US oil and gas has high hopes for new Speaker
ESG reporting standards and spending and subsidy provisions in the IRA among the priorities for the sector
Washington has seen a turbulent few months, with September’s fight over federal funding for the 2024 financial year and the ousting of California Republican Kevin McCarthy from the post of House speaker. The latter led to a month-long fight among Republicans to elect a replacement, a battle fraught with controversy and bad blood as candidates such as Louisiana’s representative and House Majority Whip Steve Scalise and Ohio’s Jim Jordan were considered and rejected. In the end, the party settled on Louisiana congressman Mike Johnson, a fourth-term member from Shreveport who has served as deputy whip, to become the next speaker. Johnson has established a strong pro-business record in Congress
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