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Trump in the White House? Sure, that might mean “deregulate, drill, and pump” vibes for U.S. oil. But more U.S. production could flood the market, driving prices down. Good news for drivers, but maybe not so much for CEOs. It gets tricky: Trump’s also pushing for sanctions on Iran and Venezuela, potentially slashing global supply by 2.5-3M barrels a day (~3% of global oil). Even a small disruption like this has caused price spikes before (think Libyan Civil War, Iran sanctions in 2018). So, how does this balance out? Extra U.S. supply could offset some of those drops, but not all. And don’t forget – China might ignore U.S. sanctions, and Trump’s promise to end the Russia-Ukraine war could free up more Russian oil too. In the end? Lots of questions. Few answers. submitted by /u/FXgram_ |
Warren Buffett is back to buying: For the first time since building a record $325 billion cash balance, Warren Buffett updated his portfolio.
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