CNBC's Jim Cramer said that stocks related to oil and natural gas will thrive under President-elect Donald Trump.
Trump has shown more favor to the industry than President Joe Biden, and Cramer noted that an oil executive has been tapped to lead the Department of Energy.on Friday said companies related to natural gas and oil will thrive under President-elect Donald Trump's administration and a majority Republican Congress.
President Joe Biden's administration is largely opposed to fossil fuels, Cramer said, and the federal government has worked to block pipelines andnew liquified gas export authorizations. This dynamic, coupled with a weaker global economy, caused the sector to underperform for much of the year, he suggested. But Trump has shown more favor to the industry, and Cramer pointed out that he.
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