1Wk
I appreciate your good intuition for stocks.
But how do you come up with oil? Trump's "Drill, baby, drill!" and his tariff wars should depress oil prices for the time being. Right?
But how do you come up with oil? Trump's "Drill, baby, drill!" and his tariff wars should depress oil prices for the time being. Right?
••
@Epi Oil prices may go down in the short term, but production volumes could/will increase.
However, I assume that other important states such as the Saudis will then reduce their volumes, as they all have an interest in getting their necks fuller
However, I assume that other important states such as the Saudis will then reduce their volumes, as they all have an interest in getting their necks fuller
••
@lawinvest Addendum: We will see whether a tariff war will actually have a negative impact on the oil price. Was that the case last time? I don't quite remember.
••
1Wk
@lawinvest If the production volume increases, then prices fall. That's the point. And I don't believe that the Saudis are cutting their production volumes so that the Americans can make more money. 😅
The tariff war is likely to have a negative impact on the economy and at the same time make it more difficult for the Americans to get rid of their stuff abroad due to counter-tariffs.
I see both factors as potential headwinds for US oil stocks. In this respect, I am skeptical. But that's the stock market, it thrives on differences of opinion. 🤷
The tariff war is likely to have a negative impact on the economy and at the same time make it more difficult for the Americans to get rid of their stuff abroad due to counter-tariffs.
I see both factors as potential headwinds for US oil stocks. In this respect, I am skeptical. But that's the stock market, it thrives on differences of opinion. 🤷
••