Majority of Oil, Gas Contractors Say Trump Election Good for Industry

Despite the shock and uncertainty that took hold of many in the wake of U.S. President-elect Donald Trump’s victory, contractors in the oil and gas industry believes the 45th president will have a positive influence.

According to a survey by NES Global Talent, almost 70 percent of U.S. respondents said his win is good for the industry; 78 percent said the Republican sweep would create more jobs in the sector. Of respondents through the rest of the world, 63 percent said Trump would have a positive impact on the industry. However, of those global participants, slightly less than half – 48 percent – said they personally feel positive about the election.

“Donald Trump certainly made some bold claims on the campaign trail which could see his presidency herald a seismic shift in U.S. domestic energy policy and reignite growth in the sector,” said Vicki Codd, NES’ marketing director, in a statement. “Regulatory impediments look likely to be removed and there will be little government support now for those blocking infrastructure projects, leaving the path open for new pipeline projects to move forward.”

A week before the Nov. 8 election, a Rigzone Twitter poll found that 61 percent of respondents believed Trump would create more oil and gas employment in the United States. Democrat Hillary Clinton came in second with 27 percent. She was followed by former New Mexico governor and Libertarian candidate Gary Johnson with 8 percent. Green Party candidate Dr. Jill Stein came in last with 4 percent. 

An award-winning journalist, Deon has reported on energy, business and politics for almost 20 years. Email Deon at deon.daugherty@rigzone.com

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