Bought today, page-88

Could the writing on the wall be any bigger?

".....The U.S. is expected to move forward with expansive plans for oil and gas production. At an event in Cincinnati, Ohio, last night, U.S. President-elect Donald Trump reiterated campaign promises that his new administration will clear regulatory hurdles for oil, gas, natural gas and shale producers, come Jan. 20, 2017, his inauguration day in Washington D.C. New production in the U.S. will lower prices for American consumers, and reduce reliance on foreign oil...."

Trump will remove the road blocks and lift the incentives - its a no brainer - once the markets get that he has the oilers backs the money will flow again but the instability in the oil market outside of the US/North America/Mexico will increase until we really do see OPEC and Russia in a proper alliance..

If you reduce the amount of oil flooding into the US from outside you can force up prices inside the US and lift the WTI - even slapping sanctions back on Iran and other places might do the trick to slow imports a little - then you incentivise the refiners in the US and give a helping hand to drillers.... Every time the POO goes above $53 Aussie oilers in general should be increasing their hedging especially heading into next year IMHO..