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If Trump is elected, will it be bullish for the energy industry and push up oil prices? History shows: quite the opposite.
According to statistics since 1933, during the 52 years when Democrats took over the White House, the S&P Energy Index rose 2,800 times, while during the 40 years of Republican presidential rule, the index only rose 10 times. A similar conclusion can be drawn from recent history: during Trump's four-year presidency, the S&P 500 Energy Index fell by 40%, while during Biden's presidency it rose by about 96%.
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Macquarie: The global oil market is expected to face "severe oversupply" by 2025.
According to the McKinsey supply and demand equilibrium forecast, the oil market will face a serious supply surplus in the next five quarters, triggering a situation similar to a 'price war', and oil prices may fall to around $50 per barrel.
Bunny R :
SeanDiamond13 : If Harris wins im selling everything & investing in Gold
Tonyco :
Joe P :
tough Platypus_9271 : Harris will say anything to get elected . She has no experience in anything but a prosecutor for California and you see how that went. The emergent.czar , you see how that went too. If she is president, she will not be in charge, she knows nothing about the job, and you really want her to sit down with Putin? This is the worst time to even consider her. Watch the debate tonight at 9 eastern time.
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