The massive crude oil supply glut in the United States once again has Washington debating the elimination of the 40-year-old national ban on crude oil exportation. Republicans in the House of Representatives announced Tuesday that they plan to vote to remove the ban in coming weeks. If the ban is eventually repealed, the change could provide much-needed relief for struggling oil stocks.

Does It Have The Votes?

The bill’s chief sponsor, Texas Rep. Joe Barton, hopes that he can get all of the Republican House members and at least 20 Democrats to support the bill.

“This is a policy decision that is made over at the Commerce Department, and for that reason we wouldn’t support legislation like the one that’s been put forward by Republicans,” White House spokesman Josh Earnest said in response to news of the vote.

Who Wins?

Several years ago, it was unimaginable that the US would consider lifting…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!