The selection by the Trump camp of Rex Tillerson, the ex-CEO of Exxon Mobil to be the next Secretary of State is going to be a controversial one – but for us as investors in the energy space, it is only the last very transparent move of an incoming administration that is – to put it mildly – very committed to oil and gas here in the United States.
There are two economies that matter that virtually depend upon oil and gas revenues to survive – Russia and Saudi Arabia. And the number one producer of oil and gas is the United States.
There are two economies that matter that virtually depend upon oil and gas revenues to survive – Russia and Saudi Arabia. And the number one producer of oil and gas is the United States. Even though the US is far less dependent upon oil revenue for the health of its economy, I have been one guy who has maintained that economic health and growth since the economic collapse of 2008 has been greatly tethered to the price of oil.
Trump has spoken on the campaign trail of a roll back of regulation, an unleashing of American energy resources and a restart of the Keystone pipeline. He’s tweeted that climate change is a Chinese hoax and has installed Greg Pruitt, an Oklahoma climate change denier as the new head of the EPA. He’s named Wilbur Ross, the majority owner of Exco Resources as his Commerce secretary and Rick Perry, the oil rich Texas governor as his Energy secretary – and this after considering Harold Hamm, the CEO of shale giant Continental Resources first.
THE ENERGY WORD WEBINAR
Monday December 19th at 4PM DST
Get access to my next ENERGY WORD webinar on Monday December 19th at 4PM DST. You don’t want to miss it!
Could you get a better invitation to get long oil and gas stocks for the next two years? I don’t think so. Doing that in a wise and timely manner is exactly what I do – and what I’m offering with my bi-weekly webinar service. It’s never been more critical for you as an oil and gas investor than right now to be a part of that service – now that the “Exxon Presidency”, as I’m calling it, is about to begin.