Monday 14 November 2016

Trump presidency bullish long term for oil and gas, energy CEO says

In Oil & Companies News 14/11/2016

oil_and_gas_energy_production
While there are some specifics about President-elect Donald Trump’s energy policy to be worked out, overall his presidency is “very bullish long term for oil and gas,” Warwick Energy CEO Kate Richard told CNBC on Thursday.
Trump has said he wants to roll back regulations and produce more energy, which he believes will create more wealth for America.
Richard thinks Trump’s economic plan could probably spur economic growth and demand for oil.
“I think the market loves Republican administrations and infrastructure is very bullish for crude and natural gas demand,” she said in an interview with “Power Lunch.”
Trump has promised a massive infrastructure spending program, saying in his victory speech early Wednesday morning he’s going to fix highways bridges, tunnels, airports, schools and hospitals — and put millions of people to work to get it done.
While Richard believes Trump’s energy policy is “interesting,” she noted the whole story can’t be put together yet.
For one, she said talk about repealing Environmental Protection Agency regulations are a little hard to understand.
“We haven’t seen a decline in drilling in this country because of EPA regulations. We’ve seen a decline in drilling in this country because of two years of low prices,” she said.
Right now, Richard thinks there are other things that are more important for the energy industry.
“For natural gas: winter. And for crude: OPEC and the OPEC meeting at the end of November. And both of those are bullish for the commodities which are probably bullish for the equities.”


Source: CNBC

Payoneer - Una mejor solución de pago global

Payoneer - Una mejor solución de pago global
Una forma alternativa de enviar y recibir dinero de forma segura de la contaminación infecciosa del virus corona mientras se observan las instrucciones de cuarentena en el hogar y los procedimientos de asesoramiento de viaje.

Payoneer-より良いグローバル決済ソリューション

Payoneer-より良いグローバル決済ソリューション
家の検疫手順と旅行勧告の手順を守りながら、感染性コロナウイルスの汚染から安全かつ安全にお金を送金して受け取る別の方法。