What If the U.S. Set Oil Prices?VW Staff
What If the U.S. Set Oil Prices? by Brad McMillan, chief investment officer for Commonwealth Financial Network.
For decades now, the U.S. has essentially had to accept the oil prices set by world markets. Starting in 1973 with the OPEC-driven oil shock, the major producers have been foreign countries. If the U.S. wanted the oil, we had to pay the price.
But are things starting to change?
U.S. moves toward allowing exports
Federal policy currently prohibits the export of oil, but today . . .
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