Moreover, Biden's boldest proposals would require Congress to act, and the Senate appears likely to remain in Republican hands as two Senate races in Georgia head to runoffs on Jan. 5.
"I personally don't think it's going to be something radical unless, you know, the more liberal side of the Democratic Party gets a lot of influence," Santos, of S&P Global Platts, predicts.And what about Biden's memorable statement, in the final presidential debate, that he supported"a transition from the oil industry"?
But more importantly, transitioning away from oil is not a surprising idea to energy insiders. The oil industry itself hasfor that future — while emphasizing that the transition might take a very long time — as the effects of climate change grow ever clearer. And of course, who wins the presidency is hardly the only factor affecting the outlook for oil and gas. The coronavirus pandemic has sharply reduced global travel, causing an unprecedented drop in oil demand that has been disastrous for many oil and gas companies.
No one is president-elect until the electors have voted, or the opponent concedes.
“Likely restrained by a Republican Senate” is what they said 12 Years ago with the last Democratic President. I’m getting really tied of this. Ain’t America Great?
Good. I sure have missed five dollar gas.
Biden knows that US must be energy independent. He won't jeopardize that. Biden will wisely work with energy companies, oil/gas/fracking etc , to effectively incorporate safe environmental rules/procedures/equipment.
he's 70% oil/gas
Almost like they know he’s a corporatist shill who won’t actually change the disaster course we are racing down.
It’s a start
Don't count Ga before we hatch. Senate depends on us.
FYI: Joe is just a Jimmy Carter 2.0 with nary a clue except what the leadership tells him to do.
Do you believe the shit you write lol
Because he’s not serious about making any lasting or meaningful changes, not hard to figure out
Any thoughtful oil company executive must realize that we need to be in transition from carbon based fuels. Putin's Russia and other extraction based countries will suffer but oil companies are already diversifying
Why should they worry?
They know they're in his pockets already. That's why
I think oil and gas is going to be around for a bit .. unless some rich billionaire is going to buy everyone shiny new electric cars.
Biden understands that you can not stop using fosil fuels until you have technology [and jobs] to replace. He also understands that as we lead the world in energy for decades, China is working hard to be the clean energy giant of the future. We MUST use innovation and lead!
Fuck a climate crisis we won’t even be able to enjoy life with the so called “President Elect” Biden’s agenda . No thanks pass ....
Neither does the insurance industry
“Nothing will fundamentally change “- Joe Biden
Yeah, this isn’t a good thing... 🤦🏼♂️
They see the future and know that traditional energy sources have to move with the times. GOP senate need to take note.
oil and gas industry I.E. Big Energy mega corps are ones that wrote the Climate change narrative and are and will profit the most from the ponzi scheme
No industry fears Biden because he is a corporatist swamp monster.
Kerry? Are you kidding?
Why The Oil Industry Doesn't Fear Biden: 👇👂
STOP MAFIA PROBLEM BIDEN JOE. TRUMP YES MAFIA PROBLEM POLIS.
The oil companies had decades to prepare. They are ready, provide guidance and incentive. They own and invest in green energy, production and transmission.
We need to dump the system and reinvent entirely
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