Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

President Trump will be a boon for hydrocarbons

Wednesday, November 9, 2016 5:33
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Trump’s presidency is expected to provide a boon for hydrocarbons business.

But Brendan Long, analyst at stockbroker WH Ireland, says that broader political and economic uncertainties are weighing on oil prices.

Brent crude was steady at US$46 per barrel, while West Texas Intermediary was down 0.3% changing hands at US$44.85.

“We believe that President Trump will be against regulation in principle and unsympathetic with climate change policies, which is favourable for coal, oil and gas (both for US supply and demand).

Lond added: “We anticipate that President Trump will support policies that favour shale oil and gas, but in tangible terms we see little change as shale plays have been supported by US policy for over a decade and their success relates to principally to economics and technology.

“On the demand side, we see more freedom being provided to consumers which will materially increase demand for oil…keep an eye on the Ford F150 – America’s best-selling vehicle for decades and recently built in soft aluminium to meet efficiency standards, expect it to be more powerful and tougher in a couple years.”

Story by ProactiveInvestors

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.