Yes but the stock market goes up and it goes down. I would not be surprised if there is a correction over the next 3-1/2 years. I would not want to make that the measure of Trump’s success.
USA will own the energy, chemical,LNG and petrochemical industries also
Good post...but missing something of significance long term:
Low energy cost and abundant supplies of oil and gas
Feedstock for various petrochemicals, agrochemicals industries.
The USA will end up owning big chunks of these industries
Thursday, 9 Mar 2017 | 10:24 AM ET...CNBC
The U.S. is expected to see a wave of petrochemical plant openings between now and next year. Those plants represent about $50 billion of $160 billion in manufacturing investment earmarked by the industry since 2012, according to James Fitterling, president and COO of Dow Chemical. Among them are several big ethylene plants, including one expected to be opened by Dow in Freeport, Texas, in the second quarter.
"It's about 1.5 million tons of new capacity for us. It will be up in the second quarter sometime," said Fitterling, speaking in Houston at the CERAWeek conference, sponsored by IHS Markit. He said Dow also opened a billion-dollar propane dehydrogenation plant in Freeport at the end of 2015. "That was the first megaproject we've done on the Gulf Coast for quite some time."
Exxon Mobil this week announced a $20 billion spending program to expand its manufacturing capacity along the Gulf Coast, including some previously announced investment. The announcement came at CERAWeek.
Industry executives say this is the first big wave of chemical plant construction in decades.
President Donald J. Trump tweeted congratulations on Exxon's investment and promise of jobs. But the petrochemical renaissance has been building for several years. Trump's policy may unleash more if it results in the creation of pipelines and other infrastructure.
"The U.S. has gone from a shale gas boom to a petrochemical boom," said Scott Sheffield, CEO of Pioneer Natural Resources. While natural gas industry experts discussed the outlook for a long period of low gas prices at the conference, the petrochemical industry described what only can be viewed as a boom in an industry that had been declining in the United States.
Fitterling said there was a wave of plants that started construction back in the 2012 time frame, and between 2017 and 2018, there will be approximately $50 billion of that total $160 billion of capacity up and running. "These are all downstream petrochemical plants, including ethylene facilities, propylene facilities and all the downstream products associated with them. Another wave of plants — some that started and some that were a little bit delayed and slid out to the 2019 time frame — represent another $12 billion," Fitterling said. There are more than 20 big projects and other smaller ones, all which should be completed by 2023.
Another wave of new capacity is likely to be planned after that, Fitterling said. There are estimates that the current planned investment could generate 70,000 to 80,000 direct jobs
Just a little bit of the President Donald J. Trump leadership in MAGA.
I love Trump and I despise professional politicians
WINNING !! !! Yet how much of that $4T has been plowed back into the means of production so that this newly generated wealth can trickle down to middle America? It is going to take tax cuts and tax reform to make that wealth stick.
This is one of those stories where your common sense should veto what you want to believe.
I've been told by our sales reps, though, that sales are off rather sharply for other their companies in heavily Democrat areas due to reduced consumer confidence. Their party leadership's "World is Ending!" rhetoric is damaging the quality of life in their own districts - as it replaces the notion that as long as Obama was at the helm, the world was safe for every marginal character who wanted a free ride. :)
I love listening to the list of his accomplishments to make America great again on the news reports.
Said no one ever.
No amount of resume sending, networking and the like got me anywhere for two months.
By some strange coincidence, not long after Trump was elected, I finally scored my first interview and then another and another.
Long story short, I not only defied the odds of 60 something professionals getting another job, but another job which paid better, gave me a private office, more responsibility and two large computer screens where I used to have one. Best of all, the poisonous PC atmosphere is gone and the crooked PC boss has been replaced by an honest professional.
The former company had to hire two people to take my place and demoted the crooked ex-boss so he is no longer in charge of my former department. They've lost a number of people since and have had to hire from the outside to replace them, often at higher prices and even some from the same age bracket because they couldn't find competent younger help.
How do I access my dividend?
Is that from just removing the Obama Garbage ?LOL
Thought this article would be about what we were *not* spending on the Paris Accord and arming McCain’s rebels. :)
But the media will say that all 4 tril went to his big business buds. And no one will correct them.
Also, during this presidency, five American companies have emerged as global technology leaders. You know their names: Apple, Amazon, Alphabet, Microsoft and Facebook. It’s a technology world, and American companies have seized the future.
Emerged? These company were already global technology leaders when Trump took office. I mention this because this one, idiotic line, it what's getting all the attention when I see this article cited. Talk about overplaying a good hand...
Fox news, from which this blog is taken is here:
http://www.freerepublic.com/focus/f-news/3571125/posts
Watch out for the autoplay video on Fox. They’ve got the volume turned way up.
Just in case you missed this little tidbit yesterday. GREAT news!!!! Go Trump! MAGA!