Morning Meeting: Oil and Gas Under Trump

The video discusses the potential impact of OPEC's agreement to reduce oil production, which could raise prices above $70 per barrel. It examines demand factors, including seasonal heating needs, and the influence of infrastructure changes on supply and pricing. The discussion also covers the implications of a Trump presidency on oil and gas regulations, and the potential effects on global and domestic prices. Finally, it addresses the compliance levels needed from OPEC to achieve the forecasted price increase.

What is the expected impact of OPEC's agreement to reduce production on oil prices next year?

• Prices will fluctuate between $50 and $60 a barrel.

• Prices are expected to fall below $50 a barrel.

• Prices could rise above $70 a barrel.

• Prices will remain stable at $60 a barrel.

How might a Trump presidency influence the oil and gas supply situation in the US?

• By reducing oil and gas production.

• By easing regulations to facilitate pipeline construction.

• By making it harder to build pipelines.

• By increasing environmental regulations.

What is the potential effect of increased pipeline construction on natural gas prices within the US?

• It will cause prices to rise in the Northeast.

• It will have no effect on prices.

• It could lead to higher prices.

• It might equalize prices across the country.

How might the construction of pipelines affect global oil prices?

• It will cause global oil prices to drop sharply.

• It will significantly increase global oil prices.

• It will have no impact on global oil prices.

• It may not have as much impact as on gas prices.

What could be the impact of a border tax adjustment on WTI and Brent oil prices?

• It will have no impact on either WTI or Brent prices.

• It could raise WTI prices but not significantly affect Brent prices.

• It will cause both WTI and Brent prices to rise.

• It might lower both WTI and Brent prices.