November 9, 2012
Oil Could Benefit From Obama Win
Swagato Chakravorty, Seeking Alpha
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.
TAGGED: ExxonMobile, Keystone Pipeline, Presidential Election 2012, President Obama, Big Oil