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President Biden’s offshore oil (CL=F, BZ=F) and gas (NG=F) drilling ban challenges President-elect Donald Trump’s energy agenda. Now, a reversal could take years, Clear Street Senior Research Analyst Tim Moore tells Market Domination hosts Julie Hyman and Josh Lipton.
After seeing the sector underperform, Moore says oil and gas stocks are expected to surge in 2025 due to regulatory easing under a second Trump administration.
"They [the Trump administration will] remove a lot of red tape. We expect that will... bring out some new drilling projects on lands," Moore explains. "And we also want to emphasize the Trump administration has come out with rhetoric and statements that... they want to secure energy. They want the US to be the leader in production and development of oil and gas in the whole world."
Moore also highlights solar energy as a key growth area, with a company like Sunrun (RUN) as a top pick for him.
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This post was written by Josh Lynch