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Started By
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What do you think Trump as POTUS means for the O&G industry
Posted on 11/9/16 at 9:22 pm
Posted on 11/9/16 at 9:22 pm
Hopefully reduces taxes, making it cost effective to drill at lower prices
15
Posted on 11/9/16 at 9:23 pm to Jenar Boy
God I hope so.
Posted on 11/9/16 at 9:24 pm to Jenar Boy
B I G L Y
Posted on 11/9/16 at 9:24 pm to Klark Kent
Maybe he'll tell the al Sauds to pound fricking sand
Posted on 11/9/16 at 9:25 pm to Jenar Boy
bigger truck nuts for starters
kidding aside hopefully he does whatever he can to get many of those people their jobs back. drill more here in the states and alaska and profit
kidding aside hopefully he does whatever he can to get many of those people their jobs back. drill more here in the states and alaska and profit
Posted on 11/9/16 at 9:25 pm to Jenar Boy
Truck nuts on back order. Baws gettin paid.
Gonna be Uuuggeeee.
Gonna be Uuuggeeee.
Posted on 11/9/16 at 9:26 pm to Jenar Boy
Drill Baby Drill
Posted on 11/9/16 at 9:26 pm to Jenar Boy
Well we know he's pro fossil fuels, and I don't think the Middle East was pulling for him, so I would assume all things point to positives for LA
Posted on 11/9/16 at 9:26 pm to Jenar Boy
Maybe he slows some regulations coming from unelected officials in government and streamlines permitting on Blm lands, but that's probably about all he could do. Reality is the American president has little say in the price of oil or gas which are dictated by worldwide markets. The current glut won't change because the president changes.
Posted on 11/9/16 at 9:27 pm to Jenar Boy
Yeti IPO yet?
Posted on 11/9/16 at 9:27 pm to Jenar Boy
Regulatory environment will be what he can affect the most in the short term. Sauds and OPEC and price will take time. Especially if he rolls back sanctions on Russia.
Posted on 11/9/16 at 9:28 pm to BayouBengals18
quote:
Drill Baby Drill
gonna sell it to Europe
Posted on 11/9/16 at 9:28 pm to Jenar Boy
O & G will be back BIG LEAUGE! Trump is all about making America wealthy again! You baws are about to get back to work 
Posted on 11/9/16 at 9:29 pm to Jenar Boy
He'll need the oil for his concentration camps
Posted on 11/9/16 at 9:31 pm to biglego
ok this made me laugh.
Posted on 11/9/16 at 9:36 pm to Jenar Boy
I am hoping, because I sure as shite want some job options when I graduate in May. I have a teacher that is very well known in the coal industry, and he was pretty happy this morning
Posted on 11/9/16 at 9:39 pm to Jenar Boy
See a reduction in regulation...
This doesn't fix the massive amount of oil in storage.
You can't fix supply and demand with a new president.
What I do think though, is Saudi really pushing this production cut. They won't have Clinton pulling favors for them anymore, so they might be relying on supply and demand to keep the country under control. This means production cut. Although OPEC is a bunch of crazy shits that haven't agreed on anything since the beginning of time.
He could provide incentive for refining of domestic oil, leading to less imports. Problem here is, most units in are set up for a certain type of oil to reap the most of each stock barrel of that particular oil weight. For example, I believe the alliance refinery in Belle Chasse is set up for Venezuelan heavy oil. Changing these units over to different oil baskets cost a lot of money.
May see better domestic outlook, but the fed will probably be changing the interest rates soon to screw trump, this will have a negative affect on lending to the shale companies. Probably some more bankruptcies in the near future.
This doesn't fix the massive amount of oil in storage.
You can't fix supply and demand with a new president.
What I do think though, is Saudi really pushing this production cut. They won't have Clinton pulling favors for them anymore, so they might be relying on supply and demand to keep the country under control. This means production cut. Although OPEC is a bunch of crazy shits that haven't agreed on anything since the beginning of time.
He could provide incentive for refining of domestic oil, leading to less imports. Problem here is, most units in are set up for a certain type of oil to reap the most of each stock barrel of that particular oil weight. For example, I believe the alliance refinery in Belle Chasse is set up for Venezuelan heavy oil. Changing these units over to different oil baskets cost a lot of money.
May see better domestic outlook, but the fed will probably be changing the interest rates soon to screw trump, this will have a negative affect on lending to the shale companies. Probably some more bankruptcies in the near future.
Posted on 11/9/16 at 9:41 pm to Jenar Boy
I sure do pray and hope so! There's tons of work to be done but budgets/AFE's are very much bare bones right now and have been cut so much. Some platforms only spend money when BESSE inks them.
Posted on 11/9/16 at 9:42 pm to Jenar Boy
Fracing is about to become illegal in the US and I hope it does. I have sustained so much earthquake damage to my home it's ridiculous.
Posted on 11/9/16 at 9:51 pm to MadtownTiger
Could he slow down imports and make us more independent. We produce more O&G gas than we consume daily.
Why not cut off imports from OPEC?
Why not cut off imports from OPEC?
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