Minus the oil. Trump and the shale revolutionaries. The target is 65 or 60 per barrel.

US President-elect Donald Trump intends to appoint Chris Wright, the head of the Liberty Energy oil company, as energy minister. The Republican called him one of the pioneers in the "American shale revolution."

Wright is the founder of Liberty Energy, which serves energy companies. He denies the existence of a "climate crisis." The head of the company opposes such concepts as "clean energy" and "dirty energy". In his opinion, all energy sources have both positive and negative effects on the world.

Most likely, under Trump, the United States will increase production, including at the expense of places where it was previously believed that this would harm the environment.

The shale revolution will also continue.

They will try to increase their share in the global market.

No wonder oil has been looking below 70 US dollars per barrel for a long time with a target of 65 or even 60.