American Natural Gas. Although as oil is so easily and cheap to transport I would not favor export but rather using our own domestic energy here in America.
One simple thing to do is end the absolute abuse and waste of Progressive Corn ethanol mandates. There is no net energy gain and no reduction in 'pollution'.
The other is pipes reaching both coasts so we do not have to import oil.
Unfortunately elections has economic consequences when it involves delusional progressive agendas and flat earth faith in forcing others to pay penance rather than repentance.
"If you know what an energy company like EOG Resources (NYSE: EOG) looked like about two years ago, you'd get an idea of what Devon Energy (NYSE: DVN) looks like today, and where it is headed. The company has sold off a lot of its international resources to focus much more strongly on the U.S., and is now making a major diversification move into oil. In this video, Motley Fool energy analyst Joel South tells us just how big of an oil move this natural gas company is making, and why he thinks it's a good fit for them.
With the big fluctuations in the prices and supplies of both oil and natural gas at the moment, a lot of companies previously focused in only one now are diversifying aggressively to change with the market. Investors were startled after SandRidge, another major natural gas player, plummeted when natural gas prices reached 10-year lows, but with the company halfway through its ambitious three-year plan to profitability, the future looks bright. If you are unsure about the future of this emerging oil and gas junior, and are looking to find out more about its strengths and weaknesses, you should view this....."etc.
I like DVN and in my opinion it did get to buy levels recently. I agree with everything above but they did not oiler as quickly as promised by management. Also liquids is problematic as I feel it is better than 50/50 we go off the cliff or Obama gets pretty much all he wants so
Official Obama recession.
In exchange for its Bakken shale assets, Denbury will receive $1.6 billion in cash and acquire ExxonMobil’s interests in the Hartzog Draw field in Wyoming and Webster field in Texas, which currently produce about 3,600 net oil equivalent barrels per day of natural gas and liquids.