Buy bitumen from Middle East
Buy bitumen from Middle East
As a matter of fact, the United States of America is a superpower in the world that all its incidents affect the global markets in some way. Therefore, many countries that want to buy bitumen from Middle East,
analyze the news of the US first. That’s why we have devoted this article to the latest event in the US, which is the presidential election.
How the US elections affect ” buy bitumen from middle east“?
It’s worth mentioning that the Federal Reserve’s September 19 press release concludes that
“the course of the economy significantly depends on virus-related developments.” The sharp drop in indexes on Wednesday,
October 8, in response to Trump’s withdrawal from talks on a $2.2 trillion support package is further evidence of this claim. In fact, the role of the Democratic House of Representatives
in determining the fate of these support packages is so important that the financial corporation Goldman Sachs predicts that
Biden’s victory in the upcoming election will lead to a faster recovery of the US economy.
To be more specific, Trump’s big problem in this area is the dilemma,
one way of which is to silence the financial support package to prevent the Democrats from gaining popularity in the days before the election,
and the other way is to give the Democrats the financial concessions to speed up the economy. His strategy appears to be to extend negotiations and agree to a changed support package
in the last days before the vote to increase his chances of victory.
Additionally, such programs are good news for financial markets in the short term,
although fluctuations in negotiations fuel price volatility. The fundamental dispute between the two parties
over the redistribution of wealth has long been the subject of electoral controversy.
The united states effects on the global oil and bitumen market
While Biden promises to increase corporate income tax,
he has guaranteed that income tax will not increase for individuals with an annual income of less than $ 400,000. Although tax increases are a negative signal for financial markets,
we should bear in mind that financial markets have had a better experience in the last three decades
during the rule of democratic governments.
It seems that Trump’s tax policy will be the same as in the past to its full potential. On the contrary, the Democrats’ plan to support new industries,
especially the widespread use of extra energy, is another form of redistribution that can promise in the long run. As the last point, Tesla is a good example of the result of the kind of support that
went into the Obama administration. Accordingly, the upstream industries related to fossil fuels can be losers
and companies supplying new technologies as winners of the Democratic victory in the upcoming elections.
