U.S. shale Oil production is quite a miracle,
having more than doubled in size over the past 10 years. The U.S. has now even
become a net exporter of fuel products! This has huge implications for its
economy, its currency, and the economies of OPEC members (mainly the middle
eastern countries).
The U.S. can
now rely less on unstable economic powers, which in turn results in a more
stable price of oil. However, it also results in less turnover of the U.S.
Dollar, which might result in the U.S. losing its reputation as the holder of
the world`s currency reserve.
With Trump
at the helm, promising to not meddle in other countries` wars, and the
decreased reliance on foreign oil, will the U.S. stop being the world`s police?
What will happen with Venezuela`s power struggle? Will the U.S. physically
support Guaido over Maduro? Or will they only give financial and moral support?
Will other nations step in to stop the humanitarian crisis?
“Oil
independence” is in my opinion an extremely important subject for the next
decades, and i`m extremely curious to see what effects this will have on both
America`s economy as well as the OPEC economies.
The information contained in this publication is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed in this publication is that of the publisher and is subject to change without notice. The information in this publication may become outdated and there is no obligation to update any such information.