The United States heads into an election year during an auspicious time for energy markets around the world. As the global economy recovers from the effects of COVID-19, government stimulus and the reshaping of supply chains around the world will have a profound impact on how oil and gas markets, deployment of renewable energy technology, and capital flows adjust to a post-pandemic world.
It is in this context that US elections are presenting two different visions for the future of US energy policy. The presumptive Democratic nominee, Joe Biden, has announced a climate plan that would see unprecedented amount of spending on green infrastructure, and place significant pressure on the US oil and gas industry to tackle emissions – if not restrict oil and gas production outright. On the other hand, a second Trump administration would likely continue to pursue the ‘energy dominance’ strategy of the previous four years, allocating any – if not all – energy stimulus to the oil and gas industry which suffered greatly due to a global downturn in oil demand.
As part of Singapore International Energy Week’s ‘Thinktank Roundtables’ please join the Atlantic Council for a roundtable on the possible pathways ahead for US energy policy, and what that might mean for energy markets around the world.