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
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised