Yesterdays Oily news up ended by Biden E-mails that may 'K. O.' contender.
'Evita' calls in after Biden expose for chance to play Bingo! in Electoral College
A win by President Donald Trump would “lead to more of the same and be more friendly” to oil and natural gas, says Morris. Trump’s Republican administration would emphasize “loosening regulations for the industry and expediting the permitting process for new infrastructure.”
Trump has taken steps to promote U.S. energy independence and ease regulatory hurdles in the market.
The election of Democrat Joe Biden , meanwhile, may result in more energy-market restrictions.
“Headwinds to U.S. oil and gas production would rise further” under a Biden win, Goldman Sachs analysts wrote in an Oct. 11 research note.
Statements made by Biden suggest his administration may introduce regulations that would increase shale production costs and reduce shale’s recoverable resources by limiting federal land drilling and pipeline approvals, the Goldman Sachs analysts say. A Democratic sweep of the House and Senate, meanwhile, could allow for increased federal oversight of shale activity, they say.
An undisputed Biden win might see oil initially fall as the market waits for him to act, possibly banning fracking on federal lands, and removing sanctions on Iran, says Tortoise’s Thummel. Iran is home to one of the world’s largest proven oil reserves. This month, the Trump administration announced fresh sanctions on major Iranian banks in another move to restrict the country’s nuclear pursuits.
If Biden, as president, re-enters the Iran nuclear deal as he has indicated, Fitzmaurice says that would have “huge oil market implications” and potentially “add up to 1 [million barrels a day] to an already bloated market facing a very fragile demand recovery.”
O. T. = Out There
Scuttlebutt: At Fast Times
Imagine week ago bet was that Trump wouldn't survive
after being stung by China Bat virus.
Now wheel of fortune takes odds that Harris ( I'll stop Fracking on day-1 )
is in pole position
Unless 'Evita' wins the Game of Thrones..........
Breaking news from Founder Father Hamilton's N. Y. POST