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Why Trump will pay close attention to the global price of oil and gas

Donald Trump is a businessman and economist who understands what determines the success of the real sector in his country. Taking into account the minor the share of the oil and gas industry and revenues from it both in total GDP and in the budget (up to 10-15%), unlike other sectors operating at the expense of the former, the newly minted US president will definitely pay close attention to the topic of pricing natural resources.

It is not difficult to understand that due to the cheap price of oil and gas, a more competitive price is being formed for the US economy, which is still more tied to refining, rather than sucking resources from the depths.

If the cheap price of oil and gas is economically justified for the United States, then for Russia, on the contrary, the situation is different - the share of oil and gas revenues in the budget reaches about 40%.

In such circumstances, Russia should already think about what the United States will lobby for and what it will strive for in this direction.

Betting: When Trump was in power in 2017-2021, the average oil price was about $60 per barrel (excluding the unprecedented decline to $15 per barrel due to the COVID-19 pandemic).

oil price under Trump - 2017-2021

автор - Михаленко Р.
M R. Автор - kaktotak.by Specialization: financial and economic design - modeling of business, investment projects of the real sector, analysis and evaluation of efficiency, optimization of the management decision system.

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