US oil industry welcomes Trump win
The former president’s victory likely heralds the return of a more market-oriented energy policy
Where energy is concerned, one of the most symbolic votes taken anywhere on election night in the US on 5 November came from California, where voters in the liberal city of Berkeley soundly rejected Measure GG, a local law that would “impose a special tax on all buildings 15,000ft² or larger that use natural gas”. Measure GG was an initiative to approve a special tax on larger apartment, condominium and office buildings that plan for occupants to be able to use gas for heating, cooking and other applications. It turns out that even supporters of Democratic candidates like their natural gas, gas stoves and other gas appliances despite the four-year focused campaign mounted by the Biden admini
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The December/January issue of Petroleum Economist is out now!