Drill baby drill might be good for American oil n gas companies, but could increase supply and lower the poo/pog? So bearish.
On the flip side should the US actually Enforce it's sanctions on Iran, or Israel now be emboldened to go after Iranian oil infrastructure... And/ or Russia and North Korea get a bit of US backlash in Europe... Then that might up the geopolitical ante... So bullish....
Austria and Europe need to ween themselves off Russian energy in any event.
Trump is about Cheap oil, adx wants expensive oil, cheaply... So a Harris win couldve been better for expensive oil? Nothing a good old bit of sabre rattling can't accomplish though... Imo.
Cheers tc.
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