Posted on: 11. 26. 20
New Presidents and the changing of parties in power usually signal a shift in how the oil and gas industry operates for a presidential term. Results from the November 3 election show that former Vice President, Joe Biden, is most likely bound for the White House as our next President.
Throughout the campaign, our industry received signals from both sides of politics, but with the declaration of a winner, we must now examine the realities our industry faces.
The Pandemic is Still A Main Issue
Politics aside, the oil and gas industry took a big hit this year as the Covid-19 pandemic raged across the nation. Unfortunately, the virus is still mainly in control of travel and demand. So, even if political action was in full favor of our industry, we’d still see difficulties ahead.
However, with the hope of a vaccine on the horizon, facilities across the nation can look to the future, and prepare for a potential uptick in demand for oil and gas as people begin to once again travel.
Fracking is Not Going to Go Away
One of Biden’s speaking points on his campaign trail was fracking. Although many have confused his stance with a complete shutdown, the reality is that he plans to halt fracking on Federal lands.
Although we are happy to see Federal lands preserved, onshore drill sites will take a significant hit because the fruitful New Mexico side of the Permian Basin rests on Federal land. Therefore, we can expect some long-term consequences from these actions.
Pipelines May See Mixed Results
While those seeking new projects may find it difficult to get the wheels rolling under a Biden administration, onshore drill sites and natural gas production facilities with current projects in other thriving production sites will continue to witness success.
We say that there’s still time to plant your stakes in the ground. With the ease of mobile oil and gas mining equipment, once a contract is approved, pipeline companies can have teams on the ground prior to Inauguration Day.
Clean Energy Remains a Driving Force
Many people view clean energy as a force that works against oil and gas. The reality is that our industry has been a driving force behind cleaner production and the preservation of sites where teams collect materials.
Expect us to remain part of the movement for cleaner energy as plants across the nation continues to invest in renewable technologies.
Regardless of Politics, Trust Pro-Gas to Keep Your Production Flowing
If your production company is ready to press on to a new administration, Pro-Gas, LLC is here to help you do so with the most reliable equipment in the industry. Our products like the Fuel Genie and gas conditioning equipment help push the industry forward regardless of who sits in the White House. Contact us today to learn more about our available products.
