What another Trump term could mean for the U.S. and OPEC

New Era Helium CEO WillGray joins TheStreet to explain how it might play out.

Jan 20, 2025 - 22:30

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What another Trump term could mean for the U.S. and OPEC

Transcript:

Conway Gittens: Helium, pure gas - both are a part of the international energy present. So what form of relationship, I'm questioning, effect you seek info from between the US and express, OPEC over the next four years.

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Will Grey: That is a truly perfect quiz. I contemplate now we possess, properly we accept a crystal ball that now we possess viewed President Trump obviously with a previous administration work with OPEC reasonably diligently to accept pricing below control. I contemplate trustworthy now for the explanation that Trump administration previously, I contemplate there is been a very stable shift from the shale drillers to if truth be told realize that, howdy, let's drill out of cash trot. Let's no longer rob on additional leverage. Many of the tier one acreage all around the Permian Basin is or no longer it's getting down. So then now we possess got to glide to what they name tier two acreage. And so or no longer it's fundamentally tier-two acreage wants a little bit bit of a elevated tag to clarify the economics of drilling those wells. So I contemplate obviously there is going to be a magnificent steadiness of the Trump administration working with OPEC, with China particularly, with India, one of the most most higher rising markets that count on hydrocarbons. On the tip of the day, that's why our - that's why the arena is the keep we're at. It is low-tag energy. And if we are able to effect it sustainably and effect it responsibly, I point out that's what we're tasked to effect. And I contemplate the administration coming in is merely going to focal point on that and uncover it extra environment pleasant, extra dynamic.

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