Entrepreneur David Lenigas caught up with Proactive to chat about the wider implications of the new Donald Trump administration in the United States.
''Donald Trump has said he wants to spend a trillion dollars on revamping US infrastructure. I think you're also going to see very big moves in China for them to continue their economic growth and in particular infrastructure building and you're seeing big infrastructure building in places like India … so I think we're at the beginning of a mega resource cycle boom''.
''You're seeing iron ore prices move, you're seeing copper prices, nickel prices, everything is now starting to move because infrastructure building requires huge amounts of resources - and oil is a resource, it's one of the drivers of industry''.
''The world consumers two barrels of oil for every barrel it finds … and the world needs it , so I think we'll see oil gradually recover back up to $80-100 and I think that's good for the oil industry''.