As Trump promises to repeal Obama’s environmental legislation, the energy sector anxiously awaits his actions.
We all remember Ken Bone, the bespectacled, chubby guy in the red sweater who challenged Hillary Clinton and Donald Trump during the second presidential debate. But beyond his amusing appearance, he actually asked a question of substance:
“What steps will your energy policy take to meet our energy needs while at the same time remaining environmentally friendly and minimizing job layoffs?"
One of the main processes championed by US president Barack Obama was increasing environmental regulations in the energy industry. These steps have put some tough constraints on the fracking industry and coal producers. He has also promoted the usage of green energy, at the expense of the more traditional sources of oil, gas and coal.
Moreover, Obama’s approach has also influenced some energy infrastructure projects. The best example would be the problem that the North Dakota pipeline project faces, due to its crossing of the Missouri River and the Standing Rock Indian Reservation.
Hillary Clinton pledged to continue the policy of the incumbent president, and even stated in May that she is going to “put a lot of coal miners and coal companies out of business”.
On the other side of the aisle, the Republican candidate has stated several times that he wants to champion the rights of energy sector laborers, such as the coal miners. “The miners in West Virginia and Pennsylvania, which was so great to me last week and Ohio and all over, they’re going to start to work again, believe me,” said Trump earlier this year.
On a more practical note, Trump has vowed to repeal some of Obama’s environmental legislation, such as the Clean Power Plan, limiting the energy sector. We can add to that Trumps’ view of the US EPA (Environmental Protection Agency).
“What they do is a disgrace,” he said, and even hinted he will close the organization altogether.
Not to mention his opinion on global warming. “The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive”, Trump tweeted in November 2012. Later, he also offered that the US should pull out of the Paris climate deal.
Outlook
Now that Trump has become the president-elect, against all odds, the energy sector is anxious to see his actions in this regard. The Wall Street Journal recently published an artile regarding the expectations that energy companies (and especially coal producers) have from his upcoming term.
For the short term, energy sector shares have rallied and are expected to perform better as January 20th approaches.
In the long term, I believe that for American entrepreneurs and workers, this is some good news. The environmental regulations went too far and preferred the trees to the people. There are ways to lessen harm to the environment in more moderate ways.
The development of the American fracking industry has allowed the US to become one of worlds’ top oil producers and also to be self-sufficient. But it also sparked an oil war between the US and the traditional oil producers (such as Russia and Saudi Arabia).
But this industry has become a victim of its own success. Fracking is believed to be one of the main causes for the drop in the oil prices in the last two years. The low prices (along with the regulatory costs and constraints) has put many frackers out of business.
But at the same time, it’s important to state that while backing off from some constraining regulations might mean more jobs in the energy sector, it could also mean higher volatility for oil and gas prices.
On the one hand, increasing the demand for oil inside the US could send black gold prices upwards. On the other hand, unleashing the American fracking industry, and the re-legitimization of coal production, may reignite the Cross-Atlantic oil wars and drive oil prices to the bottom.
We all remember Ken Bone, the bespectacled, chubby guy in the red sweater who challenged Hillary Clinton and Donald Trump during the second presidential debate. But beyond his amusing appearance, he actually asked a question of substance:
“What steps will your energy policy take to meet our energy needs while at the same time remaining environmentally friendly and minimizing job layoffs?"
One of the main processes championed by US president Barack Obama was increasing environmental regulations in the energy industry. These steps have put some tough constraints on the fracking industry and coal producers. He has also promoted the usage of green energy, at the expense of the more traditional sources of oil, gas and coal.
Moreover, Obama’s approach has also influenced some energy infrastructure projects. The best example would be the problem that the North Dakota pipeline project faces, due to its crossing of the Missouri River and the Standing Rock Indian Reservation.
Hillary Clinton pledged to continue the policy of the incumbent president, and even stated in May that she is going to “put a lot of coal miners and coal companies out of business”.
On the other side of the aisle, the Republican candidate has stated several times that he wants to champion the rights of energy sector laborers, such as the coal miners. “The miners in West Virginia and Pennsylvania, which was so great to me last week and Ohio and all over, they’re going to start to work again, believe me,” said Trump earlier this year.
On a more practical note, Trump has vowed to repeal some of Obama’s environmental legislation, such as the Clean Power Plan, limiting the energy sector. We can add to that Trumps’ view of the US EPA (Environmental Protection Agency).
“What they do is a disgrace,” he said, and even hinted he will close the organization altogether.
Not to mention his opinion on global warming. “The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive”, Trump tweeted in November 2012. Later, he also offered that the US should pull out of the Paris climate deal.
Outlook
Now that Trump has become the president-elect, against all odds, the energy sector is anxious to see his actions in this regard. The Wall Street Journal recently published an artile regarding the expectations that energy companies (and especially coal producers) have from his upcoming term.
For the short term, energy sector shares have rallied and are expected to perform better as January 20th approaches.
In the long term, I believe that for American entrepreneurs and workers, this is some good news. The environmental regulations went too far and preferred the trees to the people. There are ways to lessen harm to the environment in more moderate ways.
The development of the American fracking industry has allowed the US to become one of worlds’ top oil producers and also to be self-sufficient. But it also sparked an oil war between the US and the traditional oil producers (such as Russia and Saudi Arabia).
But this industry has become a victim of its own success. Fracking is believed to be one of the main causes for the drop in the oil prices in the last two years. The low prices (along with the regulatory costs and constraints) has put many frackers out of business.
But at the same time, it’s important to state that while backing off from some constraining regulations might mean more jobs in the energy sector, it could also mean higher volatility for oil and gas prices.
On the one hand, increasing the demand for oil inside the US could send black gold prices upwards. On the other hand, unleashing the American fracking industry, and the re-legitimization of coal production, may reignite the Cross-Atlantic oil wars and drive oil prices to the bottom.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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