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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…

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This Is The Time To Pick Up Oil Stocks

Rig

If you needed a better invitation to get long oil stocks for the next two years, the naming of Exxon Mobil (XOM) CEO Rex Tillerson as Secretary of State couldn’t be more obvious. There are some clear themes floating through the nascent Trump administration, set to take office in January and one thing is becoming stunningly clear:

Oil and gas are going to be the driving theme of this new Government.

The pieces to this puzzle are coming together very quickly and it starts with a steady connection of Russia to the incoming President and his as yet-to-be confirmed cabinet.

It continues with the Trump refusal to take CIA or other national security intelligence concerning Russia’s influence on the National election, and his refusal to accept their recent findings on Russian meddling.

The Russian influence is important here – they are by far the largest non-OPEC nation who are dependent upon oil revenue for survival and international influence – the other arguably being the United States.

Now, look at the names that dominate the incoming cabinet. There are two themes here of the next President in the men he is choosing: There are Generals and other military thinkers, and there are men with strong ties to oil. There’s Wilbur Ross, incoming Commerce Secretary, the hedgefunder with a majority share in EXCO Resources (XCO), a major natural gas company, and other oil interests. There’s Harold Hamm, the Continental (CLR)…

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