In-depth weekly analysis of US oil policy news from S&P Global Platts' senior editors covering the Capitol. Hosted by senior oil news editor Meghan Gordon.
Global oil market dynamics at stake in Trump-Biden race
The US presidential election could have far-reaching implications for the global oil market.
Chris Midgley, global head of analytics for S&P Global Platts, takes us through the biggest potential impacts for supply, demand and price. He covers Iran sanctions relief scenarios, the outlook for OPEC+ cohesion, the US upstream forecast under Biden drilling restrictions and the future of US trade relations after a chaotic four years.
Stick around after the interview for the Market Minute, a look at near-term oil market drivers for this week with Jordan Blum, Platts senior editor for US oil news.
Biden's shift on energy, climate issues ahead of November vote (Part 2 of 2)
In Part 2 of our look at the US presidential candidates' evolving energy platforms, we examine how progressive Democrats have pushed former Vice President Joe Biden further left on climate and environmental policies.
Glenn Schwartz, director of Rapidan Energy Group's Energy Policy Service, shares his latest prediction for how far Biden will go in restricting oil and gas drilling, and why running mate Kamala Harris' views on fracking and climate remain important in predicting the future of the Democratic energy platform.
Part 1 featured an interview with Dan Eberhart, a Republican donor and CEO of Canary, a Denver-based drilling services company, on Trump's evolving energy platform. It also debuted the Market Minute segment, a look at near-term oil market drivers with Platts editor Chris van Moessner.
Trump's shifts on offshore drilling, biofuels ahead of November (Part 1 of 2)
In this two-part episode, we look at how both US presidential candidates' energy platforms have evolved since the start of campaigning.
They have had to respond to massive market shifts, a string of natural disasters signaling a changing climate, and waning poll numbers in key states.
In Part 1, we look at President Donald Trump's platform with Dan Eberhart, a Republican donor and CEO of Canary, a Denver-based drilling services company.
We ask Eberhart about Trump's recent actions to ban drilling offshore Florida, placate biofuel producers in the Midwest, distance himself from the climate concerns surrounding this year's wildfires and hurricane seasons, and lend rhetorical support to oil and gas producers.
We also debut the Market Minute segment, a look at near-term oil market drivers with Platts editor Chris van Moessner.
Watch for Part 2 on Democratic challenger Joe Biden's move to the left with Rapidan Energy Group's Glenn Schwartz.
Will the White House vote move the US oil production outlook?
How much will November's presidential election actually influence the outlook for US oil and gas production?
Artem Abramov, head of shale research for Rystad Energy, makes the somewhat contrarian case that whoever is in the White House come next year will not greatly sway US production either way.
Rystad predicts a federal drilling ban, as proposed by Democratic presidential nominee Joe Biden, would have hardly any impact on oil and gas production in the medium term, given drillers' ability to shift to comparable private acreage.
Abramov sees US oil output starting 2021 at 11 million b/d, then declining to an average of 10.7 million-10.9 million b/d for the year. Longer-term light oil growth will be very gradual, although WTI prices above $55-$60/b could drive production back to record levels of 13 million b/d set before the coronavirus pandemic.
Crude analyst Parker Fawcett also shares S&P Global Platts Analytics' outlook for US production and the election stakes for drillers.
The election stakes for natural gas pipeline permitting
The November presidential election adds to risks for natural gas pipelines, which link production to demand centers but increasingly face opposition from those seeking to phase out fossil fuels.
For interstate gas pipelines, the federal government remains an important gatekeeper for permitting.
If Democratic nominee Joe Biden is elected president, a change in leadership at the Federal Energy Regulatory Commission raises questions about whether federal approvals would still be as predictable.
In a recent boom cycle, gas pipeline capacity approved by FERC quadrupled between 2013 and 2017 to reach 30.7 Bcf/d before coming off that peak.
Rob Rains, senior energy analyst with Washington Analysis, joined us to share whether he thinks federal approvals of gas projects will continue apace in the next presidential term.
How a Biden victory could influence decarbonization plans for oil and gas companies
A victory in November for former Vice President Joe Biden in November could influence oil and gas companies' decarbonization plans, given Biden's climate and clean energy proposals.
European oil majors tend to outpace their US counterparts in terms of climate goals, likely due to the European Green Deal,
but could a Democratic victory this fall encourage companies to adopt stricter emission reduction targets?
We spoke with John Thieroff, senior analyst with Moody's Investors Service, to help us understand how the US oil and gas
sector might respond.