Daniel Charest, a partner at Dallas’ Burns Charest, says the Trump victory points to good news for domestic energy producers and pipeline companies.
I think you’ll see an uptick in energy prices in the near term due to uncertainty and, depending on his willingness to follow up on his promises, a continued increase in energy prices. Meanwhile, he’ll do his best to crush regulations that impose costs on domestic production and development, and as a result make those areas more profitable, at least to some extent.
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