The Green Chicken provides his expert opinions
https://youtu.be/Qbf5gKSPrlM?si=v5ym-DHBwIwD68ZT
Liberation Day Impact on Commodities
Re: Liberation Day Impact on Commodities
Interesting comments:
> U.S. manufacturing industries have been crushed by unfair trade practices of lots of countries and Trump's primary goal is to rebuild the U.S. manufacturing industry.
> U.S. & Canada should join forces to become an Energy Super Power. Trump knows this and it is why he dropped tariffs on Canadian oil & gas.
> Fossil fuels (Oil, natural gas, NGLs and Coal) should sell based on "energy content", which makes natural gas the best buy.
> Oil has never been cheaper compared to gold. Old relationship was an ounce of gold should be able to buy about 20 barrels of oil.
Gold at $3,000/ounce should put oil at $150.
> Trump's goal of $50/bbl oil is achievable < My opinion is that if it does occur, U.S. oil production will decline rapidly.
> U.S. manufacturing industries have been crushed by unfair trade practices of lots of countries and Trump's primary goal is to rebuild the U.S. manufacturing industry.
> U.S. & Canada should join forces to become an Energy Super Power. Trump knows this and it is why he dropped tariffs on Canadian oil & gas.
> Fossil fuels (Oil, natural gas, NGLs and Coal) should sell based on "energy content", which makes natural gas the best buy.
> Oil has never been cheaper compared to gold. Old relationship was an ounce of gold should be able to buy about 20 barrels of oil.
Gold at $3,000/ounce should put oil at $150.
> Trump's goal of $50/bbl oil is achievable < My opinion is that if it does occur, U.S. oil production will decline rapidly.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group