Next President and impact on price of oil - Adults only12 Oct 2020 12:56
Just thought this might be a good subject for discussion
My 2 cents... During Trumps time his administration can be seen, on the whole, as a negative influence. Despite being touted as pro oil the actions of the Trump administration has led to lower prices on average compared to previous one (check out the charts since 2016) 2 policies (opening up of US as net exporter and propagator of Global trade wars) have had a massive downward effect on the price of oil as well as the ongoing covid situation. So if Biden wins and reverses the first two policies then it stands to reason that the price of oil will actually rise? I haven't mention the covid situation as it is dependant on a vaccine and is really an unquantifiable variable at this stage. So what are your thoughts?...