Helping You Build Wealth With Honest Research
Since 1996. Try Now

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

'Oil should be US$ 40-50 not US$ 150'
Fri, 15 Apr Pre-Open

A lot of experts are of the view that crude oil's recent pullback is just an aberration. Hence it is only a matter of time before it tests its all time high as per them. In fact, they assert that US$ 200 per barrel oil is well within sights.

However, if you are a certain Donald Trump, this is all humbug to you. One of America's richest persons has taken an aim at the famous OPEC (Organisation of Petroleum Exporting Countries) in a recent interview. He argued that if he becomes the US President he will tell OPEC that oil is certainly not going to US$ 150 per barrel. Infact, it should be US$ 40 to $ 50 a barrel.

Mr Trump did not stop here. He had a solution to all the problems facing the US economy and pretty radical ones at that. He has been a long time critic of the Chinese policy of keeping Yuan pegged to the dollar. And he yet again lashed out at the Chinese policymakers going as far as to mention that he would put a 25% tax on all goods coming from China without any hesitation.

Military expenditure is another sore point for the US. And Mr Trump had yet another radical solution to actually make US military expeditions profitable rather than cost the exchequer enormously. He said that the US should actually charge countries like South Korea and other Arab nations for protecting their national interests.

"We go over there, we protect them, we protect them with our ships ... Did anyone pay us for this? No! So, what is happening is mind-boggling," he is believed to have said.

One is of course tempted to dismiss these suggestions as publicity seeking stunts of a flashy billionaire. But it should be pertinent to add that Mr Trump is harbouring some serious thoughts of running for the US Presidency!

Infact, in a recent poll he emerged as the favourite amongst all Republican nominees in the quest to evict Barack Obama from the White House.

While Mr Trump's ideas do indeed sound radical, we believe that there is a grain of truth in some of them. But whether the US policymakers do have the necessary wherewithal to implement those, with or without Donald Trump, remains to be seen.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "'Oil should be US$ 40-50 not US$ 150'". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Agora Research Private Limited.

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Agora Research Private Limited (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.