I wouldn’t own oil companies like Exxon anytime soon.
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I get what you’re saying but oil has a long history of wild fluctuations. All the peace that Trump brought to us will be gone and we’ll be right back to fighting endless wars all over the globe, which often contributes to rising oil prices.
Oil is still a vital commodity nothwithstanding all the talk to the contrary. Its not a good investment for people with low risk tolerance for sure, but I wouldn’t assume that it will never come back in favor at some point.
The world is volatile place — and about to get even more so. Many flash points that were controlled by Trump will suddenly re-emerge. We’re in for a wild ride which can be a plus for oil.
“Many flash points that were controlled by Trump will suddenly re-emerge”
Yep and when they re-emerge, they and the media, will blame it on the Trump Years.