NEW YORK (TheStreet) -- For October, the Department of Commerce reported that American exports reached the highest level ever recorded.
The world can be expected to buy even more goods and services from U.S. companies in the years ahead because of projected growth of the global economy, especially in emerging-market nations. That should boost Exxon Mobil (XOM) , Deere & Co. (DE) and Union Pacific Corp. (UNP) .
Exxon Mobil is pushing to allow the export of oil from the U.S. to other countries that are waiting to import the excess crude that Exxon Mobil wants to peddle around the globe. The U.S. has restricted oil exports since the 1970s.
As detailed in a previous article in TheStreet, the International Energy Agency has predicted that increasing demand for energy will come from the two most populous nations in the world: China and India. Much of that will have to be met by oil.
Alternative energy doesn't have the capabilities. Coal is too dirty. Part of China's economic reforms is to reduce its dependence on coal for power to protect its environment. And natural gas lacks the extensive pipeline network needed to deliver the fuel to end users.
In addition to using more oil, the populace of the world will be eating more.
But more land and more water cannot be discovered, as greater supplies of oil and natural gas have been in recent years by fracking. That should benefit Deere, a maker of agriculture equipment that dominates the export market from its headquarters in Moline, Ill.