Soo…I spent the week, talking to some amazing new friends.
1. An engineer from Jacobs Engineering.
2. A doctor who works at the Aramco compound in Saudi Arabia.
3. An engineer who works here in Toronto in the industrial liquid storage industry -> ie a booming business to be in, if you’ve seen the oil contango curve.
After a very lively discussion from a group of informed people with different market perspectives, I took away, that it is likely that the new American administration eventually taxes oil imports. This is just one theory.
Thoughts?