Oil industry outlook under Biden win, according to RBC's Helima Croft - Business Insider

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Oil industry will be out of favor, but not under assault if Joe Biden wins, a top Wall Street energy analyst says

would have to be approved by Congress. "If it's a situation of a split Congress, where Republicans retain control of the Senate, those major tax changes are unlikely to pass in full form being advocated by the White House," she said.

The US has become a major exporter of liquified natural gas and Europe, which typically has relied on Russia for a large percentage of its gas imports, is turning into a lucrative market.

 

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Trump has already won the USA election, will be the biggest Landslide wipeout victory ever by the Republican Party.

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