RE: Trump effect24 Jan 2025 07:36
Minimal I think,diddly.
Shale won’t take off like it once did, it was too expensive as far as I know. Too many companys will be cautious of throwing so much capex at wells for them to get squeezed out in a glut again.
I can’t see shale taking off anywhere like it once was.
Trump will just focus on ending the Ukraine war but that won’t change anything in the long run because we are still buying Russian oil and gas through the back door anyway.
Can’t see oil dropping much from these levels whatever happens.