Reuters: The removal of Trump, a Republican, from office appeared unlikely since it would require the Republican-controlled Senate to convict him in a trial by a two-thirds majority.
"It's not going to happen, where you have a Republican Senate convict a sitting Republican president," said BB&T Wealth Management Senior Vice President Bucky Hellwig, characterizing the 1998 impeachment of President Bill Clinton as a "nothing burger."
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Personally, I've decided to quit trying to figure out what the Democrats are trying to do. I know they hate Trump and still cannot grasp that he beat Hillary, but this move seems even stupid for them. It will hurt Biden more than Trump since most people weren't aware of the deal that Biden made with Ukraine to get his son off the hook when he was VP. They have to know that the Senate will not impeach Trump over a telephone conversation with Ukraine no matter what he said.
More on point here: The Democrats plan to ban all fracking is also insane. They have no idea of the scale of the energy industry. A ban on fracking would push gasoline over $5.00/gallon within a year and we might seen fuel rationing. Electricity and home heating bills would also skyrocket.
Impeachment: Should you be worried? NO
Impeachment: Should you be worried? NO
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Impeachment: Should you be worried? NO
Trump transcript of call with Ukraine as been released.
Democrats have used the whistleblowers comments to start an impeachment inquiry based on their statement that President Trump set up a quid pro quo agreement with the Ukrainian President however this appears to be completely false considering the transcript shows no evidence of bribery from the part of President Trump.
Read: https://trendingpolitics.com/ukraine-tr ... dium=email
Democrats have used the whistleblowers comments to start an impeachment inquiry based on their statement that President Trump set up a quid pro quo agreement with the Ukrainian President however this appears to be completely false considering the transcript shows no evidence of bribery from the part of President Trump.
Read: https://trendingpolitics.com/ukraine-tr ... dium=email
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Impeachment: Should you be worried? NO
Enough Trump spam. Please.
Re: Impeachment: Should you be worried? NO
Highlighted below is why it is not "spam". If the Democrats and their idea to ban fracking take over the government it will have a HUGE impact on the energy markets. As I have posted here MANY TIMES, I have voted for Democrats before and I will do it again if I prefer their policies. Today I don't. I would love to see them come up with a candidate that was pro-business.
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Investing.com - Worries over the end of post-summer U.S. crude inventory draws and Saudi Arabia’s lightning recovery from the attack on its oil facilities are eating further into the risk premium left in oil after last week’s market upheaval.
Crude prices settled more than 1% lower after the U.S. government reported a large surprise build in weekly crude stocks. Adding to the market’s weight was a Reuters report that said Saudi Arabia had restored faster-than-expected production lost from the Sept. 14 attack on its Abqaiq crude processing plant and Khurais oil field.
Crude prices started the session lower on Congress’s decision on Tuesday to start the impeachment process against President Donald Trump following reports he asked Ukraine to investigate political rival and former Vice President Joe Biden.
U.S. West Texas Intermediate crude settled down 80 cents, or 1.4%, at $56.49 per barrel.
U.K. Brent oil settled down 71 cents, or 1.1%, at $62.39.
The two crude benchmarks fell more than 2% earlier, but came off their lows after Trump said a trade deal with China could happen sooner than expected.
U.S. oil stockpiles rose by 2.4 million barrels last week, the Energy Information Administration reported, against market expectations for a draw of 250,000 barrels. It was the second-straight weekly crude build cited by the EIA after four-straight weeks of unseasonably heavy crude draws late into the summer that took 24 million barrels off stocks.
“This could be the clearest signal that the post-summer crude draws are over and that we could see substantial builds here on, which is hardly ideal for oil bulls as the risk impact from the Saudi attack is slowly fizzling,” Investing.com analyst Barani Krishnan said.
The EIA also said that gasoline inventories rose by 519,000 barrels, compared with a consensus for a rise of 296,000 barrels. The only bright spot for oil bulls was a near 3-million-barrel draw in distillate stocks versus analysts’ projections for a slide of 733,000 barrels.
Reuters, quoting three sources, reported that Saudi Arabia had restored its oil production capacity to 11.3 million barrels per day, faster than thought.
With Wednesday’s slide, crude prices were just about $2 higher since the attack on Saudi Arabia.
“In less than two weeks, we have given back all that huge geopolitical premium we saw from the Saudi crisis”, Krishnan said. Gains of as high as $8 per barrel were seen right after the attack.
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Investing.com - Worries over the end of post-summer U.S. crude inventory draws and Saudi Arabia’s lightning recovery from the attack on its oil facilities are eating further into the risk premium left in oil after last week’s market upheaval.
Crude prices settled more than 1% lower after the U.S. government reported a large surprise build in weekly crude stocks. Adding to the market’s weight was a Reuters report that said Saudi Arabia had restored faster-than-expected production lost from the Sept. 14 attack on its Abqaiq crude processing plant and Khurais oil field.
Crude prices started the session lower on Congress’s decision on Tuesday to start the impeachment process against President Donald Trump following reports he asked Ukraine to investigate political rival and former Vice President Joe Biden.
U.S. West Texas Intermediate crude settled down 80 cents, or 1.4%, at $56.49 per barrel.
U.K. Brent oil settled down 71 cents, or 1.1%, at $62.39.
The two crude benchmarks fell more than 2% earlier, but came off their lows after Trump said a trade deal with China could happen sooner than expected.
U.S. oil stockpiles rose by 2.4 million barrels last week, the Energy Information Administration reported, against market expectations for a draw of 250,000 barrels. It was the second-straight weekly crude build cited by the EIA after four-straight weeks of unseasonably heavy crude draws late into the summer that took 24 million barrels off stocks.
“This could be the clearest signal that the post-summer crude draws are over and that we could see substantial builds here on, which is hardly ideal for oil bulls as the risk impact from the Saudi attack is slowly fizzling,” Investing.com analyst Barani Krishnan said.
The EIA also said that gasoline inventories rose by 519,000 barrels, compared with a consensus for a rise of 296,000 barrels. The only bright spot for oil bulls was a near 3-million-barrel draw in distillate stocks versus analysts’ projections for a slide of 733,000 barrels.
Reuters, quoting three sources, reported that Saudi Arabia had restored its oil production capacity to 11.3 million barrels per day, faster than thought.
With Wednesday’s slide, crude prices were just about $2 higher since the attack on Saudi Arabia.
“In less than two weeks, we have given back all that huge geopolitical premium we saw from the Saudi crisis”, Krishnan said. Gains of as high as $8 per barrel were seen right after the attack.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group