Rick Rule, president and CEO of Rule Investment Media, joins The Market Online in the above video to share his thoughts on what a Democratic or Republican 2024 presidential election victory might mean for the markets as well as the future of energy as a blend, versus a single source of power.
“We need to pay attention to all forms of energy, and we need to pay attention to the grid. There’s huge opportunity in that.”— Rick Rule, CEO Rule Investment Media
He also touches on his involvement with uranium and how the companies he invested in went from being vilified to being subsidized.
“I went from being a despicable scum to being a hero that now deserves $5.6 billion in subsidies.”— Rick Rule
Rule believes that a Donald Trump election victory could be good for the U.S. oil and gas industry and permitting regimes for mining in the western United States, particularly in Alaska. He adds that a Kamala Harris victory might scare the country club Republicans, “the old fat, bald, white rich guys, like me, except for guys like me who are politically inclined.”
He points out some underlying problems in the United States include excessive government spending and the U.S. bullying other countries with the extraterritorial imposition of U.S. power. Rule also notes the concerns in the United States on whether the country needs to regain its dominance of the supply chain.
Rick Rule, CEO Rule Investment Media
Rule is a sought-after speaker at industry conferences, and a frequent contributor to numerous media outlets, including CNBC, Fox Business News and BNN Bloomberg. He is known for his straightforward style and investors shouldn’t miss his personal insights.
Want more from Rick Rule? Check out Rick’s expectations for precious metals and his advice on investment reads. And be sure to check out Richardson Wealth’s Mathis Baumbach’s interview with The Market Online about how the U.S. elections will impact U.S. and Canadian markets.
This article originally appeared on Stockhouse and was reproduced with permission.
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