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When this column is published, the inauguration of the 47th President of the United States, Donald Trump, will have taken place or will commence shortly, igniting a new era of optimism for the PVF industry.
We are approaching the end of calendar year 2024 and Donald J. Trump is our president-elect, giving the energy and PVF sectors a breath of fresh air for future development and lower-cost energy.
August marks the midpoint of 2024’s third quarter, with oil prices trading at $3 lower per barrel in June and July. As of this writing, WTI is $82.80/barrel, and Brent is $86.29/barrel.
By the time this article is published, the industry will be midway through the second quarter of 2024, with the oil markets being buffeted by worries about supply shortages and escalating geopolitical tensions.