Report
Donald Trump should realise that a high oil price is good for the United States
Donald Trump has welcomed the recent fall in the oil price and has asked the Saudis to continue to increase their production to lower the oil price. Trump’s position in this area is odd since a high oil price in reality is good for the United States: The United States is still an oil importer, and a rise in the oil price therefore reduces Americans’ real income; But a rise in the oil price increases investment and employment in the oil and mining sector, and this second effect currently outweighs the first effect.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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