”Energy markets are trying to digest what a Trump presidency means for oil and gas prices. While the bulk of Trump’s policies are expected to be bearish for prices, the key upside risk is how the future president deals with Iran. “We will drill, baby, drill” – or maybe not so much. “We have more liquid gold than any country in the world,” Trump mentioned in his victory speech, which ties in with previous comments from the president-elect that the US will “drill baby, drill.” And while the incoming administration will hold a more favorable view towards the oil and gas industry, ultimately the potential for production growth is going to be largely dictated by price. There is additional upside to US oil production, but we do not think it will significantly move the needle.”
Morten W. Langer
