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Expert: Oil and Gas Has Georgia on its Mind

Source: HART Energy, November 16, 2020

If two Republican senators don’t win their seats in the January runoff, Ethan Bellamy expects oil to be a loser during Joe Biden’s administration.

In early January, Georgia voters will determine which party controls the U.S. Senate in a runoff election of enormous consequence for the country and, in no small part, the oil and gas industry.

“If we get a Republican Senate, then divided branches nullify change and the market will roar,” Ethan Bellamy, East Daley’s managing director of midstream strategy, told Hart Energy. “If, however, the Democrats control all three branches, it’s Katie, bar the door for oil and gas and, more broadly, tax policy.”