Biden presidency to cast shadow over shale
Mounting pressure from Democratic Party to tackle climate change threatens future of the sector
The 2020 US presidential contest presents the country’s shale patch with two stark alternatives: continued vitality versus gradual or rapid decline. This is in sharp contrast to the two previous US polls, when the industry had comparatively little to fear from a victory by either the Democratic or Republican candidates. A victory by Republican president Donald Trump would signal a continuation of policies that bolster and support the development of shale resources. For at least four more years there would be no significant federal government pressure on the oil and gas industry to reduce its carbon footprint. Federal action would favour the development of fossil fuel energy resources over vi
Also in this section
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
