Matt Badiali is unique among other financial analysts due to the fact he is a trained geologist. The natural resource sector can be one of the most volatile sectors for investors, yet he has helped his subscribers double or triple their initial investments with some of his stock recommendations. Matt Badiali has remained bullish about the long-term prices for oil. He recently tweeted about an article calling for a potential $100-barrel oil soon. Oil prices had been on a tear until 2015 when they crashed. Many analysts believe one of the biggest drivers n the price of oil is that in November, sanctions on Iran will take effect. Companies are not allowed to purchase Iranian oil once the sections start and many are anticipating that there will be a deficit of over a million barrels of oil for the world market.
Venezuela, a country that used to produce a lot of oil, is going through its own economic and political issues and will not be able to fill in this gap. Consumers are expected to increase their fuel consumption because the US economy continues to grow. Most financial experts remain optimistic regarding the US economy and expect to see continued growth. If oil sentiment remains bullish, more traders will take the long side of the oil trade, which should continue to drive up oil prices. There are other analysts who feel higher oil is going to hurt the American economy, particularly the average consumer. They believe that the pain that will come for the average American when it comes to filling up their gas tank will end up slowing economic activity.
If gas prices begin to stifle economic growth, President Trump and his administration will face political pressure to deal with the issue. Matt Badiali has remained optimistic that oil prices would rise. He increased his name recognition after he introduced “Freedom Checks” to the investing public. Many of the companies that give out these checks are involved in oil and gas operations here in the US. Matt Badiali feels that many of these companies are going to increase the size of their “Freedom Checks” over the years to come and the share prices should reflect the higher profitability from higher oil prices.