Divided congress could lead to energy policy deadlock
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
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
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
