Proponents further point to the benefits the oil would bring to the U.S. in terms of displacing overseas crudeoil from the MiddleEast and the positive economic benefit to U.S. energy refiners.
Proponents further point to the benefits the oil would bring to the U.S. in terms of displacing overseas crudeoil from the MiddleEast while also providing the U.S. manufacturing sector a major boost via the refiners who would produce everything fro gasoline to plastics from the oil.
Demand for Anadarko paper appears immune from bad news, but as a contender for a positive ratings change, investors appear willing to keep on adding its paper to their portfolios not withstanding a decline in the price of crudeoil ushered in by an announced supply increase in the MiddleEast over the weekend.