Post by
Marty47 on Jul 24, 2024 12:53pm
Harris vs trump winning election on oil
Just listening Neal Dingmann in the USA and here the prediction
of Harris win the withe house oil will be above 90$ as she will cause restriction in the oil sector as you know she prosecute oil companies in California but natural gas will not be impact due to the AI demand
On the other hand , starting in jan under trump oil will loose 10to 20% as he will get production up in the USA
So I'm not sure the impact for oil stocks but oil at 65$. Is never a big profits .
Comment by
barneyj44 on Jul 24, 2024 1:09pm
Oil companies will not over produce to appease politicians. There new mandate is profits for share holders and a balanced market
Comment by
Marty47 on Jul 24, 2024 1:57pm
Yea this will be nice trump pollieve , at least we know Trudeau is done , it's positive for Canada
Comment by
baranja on Jul 24, 2024 7:59pm
I dont' buy that. Trump is pro oil and gas. Trump will support oil and gas. I just hope AI lie bubble pops and big money moves to energy sector. I think US shale has maximum of 5 years reserves left, there is nothing to do get production up. Thos shale fields are soon to be dry and empy.
Comment by
Anschutz on Jul 24, 2024 11:03pm
If Harris wins we will see $125+ WTI. She is a 1000x more radical than sleepy Joe. Even Obama has reservations about throwing his support behind her. She will send oil through the roof in order to destabilize the US and all western nations.