• 4 minutes Your idea of oil/gas prices next ten years
  • 7 minutes WTI Heading for $60
  • 13 minutes Could EVs Become Cheaper than ICE Cars by 2023?
  • 3 hours Pros and Cons of Coal
  • 3 hours Why does US never need to have an oil production cut?
  • 3 hours US continues imports of Russian gas which it insists Europe should stop buying
  • 8 mins Oil Prices
  • 3 days Germany Discusses Lifting Ban on Deporting Syrians
  • 3 hours French Fuel Protests
  • 23 hours Regular Gas dropped to $2.21 per gallon today
  • 18 hours Warren Buffett
  • 21 hours Is California becoming a National Security Risk to the U.S.?
  • 14 hours And Just Like That, Everybody Stopped Talking About $100 Oil
  • 2 days Trump administration slaps sanctions on Saudis over Khashoggi's death
  • 2 days Pence says South China Sea Doesn't Belong To Any One Nation
  • 2 days Commission: U.S. Could Lose Wars With Russia, China
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

A Wild Card In Oil Markets

rig

This column needs to be somewhat of a hodgepodge of ideas, because the one consistent thesis that has moved our investment needle for the last year and a half – the supply shortage in crude that continues to emerge – hasn’t shown any signs of weakening. But some other, trade associated ideas have come into the picture that we must be aware of, and use to fine tune our investment strategy.

These are three main ones:

First, there is the continuing threat of a trade war. While President Trump had once backed away from the plan of steel and aluminum tariffs when it was announced in March, since May he has again signaled wide-ranging metals tariffs to go into effect starting on July 7th. Since those signals in May, most traders, and in fact the markets at large, have been treating the tariff threat with sangfroid – assuming that again the President would have to retreat from a trade war with our Allies and China. And while the White House has backed down from additional threats of intellectual property penalties on Chinese electronics and tech, the plans for the metals tariffs still remain in place.

Understanding that the targets of these tariffs – both our allies and China – have indicated that they will strongly retaliate with tariffs of their own and, in the case of China, with perhaps other even more targeted measures, it is tough to see another way out of this dilemma than for Trump to at some point blink and step back…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions




Oilprice - The No. 1 Source for Oil & Energy News
-->