What the oil and gas industry wants from Trump and how the administration might deliver it
Portfolio Pulse from
The oil and gas industry is looking for increased liquified natural gas exports and more federal land for drilling under Trump's administration. A new National Energy Council is being set up to achieve U.S. energy dominance.
December 10, 2024 | 4:30 pm
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The oil and gas industry is pushing for increased LNG exports and more federal land for drilling, which could impact oil prices and consequently the BNO ETF.
The push for increased LNG exports and more drilling could lead to higher oil production, potentially affecting oil prices. As BNO tracks oil prices, this could positively impact its value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50