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US oil industry braces for Biden takeover

From argusmedia.com

The US oil sector is trying to soften president-elect Joe Biden's energy agenda by finding areas of common ground, while drawing a hard line against the incoming administration's plans to halt drilling on federal land and block development of the Keystone XL crude pipeline. The industry hopes to have a seat at the table as the Biden administration starts to reverse four years of deregulation, tax cuts and increased access to federal lands, with key figures touting the idea of aligning on policies to curb methane leaks, reduce gas flaring and grow exports of natural gas. "We want to work with the Biden ... (full story)

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  • Category: Fundamental Analysis