Should The U.S. Oil Industry Fear The Midterms?

The U.S. midterm elections are only a few weeks away and a lot is at stake for the energy industry.

It isn’t just the fate of the U.S. Congress that is up for grabs, although that is incredibly important. There are also 36 governor’s races, state legislature races, and a raft of ballot initiatives that will have a direct impact on oil and gas. The results will have enormous implications going forward.

The Republicans currently control 33 governor’s mansions, but that could soon change as most polls indicate significant wins for the Democrats are in the offing. For instance, as InsideClimate News points out, Nevada, New Hampshire and Maine all saw their legislatures pass renewable energy initiatives over the past year, only to have them vetoed by their Republican Governors. Those policies could quickly move forward if the Democrats take over in those states. The same could be true in a series of other states if power changes hands…

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