Energy Prospectus

Note below from Anas Alhajji on Nov. 7

If the Republicans end up controlling all three houses, the likelihood of repealing the Inflation Reduction Act (IRA), or parts of it, is very high. Repealing even parts of it, would cause a sea change in the energy markets, especially in two areas: electric vehicles and offshore wind. The impact is global and not only limited to the US. The result is higher demand for oil and natural gas than current expectations. There are parts of the IRA that Republicans and the oil industry like, but any way you look at it, it is government giveaway.

While the Trump Administration will emphasize US energy supremacy, it will also focus on lowering energy prices. It remains to be seen how companies and the oil-producing countries will react to lower oil prices. In our view, Trump cannot have it both ways at once.

Dan, Trump is pro nuclear so what do you think he will do with uranium parts of the IRA and Russian sanctions? thanks.

I am pro nuclear too, but it will take more time to get nuclear power plants approved and built. A lot more natural gas fired power plants are the only quick fix for more electricity.

I think Trump will encourage that more safe nuclear power plants get built, but the government doesn't need to pay for them.