Your current location is:{Current column} >>Text
Trump's inauguration could drive major energy shifts, impacting the global oil and gas market.
{Current column}2People have watched
IntroductionIf Trump is re-elected, the global energy industry may experience significant adjustments. With his ...
If Trump is Ranking of Global Forex Dealersre-elected, the global energy industry may experience significant adjustments. With his influence in the Senate and Supreme Court, Trump may swiftly implement three major energy-related policies within the first 100 days of his term, impacting the oil and gas markets, geopolitical relations, and energy security of key countries.
First, Trump plans to lower global energy costs by increasing U.S. oil and gas production. In the "Trump Agenda," he explicitly states that the U.S. should become the industrial country with the lowest energy costs globally and promises to eliminate federal permit delays for oil and gas production. He might also resume the liquefied natural gas export permits that were suspended by the previous administration. This policy will boost domestic oil and gas extraction in the U.S., leading to increased supply and exerting downward pressure on global oil prices.
Secondly, Trump may promote peace talks between Russia and Ukraine early in his term. He proposed a strategy of exerting pressure on both Russia and Ukraine to quickly resolve the conflict. This includes signaling to Russia that failure to reach an agreement will result in more significant U.S. aid, while pressuring Ukraine to accept compromises in territorial disputes negotiations. Furthermore, Trump may urge NATO countries to increase defense spending to share the U.S.'s burden within the alliance. This move could have profound implications for the political stability of the EU, particularly affecting Germany and other European nations' energy supply considerations with Russia amid the Russia-Ukraine war and energy issues.
Finally, Trump may allow Israel more freedom to act against Iran. Since the U.S. withdrew from the Iran nuclear deal in 2018, Trump has taken a hard stance against Iran, believing it used the deal's funds to develop a nuclear weapons program. If Trump eases restrictions on Israel in the Middle East, it could escalate regional tensions and alter global energy flows to strengthen U.S. strategic alliances countering Asian influence.
If implemented, these potential policies would have far-reaching effects on the global energy market and geopolitical landscape.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
China's JD.com to spin off industrial, property units in Hong Kong float By Reuters
{Current column}By Twinnie Siu and Scott Murdoch(Reuters) -E-commerce firm JD (NASDAQ:).com Inc said on Thursday it ...
Read moreStock Market Today: Dow Ends Higher as Energy Surge Offsets Tech Stumble By
{Current column}© Reuters By Yasin EbrahimFxgecko.com -- The Dow made a positive start to the week Monday, as a ...
Read moreBiden tests positive for COVID, has mild symptoms, taking Paxlovid treatment By Reuters
{Current column}© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks on climate change and renewable ene ...
Read more
Popular Articles
- Dow futures little changed as investors await corporate earnings By
- 'Game of Thrones' prequel meets Targaryens at height of power By Reuters
- Reactions to Russia's strike on Ukraine's Odesa port By Reuters
- Bilaxy Trading Is Safe? Company Abbreviation Bilaxy
- Debt limit progress, weak Chinese data
- Dividend Stocks Starting To Lose Their Luster
Latest articles
-
Indonesia proposes demilitarised zone, UN referendum for Ukraine peace plan By Reuters
-
Outraged by strike on Odesa, Ukraine still prepares to resume grain exports By Reuters
-
NTU Capital Trading Is Safe? Company Abbreviation NTU Capital
-
Fed Hikes Rates By 75 BPS: What Does It Mean For The U.S. Economy?
-
AMD forecasts second quarter below estimates with slow chip demand By Reuters
-
Barclays, Tesla, Intel Rise Premarket; Philips Falls By