US energy policy set for deadlock
A divided Congress leaves President Biden with few options for pushing through his energy agenda
The anticipated ‘red wave’ in the US mid-term elections turned out to be little more than a ripple. The Republican Party failed to take control of the Senate and won only an extremely narrow majority in the House of Representatives. Nevertheless, after the new Congress is sworn in on 3 January, President Joe Biden will struggle to continue the legislative activism that has defined his first two years in office. “There will be political deadlock and it will be very hard to find common ground,” says Akan Kadyrbekov, oil markets analyst at consultancy Rystad Energy. “The room for major legislation just shrunk significantly.” The US oil and gas industry can breathe a sigh of relief that Biden wi
Also in this section
7 May 2024
Ample stocks and a soft demand outlook will limit how much LNG Europe can import this year
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well