This oil sector hasn’t crashed yet… But it’s about to

From Matt Badiali, Editor, Stansberry Resource Report:

Unlike the rest of the oil industry – which has been decimated by lower oil prices – U.S. oil refiners have marched on to new highs.

But the five-year-long bull market for these companies is about to come crashing down.

Let me explain…

You can see the incredible uptrend in the following chart of refining giant Valero Energy (VLO). Its shares are trading near an all-time high…

Does that look like the chart of a company whose commodity is down more than 30% over the last 10 months? Heck no. And it won’t stay that way for long.

As longtime Growth Stock Wire readers know, hydraulic fracturing (“fracking”) has allowed the U.S. to tap oil reserves in areas like Texas’ Eagle Ford and North Dakota’s Bakken shales. Because of this, annual U.S. crude oil production is up more than 70% since 2008. The glut of oil…

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