The U.S.national election will be held Nov.3,2020,and there is much at stake for the oil and gas(O&G)industry.Aside from the presidency,470 congressional seats are in play(35 Senate seats and all 435 House seats).The Democrats will likely retain control of the House of Representatives,but the presidency and the Senate are in play.The election has significant implications for the O&G industry,Fig.1.Democrats hold a majority in the House,as a result of the 2018 elections,when they won 235 seats.To win a majority,Republicans need a net gain of 20 seats.The Democrats will likely retain the majority,as evidenced by the fact that,thus far,27 House Republicans are retiring-including six from Texas-compared to nine Democrats.Thus,the House will likely continue to be a source of proposed energy,environmental and regulatory legislation detrimental to the industry.
展开▼
