Today's Oil Prices Spell Profit for These Energy Players
There is a silver lining in low oil prices in addition to great gasoline prices in the U.S. As this excellent article mentions, we have been exporting refined oil products like gasoline for many years. As a result of the low price of oil now, the refiners spread margins will be fantastic for the next few years since high oil prices will not be returning anytime soon.
This is actually good for oil companies and refiners because refineries could buy up the excess oil in America. Then, the refiners could produce more products for export. Valero (VLO) and other refiners might be good investments now. UGAZ and UGA are ETFs which may be worth buying also. We are definitely living in interesting times.
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