I think if Trump is serious about taking down the oligarchs we could see $1.00 per gallon gas in a relatively short time and we could collapse the funding to ISIS. It’s a win\win. I hear US oil experts say “Well at $25 per barrel its not worth drilling”. Boohooo, innovate and reduce costs. I know drilling is a hazardous vocation but paying a guy $50 per hour to lift steel pipe and push buttons...ummm does not compute, they are simply not worth that much. The domestic oil industry needs to innovate, reduce costs and that includes labor costs. Just like every other industry.
:: we could see $1.00 per gallon gas ::
I don’t agree. My career is in the O&G industry and, seriously, $1/gal gasoline is not on the radar for our industry.
That does not mean that the O&G industry is “gouging” the market but is rather pricing the market according to the demand; such that they will make profit and provide their shareholders benefits.
In these next four years, I would recommend the BIG FOUR of O&G production shares.
I am NOT a market specialist, y’all make your own decisions.