It seems entirely plausible that the U.S. oil and gas industry could benefit from a Joe Biden presidency in the short term, according to Rystad. According to independent energy research and business intelligence company Rystad Energy, it seems entirely plausible that the U.S. oil and gas industry could benefit from a Joe Biden presidency in the short term. Rystad noted that a potential end to the ongoing trade war with China would help support demand and oil prices and added that an increase in measures to prevent the spread of Covid-19 would benefit oil prices in 2021–2022. A potential fracking ban on federal land would also most likely have a positive impact on oil prices in the short term, according to Rystad, which outlined that some of Biden’s environmental policies will be beneficial for U.S. oil producers, at least in the near future. “Taking all these factors into consideration, […]