Post by
kegman on Nov 06, 2024 11:57am
The weight of Trump
He will not allow Mudaro to sell his oil. Sanctions back on. Iranian sanctions will be huge. There is nothing to ramp up in shale plays really of any significance. What can he do with Keystone. Would take huge subsidy and guarantees to get that started again. So with those thoughts, even if Opec + ramps up a bit...tit for tat. Real issue is whether Iran throws big rock at Israel before changeover in White House. Netty will feel rather emboldened. I agree that Trump would sacrifice a trillion Palestinians , Persians and Lebanese to wrap this up. Netty will have free reign but he has to do it quick. What does that do to oil for BTE in Q4? In the meantime oil will yoyo like today. Totally not sustainable for any economy but Trump has no concerns until Feb 2025. Biden is truly the lamest of all ducks. Meanwhile, back in Canada, the NDP...I mean Liberal NDP alliance will go on until fall 2025 so everyone can get their pensions. TRudeau was always a NDP. Just used Liberal banner to get elected. How much damage can Guilbeault do before then?
Comment by
Realdude on Nov 06, 2024 12:43pm
all good comments and observations bro, except keystone. in return for keystone being dead trump will open usa lng capacity full tilt which is a plus. i just cant believe oil is not popping harder. lets hope israel has the balls to annihilate iran soon. afterall they have the green light now more than ever.
Comment by
Marty47 on Nov 06, 2024 12:52pm
Ya agree with you , Maduro will get sanctions and Iran won't have it easy under trump , if trump want to pump more he will cut off others to export USA oil but I don't think in Canada we will have an election in Nov 2025 we need to flush the Trudy's before