BLOG: Countdown to E-Day: Oil, Gas Braces for US Election Outcome

BLOG: Countdown to E-Day: Oil, Gas Braces for US Election Outcome
Throughout the turmoil, controversy and general nastiness of the Hillary Clinton versus Donald Trump contest, regulatory questions remain at the forefront of oil and gas industry concerns.

As oil and gas companies in the United States look to Nov. 8 to end what has been a long, particularly nasty election cycle, their regulatory concerns will continue regardless of which party takes the White House and Congress.

Deon Daugherty
Deon Daugherty, Senior Editor, Rigzone
Senior Editor, Rigzone

Some special interest groups are already taking stock of that future. The Consumer Energy Alliance (CEA) in Houston, along with the National Association of Manufacturers and the U.S. Chamber of Commerce sent a letter this month to President Obama – who most assuredly won’t be the leader of the free world in a few months – calling for Alaska and Gulf of Mexico drilling to remain in the federal plans.

“It is time we take accountability through responsible energy development that protects not only the environment but hard-working people in our communities,” said CEA President David Holt in a statement.

Despite their starkly different approaches to oil and gas policy – Trump has pledged to save the coal industry and roll back regulations, while Clinton advocates for renewables – either candidate would have to work with a potentially contentious Congress to achieve much.

Nevertheless, there is much at stake.

As the election cycle draws to a close, analysts at Barclays said in a note to investors Nov. 7 that issues of oil and gas safety, oil indexing and taxing, as well as compressor emission and greenhouse gases are in play.

And each, they said, is “likely to swing in the balance of who wins the presidency and controls each of the two houses in the legislature.”

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Deon Daugherty
Senior Editor | Rigzone
 -  The Rigzone Interview: Private Equity ... (Jul 13)
 -  Could Argentinian Politics Beat the Va... (Jul 10)
 -  The Rigzone Interview: Oil, Gas Goes D... (Jul 6)
 -  Deal Of The Month: EQT, Rice Energy Me... (Jun 30)
 -  OpEd: OPEC Production Cuts Fail, Marke... (Jun 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Cost Accountant
Expertise: Accounting
Location: Midland, TX
 
Facilities Engineering Manager
Expertise: Engineering Manager|Facilities Engineer|Refinery / Plant Operations Supervisor
Location: Lake Charles, LA
 
US Alvarado, Texas: Senior Order Correspondent
Expertise: Logistics Management|Materials Management |Supply Chain Management
Location: Alvarado, TX
 
search for more jobs

Brent Crude Oil : $52.72/BBL 3.31%
Light Crude Oil : $48.51/BBL 3.01%
Natural Gas : $2.89/MMBtu 1.36%
Updated in last 24 hours