Fleeting Disruptions And Un-Limited Supplies

Oil prices are giving back their MLK Day gains because of the disruptions that caused the spike. The impact on oil supply is believed to be transient. A politically motivated shutdown in Libya and a strike by security guards in Iraq could be solved very quickly. Oil prices surged as oil supply was cut-off from both Libya and Iraq, yet because it may come back online quickly, the market is putting it in perspective. President Trump, at the World Economic Forum in Davos, is talking about the U.S. energy revolutions and the possibilities of unlimited energy supply. Yet a Chinese virus may hurt Lunar New Year travel demand, and the World Health Organization announced it would convene an emergency committee meeting on Wednesday to determine whether the outbreak warrants being declared a global health crisis.

President Trump Rocked Davos. Trump said, “The U.S. is in the midst of an economic boom, the likes of which the world has never seen before. We’ve regained our stride, rediscovered our spirit, and reawakened the powerful machinery of U.S. enterprise. The U.S. is thriving, flourishing and yes, the U.S. Is winning again.” Trump spoke about the U.S. energy revolution and spoke of the benefits of that revolution to people around the globe. Trump said the U.S. was committed to "ensuring the majesty of God's creation," but added that "now is not the time for pessimism". "We must reject the perennial prophets of doom and their predictions of the apocalypse. They are the heirs of yesterday’s foolish fortune tellers."

Trump went on to say that, "They predicted an overpopulation crisis in the '60s, mass starvation in the '70s, and an end of oil in the 1990s. These alarmists always demand the same thing: absolute power to dominate, transform, and control every aspect of our lives. We will never let radical socialists destroy our economy, wreck our country, or eradicate our liberty."

It is the courage to call out the “radical socialists” that is leading to his impeachment. It is the courage to call out the hypocrisy of government and dare to solve problems and not exploit them for political gain. 

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