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
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields