The Energy Report
Phil Flynn
http://www.pricegroup.com/
pflynn&pricegroup.com
The Energy Report 12/21/17
T'was the Energy Report before Christmas,
And Trump's tax cut passed through the house, not one Democrat voted yes, they just sat there and groused. The hedge-funds stuffed political stockings with care, in hopes that the carried interest loophole still would be there. The Democrats wanted to tear the bill into shreds, it's just a tax cut for the rich, and that was all that was said.
A 21% corporate tax rate and a local state deduction cap, it's a deal that all of the Democrats wanted to scrap. But after it passed there arose such a clatter. Banks started to raise wages and soon that was all the chatter, bonuses were issued despite the backlash, it wasn't trickledown economics, it was real cold hard cash. Workers looked happy after getting more dough. The store owners are happy because Christmas spending will grow.
Republicans celebrated and drank down some beers. The Trump tax cut vote was something to cheer. The raises and bonuses were so lively and quick, I thought that Nancy Pelosi was starting to look sick.
More rapid than eagles the yes votes they came, and because this is historic I will call some of their names! Yes Roby! Yes Rogers! Yes, Walters and Simpson!
On Roskem! On Davis! On Hultgren and Shimkus! To the top of the dome and in the Capitol hall, they voted for tax cuts! Tax cuts for all!
And before the ink dries the economy flies. In anticipation of the deal stocks went to the sky. Tax cuts are real! It's to good to be true. Its not just being felt here it will be felt throughout the world too. And then, in a twinkling, oil will go through the roof. Increasing demand will be foolproof. As I drew in my head, it was turning around, down the inventories as refiners turn round. It's a great time to be an entrepreneur and lift up from your boots instead of regulation and taxes taking your loot.
Trump said he would get the government off of your back and would make America great and get us on track.
Trumps eyes-how they twinkled! His dimples how merry! His tax cuts went through and he was smelling like roses, his nose like a cherry! His droll little mouth was drawn up like a bow, as he bowed and he waved to the people below.
It was a victory lap that he had in his teeth and the Congress encircled Mr. Trump like a big Christmas wreath. He had a broad face as he looked in the tele, he told jokes and they laughed, even General Kelly. He was happy like he was on the stump, a little verbose and a bit full of himself. Yet a wink of his eye and a twist of his head, Soon gave me to know I had nothing to dread. He spoke a few words, about the Members teamwork and wanting to put more workers to work. And laying his finger aside of his nose, he gave a nod and the applause meter rose! Before he gave the press a dismissal there was no talk about North Korean missiles, But I heard him exclaim, as he went out of sight, America will say Merry Christmas again and to all a good night!
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.
Contact Phil at 800-935-6487 or pflynn&pricegroup.com.
