•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    JPMorgan’s Jamie Dimon: US economy will ‘blow people’s socks off’

    To put it mildly, Jamie Dimon is bullish on the US economy. The JPMorgan Chase CEO says the US economy is the strongest in the world and is about to get even better – and we can thank the domestic oil and gas industry for its significant contributions to our economic outlook.

    “This country has ... the best universities and businesses, low corruption, the widest and deepest capital markets, is hugely innovative and has a wonderful work ethic,” he recently told CNBC.

    Dimon says he’s looking at the big picture and isn’t concerned about weekly, monthly, or even quarterly reports showing slow economic growth or some experts’ predictions of gloom and doom.

    “We’ve got a world-trade flush,” he quipped.  

    “We don’t have a divine right to success. But we have an unbelievable hand. If we play it well, and now we've got natural gas and shale oil, we have a gift from God here. America’s going to come back, and it’s going to blow people’s socks off when it does.”

    That doesn’t mean there won’t be some turbulence along the way, as the Federal Reserve exits its massive easing program, Dimon stressed.

    “In the process of normalization, you’re going to have some volatility. You're going to have rates go up,” he noted. “I’m not talking about next month, but over the next couple of years. ... I don’t know why anyone should be surprised by that.”



    Most Popular

    Related Articles

    Frontier Oilfield Services to trade on OTCQX

    06/16/2015 OTC Markets Group Inc. says that Frontier Oilfield Services Inc., a company specializing in saltwater recovery and drilling fluid disposal for the energy industry, has qualified to trade on the OTC...

    Companies to join Alerian indices

    06/15/2015 Alerian announced that following the close of business on June 19, Antero Midstream Partners LP, Dominion Midstream Partners LP, Global Partners LP, Holly Energy Partners LP, and Shell Midstream Pa...

    Loyz Energy to acquire Primeline Energy for $145.7M

    06/10/2015 Loyz Energy Ltd., a Singapore-based upstream energy group, has entered into a binding memorandum of understanding for the acquisition of Primeline Energy Holdings Inc. by way of a scheme of arrange...

    Subsurface trespass

    06/09/2015

    Texas courts continue to sidestep issue in rulings

    Dejour Energy granted full NYSE MKT listing compliance

    06/08/2015 Dejour Energy Inc. has received notification on June 1 from the NYSE MKT (the Exchange) that it has regained compliance with Section 1003(a)(iv) of the Exchange’s Company Guide as of the end of the...

    OPEC concludes meeting, maintaining production ceiling

    06/08/2015 At OPEC’s June 5 conference in Vienna, Austria, the organization’s membership reviewed the oil market outlook, in particular the demand and supply projections, and the outlook for the second half o...

    More Oil & Gas Financial Articles

    Frontier Oilfield Services to trade on OTCQX

    Tue, Jun 16, 2015

    OTC Markets Group Inc. says that Frontier Oilfield Services Inc., a company specializing in saltwater recovery and drilling fluid disposal for the energy industry, has qualified to trade on the OTCQX marketplace.

    Companies to join Alerian indices

    Mon, Jun 15, 2015

    Alerian announced that following the close of business on June 19, Antero Midstream Partners LP, Dominion Midstream Partners LP, Global Partners LP, Holly Energy Partners LP, and Shell Midstream Partners LP will be added to the Alerian MLP Index and the Alerian MLP Equal Weight Index.

    Loyz Energy to acquire Primeline Energy for $145.7M

    Wed, Jun 10, 2015

    Loyz Energy Ltd., a Singapore-based upstream energy group, has entered into a binding memorandum of understanding for the acquisition of Primeline Energy Holdings Inc. by way of a scheme of arrangement for a consideration of $145.7 million (SGD 197.0 million).

    Subsurface trespass

    Tue, Jun 9, 2015

    Texas courts continue to sidestep issue in rulings

    Dejour Energy granted full NYSE MKT listing compliance

    Mon, Jun 8, 2015

    Dejour Energy Inc. has received notification on June 1 from the NYSE MKT (the Exchange) that it has regained compliance with Section 1003(a)(iv) of the Exchange’s Company Guide as of the end of the maximum 18-month cure period that ended on May 22. This requirement addresses a company’s ability to continue to operate as a going concern.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ