November 9, 2012

Oil Could Benefit From Obama Win

Swagato Chakravorty, Seeking Alpha


Google images

The presidential election was marked by Big Oil interests actively trying to instate Mitt Romney as President of the United States. Companies like Exxon Mobil (NYSE: XOM) spent millions in their efforts to paint another Obama term as something investors—and the country—could ill afford. Instead, the newly re-elected President’s promise to expand demand for natural gas applications in the auto sector and create new power plants to raise domestic oil and gas output could end up helping these same companies.

Read Full Article ››

TAGGED: ExxonMobile, keystone pipeline, Presidential Election 2012, President Obama, Big Oil

RECOMMENDED ARTICLES

November 7, 2012
Don't Worry Big Oil, Obama Doesn't Hate You
Chris Helman, Forbes
There may be no more pro-Republican, anti-Obama industry than the fossil fuel extractors. Oil execs are convinced that President Obama hates them and that if he could have his way he would ban fracking and make the post-BP... more ››
November 9, 2012
Obama's 2nd Term: A New Path for Energy?
Jennifer A. Dlouhy, SF Chron.
President Obama enters a second term in the White House free to toughen regulations on domestic drilling despite industry objections - and to approve natural gas exports and the controversial Keystone XL pipeline without fear of... more ››
November 8, 2012
Fuel America Seeks "Common Sense" Approach
Evelyn Pyburn, Big Sky
Representatives of Partnership to Fuel America were in Billings, a couple weeks ago, to introduce local leaders to their program and enlist their support. The Partnership to Fuel America functions under the umbrella of the... more ››
November 8, 2012
Will Obama Seize the Moment on Climate?
Kelly Rigg, Huffington Post
Superstorm Sandy changed the U.S. political zeitgeist on climate change virtually overnight. When BusinessWeek runs a cover blazoned with "It's Global Warming Stupid" and politicians start breaking their "climate silence," you... more ››
November 9, 2012
U.S. Energy Future Back in Obama's Hands
David Unger, C.S. Monitor
In his victory speech early Wednesday morning, the newly-reelected President Obama offered a glimpse of an America "that isn't threatened by the destructive power of a warming planet," served by elected officials who work across... more ››