Biden win poised to reshape US energy policy
A Democratic victory could spell an end to hostilities with the Islamic Republic of Iran and send a jolt through the global oil market
A US election win for Democratic presidential candidate Joe Biden would create a major shift in energy and climate priorities, as showcased by his ambitious domestic policy agenda. His top priority would be economic recovery, with a strong inclination to spend on green infrastructure and accelerate the transition away from fossil fuels. But as with past administrations, a rise in oil prices could still force a Biden administration to change tack. President Donald Trump’s “energy dominance” narrative centres on maximising US oil and gas exports and leveraging the country’s new energy abundance. The president has been emboldened to impose sanctions on several oil-producing states, with a lower
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