With US election undecided, the future of oil & gas hangs in the balance

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The fate of the oil and gas industry in North America is hanging in the balance, waiting for the final results of the presidential election in the United States.

The two candidates could not be more different in their approach to energy policy.

Republican incumbent Donald Trump has opened up public lands to oil and gas drilling, is anti-carbon tax, has withdrawn the United States from the Paris Agreement on climate change, and has pursued not just energy independence but American energy dominance on a global scale.

Democrat Joe Biden is an advocate of the radical Green New Deal, wants to subsidize green energy initiatives, is pro-carbon taxes, anti-pipeline, and anti-fracking.

Biden has also signalled he will roll back sanctions on Iran, allowing the rogue state sponsor of terror to sell oil to wider markets.

Biden’s running mate, Kamala Harris, is even more extremist in her views on the climate and was selected from the radical environmentalist wing of the Democrat Party. She’s also a fan of teenage truant climate scold Greta Thunberg.

As the uncertainty of the election results remains, the uncertainty in the energy markets grows. The oil patch is on a razor’s edge waiting to find out the future of the industry for at least the next four years.

Joining me tonight in an interview we recorded earlier this morning is Robbie Picard from Oilsands Strong.

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