Oil Industry Workers Split Between Trump And Clinton
NEW YORK, Oct 24 (Reuters) - U.S. oil and gas industry workers have contributed only slightly more money to the campaign of Democrat Hillary Clinton than to Republican Donald Trump since the two clinched their parties' nominations for the White House, according to Reuters' review of federal disclosures.
The nearly even support suggests ambivalence in the industry between two rivals who have put forward wildly different energy visions. Trump calls for a drastic reduction in regulations to bolster drilling, while Clinton advocates tougher environmental protections and more renewables.
Employees in the industry gave Clinton $114,141 and Trump $99,302 since July 1, Reuters found in reviewing individual campaign contributions exceeding $200 and donations funneled through their joint fundraising committees. Both were officially nominated by their parties in mid-July.
Several oil and gas industry employees reached by Reuters said they did not donate just because of the candidates' energy policies. Most requested anonymity, citing the sensitivity of the election.
"I am moved by the disturbing nature of what I see in Trump's vision for America on trade, the economy and national security," said American Gas Association head Dave McCurdy, who has contributed to Clinton's campaign.
He added, however, that he agreed with Clinton on reducing carbon dioxide emissions blamed for climate change and felt natural gas would play a role in that effort.
The association has not endorsed a candidate.
Continental Resources Inc Chief Executive Officer Harold Hamm, who has contributed repeatedly to Trump's campaign, has argued in favor of the candidate's energy policies. Hamm has said bolstering U.S. drilling would reduce dependence on Middle East oil, whose proceeds he says finance terrorist attacks.
A Continental official did not respond to a request for comment from Hamm.
An energy lobbyist based in Washington said he understood the industry's ambivalence. "Clinton is pro-regulation, which hurts," he said, requesting anonymity. "And Trump has no record in the industry, so there's no evidence he understands the issues."
Clinton had far exceeded Trump in campaign contributions from industry employees during the primaries, but donations to the Republican side of the ledger were split among a much larger number of candidates than on the Democratic side.
During the Republican primaries, the industry had taken an early liking to former Florida Governor Jeb Bush, giving him more than all his rivals combined, before he dropped out of the race in February.
(Additional reporting and writing by Richard Valdmanis; Editing by Lisa Von Ahn)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- North America Enters Rig Loss Streak
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension