Trump Just Transformed This Key U.S. Industry
caseyresearch.com / By E.B. Tucker / May 05, 2017
Donald Trump is flipping one of the most important U.S. industries on its head.
If you understand what’s happening, you can save your portfolio from huge losses in the coming years. You can even profit from this new trend.
I’m talking about the massive transformation happening in the oil industry right now.
Let me explain…
Trump Is Good for the Oil Business…but Bad for the Oil Price
Obama was just the opposite. He and the Environmental Protection Agency (EPA) barely let the ink dry on regulations before churning out the next batch. In fact, under Obama, the EPA created 3,900 regulations.
That and other factors meant U.S. crude oil traded for over $100 per barrel in four of Obama’s eight years running the country. In late 2014, the price started falling. Today, two-and-a-half years later, a barrel costs $47.
The post Trump Just Transformed This Key U.S. Industry appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/06/trump-just-transformed-this-key-u-s-industry/
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Weaker dollar translates to high purchases of American made products overseas. More jobs at home. But foreign made goods and products will be pricier in some instances. It balances out and ultimately feeds wealth back into the US.