"U.S. MAY REACH POINT WHERE IMPORTS OIL ONLY FROM CANADA"  Valero (VLO, quote) CEO Bill Klesse. Regardless of where politics go there is no question that lower natural gas (UNG, quote) prices give U.S. refiners a big "advantage" over the European competitors and they continue to take market share.

Valero The impact for U.S. petrochemical companies who use cheap feedstock to convert to alternative and specialized energy products is a positive dynamic. 

Russian sanctions, Middle East unrest, Venezuelan posturing mean that core exporters to US are starting to either be off limits, or just not interesting sources of fuel. 

 

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