Oil Investor and Energy Reports with Kent Moors

Relying on outdated intel can be disastrous on many levels.

This is something I can tell you firsthand, as a former intelligence officer for the U.S. government.

I have been to countless countries during my four-decade career, including all 15 former Soviet republics, several islands in the Caribbean, most of Europe, and much of the Middle East.

Some of these places I’ve been to for pleasure, most for business.

I’ve been a consultant for many government agencies, energy businesses, 29 governments around the world, and several dozen public and private companies.

And let me tell you, if any of the information I had at my disposal was outdated, I would have been in a boatload of trouble – either with my reputation or my life.

I’ve rarely, if ever, found myself in a situation in which my information couldn’t be trusted, and I consider myself lucky in that regard.

But the U.S. government – particularly the sector involved in surveying land – can hardly say the same.

Because there’s one spot in the U.S. that could have been making the government – and everyday Americans – millions in profit if they hadn’t been relying on information outdated by several decades.

I’m talking about the biggest oil discovery in U.S. history…

E15 is the 15% mixture of ethanol and gasoline that currently is prohibited during the warmer months of the year.

On Monday, President Trump announced that he would end restrictions on the seasonal sale of E15.

The announcement brought a firestorm of activity in stock values for ethanol producers. But it also ushers in several problems…

First, it is obvious what this move really is – a not very well disguised attempt to buy corn producing votes in the approaching midterm election.

Corn is most often used in the production of anhydrous ethanol in the U.S. and the decision seems to mean an expanded domestic market for the raw material. 

But the presidential action also has brought an immediate push back from the oil product refining sector.

Why?

Because any government move to increase the use of ethanol in the country’s retail gasoline mix increases the costs to refineries in the manufacture of high octane gasoline.   

And the initiative, which still requires a detailed plan to administer it, would have some other adverse implications…

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