Brandon Thibodeaux for The New York Times HOUSTON — Joseph R. Biden Jr.’s promise that he would “transition” the country away from oil and natural gas might hurt him politically in Texas and Pennsylvania, but it did not come as a surprise to many in the energy industry. Oil and gas executives have been keenly aware that the world is starting to move from fossil fuels toward renewable energy, although they strongly argue that their industry will continue to provide cheap and plentiful energy for decades to come. And several of them said on Friday that while they did not like Mr. Biden’s comments, they were not alarmed by them, either. What ultimately matters to the industry is not whether there would be an energy transition, but how rapid it would be and whether companies would be allowed to exploit oil and gas reserves by offsetting their environmental impact […]

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