Death march for US shale?
The incoming Biden administration has ambitious plans for low-carbon energy but must negotiate the Senate first
President-elect Joe Biden’s defeat of Donald Trump in the 2020 election is unwelcome news for the fracking industry. The only question that remains unanswered is how unwelcome that news will be. The Democratic Party’s relative lack of success in the Congressional elections was a silver lining for the shale industry, however. The Democrats had expected to increase their majority in the House of Representatives, but instead their number of seats fell from 233 out of 435 to 222 or 223 (depending on the outcome of a recount). This is just a few seats above the 218 needed for a bare majority. In the Senate, Republicans hold a 50 to 48 majority (down from 53 to 47). The two races in Georgia are t
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The December/January issue of Petroleum Economist is out now!
