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After more than 40 years on the throne, the U.S. is no longer the biggest oil importer in the world. In December 2012, the Financial Times reported that China had imported more oil than the U.S., and OPEC expects China to permanently take hold of the position of top importer in 2014. This transition could have wide-ranging economic and geopolitical implications. Erin Miller sat down with Fool.com contributor Travis Hoium to see what the effects will be and what companies may benefit from this development.
Energy investors would be hard-pressed to find another company trading at a deeper discount than Chesapeake Energy. Its share price depreciated after negative news surfaced concerning the company's management and spiraling debt picture. While the debt issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand-new premium report on the company. Simply click here now to access your copy.
The article China Is Now the Biggest Oil Importer in the World Reported by DailyFinance 41 minutes ago.
After more than 40 years on the throne, the U.S. is no longer the biggest oil importer in the world. In December 2012, the Financial Times reported that China had imported more oil than the U.S., and OPEC expects China to permanently take hold of the position of top importer in 2014. This transition could have wide-ranging economic and geopolitical implications. Erin Miller sat down with Fool.com contributor Travis Hoium to see what the effects will be and what companies may benefit from this development.
Energy investors would be hard-pressed to find another company trading at a deeper discount than Chesapeake Energy. Its share price depreciated after negative news surfaced concerning the company's management and spiraling debt picture. While the debt issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand-new premium report on the company. Simply click here now to access your copy.
The article China Is Now the Biggest Oil Importer in the World Reported by DailyFinance 41 minutes ago.