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It looks like "Drill Baby Drill" is going to be a reality soon. American Energy Fund (AEF), a private equity firm based right here in Texas, is announcing that it’s expanding its investments in the United States’ oil and gas industry.
Phil Flynn, a market analyst with the Price Futures Group and a Fox Business contributor, says this is a great move that simply wouldn’t have ever happened without Trump. He pointed out that, "That private equity money dried up under the Biden administration. There wasn’t a lot of confidence to follow through on projects."
He went on to say that while this is just one firm that’s expanding its portfolio, he expects this trend to continue and lead to a major boom in oil and gas investments. According to him, "These investors realize that three to five years from now, there’s going to be a lot of demand, and that needs to be met."
Flynn thinks that investors are finally once again seeing oil and gas as a way to not just meet that growing energy demand but also turn a healthy profit while doing it. He says that under Trump, "We’re gonna be able to produce oil at a lower cost per barrel, mainly because we’re going to have streamlined regulations and new technology. That’s why this investment is so exciting."
He added that Trump’s ongoing efforts to end the war in Ukraine are also viewed as a positive sign by investors.