Big Oil is doing way better under Biden than under Trump

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President Biden,Oil Prices,Fossil Fuels

Trump is a friend of Big Oil, but energy firms had some of their worst years ever during the Trump presidency.

Big Oil has chafed under President Biden, who has trash-talked fossil fuels and aggressively pushed to decarbonize the US economy. Donald Trump, by contrast, says “drill, baby drill” and has reportedlyIrony alert: The fossil fuel industry has done far better during Biden’s presidency than it did during Trump’s in terms of profitability, stock performance, and production.

But low prices for consumers came at the expense of profitability for drillers. From 2015 through 2020, the US energy sector was the worst performer among 11 industries in terms of profitability. In this article, we are going to discuss the top 15 natural gas producing countries in the world in 2024. You can skip our detailed analysis of the global oil and gas market, the recent major natural gas discoveries, and the use of AI in the oil and gas industry, and go directly to the Houston police chief retires suddenly after questions raised about more than 260,000 suspended investigations

 

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Biden Thwarts Trump And Blocks Mining Road, Oil Drilling In AlaskaChris D'Angelo is a senior reporter at HuffPost, based in Maine. He covers public lands, climate change, biodiversity and environmental policy. Prior to joining HuffPost, he wrote for daily newspapers in Hawaii.
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