Let me also say that I pair these thoughts with a couple more things: If OPEC cuts output, that is a bonus. But Donald Trump has outlined in his 100-Day plan that he wishes to cut global warming funds going TO the UN, and use those funds to help with the United States' infrastructure. Now, I don't believe Trump has said this, but I would not be surprised if he cancels government funding to clean energy companies. It would seem to be Trump's mindset that "why should we pay for your inability to grow organically?" If he WERE to do that, it would incentivize businesses and individuals to consume more oil.
Paired with his proposed 15% business tax rate to bring jobs back to America (he has specifically mentioned manufacturing, and we already see Ford and Apple announcing keeping/moving factories back to America), I expect we will see a very large increase in oil consumption, causing prices to rise.
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