The Energy ReportPhil Flynn
The Energy Report 4/20/16 Making Energy Great Again! Paste Report Title The Energy Report for Friday, May 27, 2016
Making Energy Great Again!
Donald Trump laid out his vision for American Energy to North Dakota shale country as he received the delegates he needs to clinch the Republican Nomination for President of the United States. Mr. Trump vowed to change the anti-energy movement under the current administration and reverse "draconian climate rules" and lead by having the government out of the way.
Mr. Trump's words were welcome in North Dakota where voters in large part blame the energy slump on over reaching regulations under President Obama. Mr. Trump vows energy independence and at the same time says we'll make so much money from energy that he will pay down the debt and let me tell you, he will make energy great again.
Trump said he would build a pipeline and get Canada to pay for it! Well he might not have put it that way, but he did say that he would ask TransCanada Corp. to resubmit its application to build the Keystone XL oil pipeline and said he would approve it as long as they share some of the profits. "Why not?" Mr. Trump asked, "We're making it possible. Let's take a piece of the action for you folks, you know, lower your taxes a little bit more". "We are going to make so much money on energy, let me tell you." Mr. Trump said that his energy policy will put "America First" as opposed to the current administration putting everyone else first.
President Obama in many ways squandered the potential boom in U.S. energy production. The President put ideology ahead of the American worker and instead decided to lift sanctions on Iranian oil production and put sanctions on American production. The President stood idly by as Saudi Arabia dumped cheap oil onto the U.S. market in a direct attack on U.S. energy producers forcing many of North Dakota voters out of jobs and North Dakota companies into bankruptcy. Is it any wonder why they are going for Mr. Trump in a big way?
Mr. Trump said he would cancel the Paris climate agreement by saying that, "This agreement gives foreign bureaucrats control over how much energy we use right here in America â€¦ We're going to cancel the Paris climate agreement and stop all payments of U.S. tax dollars to U.N. global warming programs. We've got big problems folks and can't send our money all over the world." While Mr. Trump can't cancel the agreement, he can make sure that he won't comply.
He also said that he would save the coal industry because he loves the coal people. Trump has tweeted that, "Obama's war on coal is killing American jobs, making us more energy dependent on our enemies & creating a great business disadvantage."
Oil prices in the meantime rose above $50.00 a barrel on concerns of global production outages and rising demand. Still fears about Janet Yellen's speech at Harvard and the impending three-day holiday weekend caused some profit taking.
Remember to say a prayer for all that gave all for this country! They are the ones that really made America great! Happy Memorial Day!
We still are looking for higher prices as we have for most of this year! Make sure you call me for the latest at 888-264-5665 or email me at firstname.lastname@example.org to open your account. Blessings to our vets as we remember, with a grateful heart, those who fought and fell.
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Phil is one of the world's leading energy market analysts, providing individual investors, professional traders and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline and energy markets. Phil's market commentary, fundamental and technical analysis, and long-term forecasts are sought by industry executives, investors and media worldwide.
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Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. Alaron Trading Corp. its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
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May 28th, 2016
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