Sunday, November 18, 2012

Predicted US oil glut a boon to those who move it

Reuters: Railroads, pipeline companies and refiners stand to do especially well from a U.S. drilling bonanza that is upending the energy trade balance for the world's largest economy. An anticipated surge in U.S. oil output to the highest levels in the world would give a boost to those who move crude to where it can be turned into finished products and even shipped abroad. Shares of pipeline companies Kinder Morgan, Williams Cos Inc and Energy Transfer Equity have slipped in recent weeks. But all three...

URL: http://www.reuters.com/article/2012/11/18/usa-energy-independence-idUSL1E8M9DRU20121118

No comments:

Post a Comment