Research director of the Institute of Energy and Finance, Alexey Belogoriev, is confident that Donald Trump’s victory in the US elections will only increase the volatility of oil prices. RIA Novosti reports on this today, November 6.
This forecast of Belogoriev is associated with Trump’s rather controversial oil policy.
EADaily This also reminds us of another forecast for the American economy: a well-known expert believes that under Trump the American national debt will only increase.
“Oil prices will become more volatile and even less predictable” – says Belogoriev.
And the expert believes that Trump’s reputation as “unpredictable and impulsive politician”.
“His return to the White House could therefore have contradictory consequences for commodity markets. On the one hand, it will clearly encourage the growth of oil production and exports in the United States itself, including lifting the ban on new drilling on federal lands (however, this will not have a quick effect) and, in general, mitigating the environmental impact. and, especially, the “climatic demands for oil workers”, – he explained.
On the other hand, Belogoriev added, “many expect Trump to drastically tighten his policy toward Iran and, above all, return to full compliance with existing sanctions against Iranian oil exports”.
