A Joe Biden win at next month’s U.S. elections will likely be an upward catalyst for oil prices because it will increase costs for the shale patch and will likely result in a weaker U.S. dollar, according to Goldman Sachs. “We do not expect the upcoming U.S. elections to derail our bullish forecasts for oil and gas prices, with a Blue Wave likely to be in fact a positive catalyst,” the investment bank said a research note on Sunday, as carried by CNBC . “Headwinds to U.S. oil and gas production would rise further under a Joe Biden administration, even if the candidate has struck a centrist tone,” Goldman’s commodity analysts say. Biden has said he would ban new oil and gas leases on federal land and has a clean energy plan to boost the role of renewable energy in power generation and job creation. Goldman Sachs expects a […]