Skip to Content
Stock Strategist Industry Reports

U.S. Oil and Gas Doesn't Need a Trump Win to Thrive

Weaning America off fossil fuels will take decades, even if Democrats sweep Congress in November.

Mentioned: , , , , , , , , ,

Tackling climate change has become one of the central pillars of Democratic presidential candidate Joe Biden’s election campaign. The former vice president’s $2 trillion investment plan covers infrastructure, transit, the automobile industry, and the power sector, with the ultimate goal of making the United States carbon neutral by 2035. A Biden administration would also bring the U.S. back into the Paris Agreement and reverse Trump-era rollbacks on various public health and environmental rules. However, that doesn’t mean America’s gas-guzzling days are over.

The executive branch can enforce existing legislature, such as the Clean Air Act and the Safe Drinking Water Act, but efforts to regulate the production or consumption of fossil fuels this way would meet considerable resistance in the courts. Retaking control of the Senate would give Democrats more options to restrict the oil and natural gas industry, but lawmakers would probably hold off on the more aggressive policy options, such as an outright ban on fracking. The U.S. still needs fossil fuels for transport and electric power generation, even if the Democrats prioritize electric vehicles and renewables, so an all-out assault on domestic producers would do more harm than good.

Dave Meats does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.