The US presidential election will be a defining moment for energy markets. Republican President Donald Trump has played an outsized role in oil markets, reshaping US relationships with Saudi Arabia, Iran, Venezuela and Russia, and taking the US to the brink of war in the Mideast. November's election will define the geopolitical climate for the industry in the coming years, and whether it must navi- gate more of the same or a different, but still uncertain, course under a Democrat. The election will also be a defining moment for the energy transition, determining whether global climate policies continue in a patchy, haphazard way or chart a more assertive, policy-minded approach (PIW Nov.8’19). Threats to shale will emerge regardless, with a grassroots pushback to fracking and methane emissions under a Trump presidency or regulatory restrictions under a Democrat.
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