Trump Oil

Will Trump help send oil over 100/bbl?   19 members have voted

  1. 1. Do you agree that Trump will help send oil over 100/bbl?

    • No, oil will go down or stay the same
      5
    • Yes, oil will be 100/bbl by Jan 2019
      5
    • Yes, oil will be 100/bbl by Jan 2020
      4
    • Yes, but it will take more than 2 years to reach 100/bbl
      5
    • Unsure
      0
    • I don't know
      1

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Does everyone agree that most oil related stocks are Trump stocks and that Trump is going to help drive oil over 100/bbl?  Let's get your vote counted.

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Trump drives stocks, but he really only drives volatility. What exactly is a "trump stock"?

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2 hours ago, TraderTate said:

Trump drives stocks, but he really only drives volatility. What exactly is a "trump stock"?

Agreed about driving volatility.

And I have the same question, what is a "Trump Stock"?

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Thanks for the insights TraderTate and Tom.  A Trump Stock could be a stock that theoretically would benefit from Trump's policies vs. H. Clinton's proposals.  For example, H. Clinton would have probably backed proposals that would have not increased drilling or mineral exploitation in the United States.  Clinton would have probably raised taxes on oil companies with the idea of transferring the funds to alternative energy companies and climate researchers.  This would have likely had a negative impact on the entire oil industry.  There is also a list of the stocks that Trump owns made publiic and one of them is an oil refiner.

I think Trump has a lot of influence over the price of oil due to his international and domestic policies.  Oil money is what partly put Trump in power and he wants to support his base.  Do you think it's a coincidence that oil always goes up during Republican administrations?  Oil crashed during Bill Clinton's presidency in 1998.  Then oil went way up with George Bush.  Then oil came down with Obama.  Now oil is going up with Trump.  Check out Mein Jihad for more info....http://wfmu.org/playlists/DX

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WFMU!!!  I miss hearing that station in NYC.

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  • Upvote 1

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9 hours ago, Horton47 said:

Oil crashed during Bill Clinton's presidency in 1998.  Then oil went way up with George Bush.  Then oil came down with Obama.  Now oil is going up with Trump. 

So this means that we should look forward to get a new president 

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What I am not clear on is the legal framework (if any) that would allow the Trump Administration to place either tariffs or quotas or both on imported oil.  If that is in the cards, and that hand is played, then you end up with large incentives for both domestic exploration and extraction, and refining of domestic coal deposits in both Wyoming and West Virginia into diesel. It effectively transfers excess profits from foreign producers to the US Treasury, to the extent that offshore producers feel compelled to continue selling even if the funds from a price rise are transferred to the US Treasury.  It would place a ceiling on offshore pricing power and a floor under domestic producers.  Comments, anyone?

Keep in mind that this is what Trump is doing right now with softwood (construction lumber) imports, which as a practical matter discriminate against Canada.  So there is precedent. 

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