Liam Denning, Columnist

Why Big Oil Should Vote for Joe Biden

The industry faces a choice between a managed transition now or forced disruption later.

October 12, 2020 at 7:00 AM EDT

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Joe Biden, the best shot Big Oil has at a relatively easy transition.
Photographer: Drew Angerer/Getty Images North America

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

This article is for subscribers only.

Oil executives are just like you and me: They worry about the election.

Such comments from oil and gas chiefs featured in the Dallas Fed’s latest sector survey. It is received wisdom that, if elected president alongside a few more Democratic senators, an administration led by Joe Biden would sacrifice the industry on the altar of the Green New Deal. After all, Biden says one thing but he’s secretly just Bernie with better hair and teeth, right?

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE