OPEC’s Days Are Coming To An End [Seadrill Ltd, Transocean LTD, Chevron Corporation, ConocoPhillips]

On the other hand, the tight/shale oil and gas revolution is having a major positive impact on employment, local tax bases, and economic development. A subdued pricing environment may call this into question.

Exporting, on the other hand, would become a major continuing stimulus.

So as we head into 2015, OPEC has revealed its cards and they aren’t playing a winning hand. Instead, a response is about to follow that involves the export of liquefied natural gas (LNG) from the U.S. beginning within the year, and prospects for straight crude exports (or allowing additional minimally processed volume to follow already approved exceptions to current legislation).

The network that will bring down OPEC policy includes North American production, consumers worldwide, and financing delivered from some unlikely sources.

All of which makes my upcoming meetings in London that much more interesting. I’ll have more on this as the story develops.

Money MorningWritten By Kent Moors From Money Morning

We’re in the midst of the greatest investing boom in almost 60 years. And rest assured – this boom is not about to end anytime soon. You see, the flattening of the world continues to spawn new markets worth trillions of dollars; new customers that measure in the billions; an insatiable global demand for basic resources that’s growing exponentially; and a technological revolution even in the most distant markets on the planet.And Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. In fact, we believe this is where the only real fortunes will be made in the months and years to come.

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