Here's what the midterm election results could mean for energy ETFs

According to a note from Goldman Sachs' economic research team, Tuesday's elections could mean that policy status quo remains intact for the next two years. "Sector-focused policy changes would be even more limited under a divided Congress than under Republican control.

The election results could also be good news for permitting reform, where more Republican votes in the House could help boost a priority for Sen. Joe Manchin, D-W.Va. Some progressive lawmakers had resisted the idea, which could ease the process for approving new oil pipelines and green energy projects. Raymond James analyst Ed Mills said in a note to clients on Wednesday that the issue could be taken up during the lame-duck period.

We won't know anything about the future of energy policy in this Country until December. Anyone who jumps before then is taking a calculated (or uncalculated) gamble.

Sick of Washington and Biden’s bs

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