"A Biden win won't reduce oil demand"-Goldman Sachs

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U.S. election outcome will not impact bullish energy outlook: Goldman . Reuters .
Goldman Sachs said the outcome of U.S. elections would not impact its bullish oil and natural gas outlook and that an overwhelming Democratic victory could be a positive catalyst for these sectors. Goldman reiterated its bullish 2021 view for both natural gas and oil, saying drivers for higher prices supersede the potential outcomes of the U.S. election.

Biden’s climate priorities also point to a faster deployment of renewable sources of energy than currently expected, Goldman said, adding such an agenda would require new infrastructure, which alongside a likely large initial fiscal stimulus, would lead to higher oil demand in coming years.

Kamala Harris gets a fracking education . WallStreetJournal . Opinion.
Kamala Harris in Wednesday’s debate declared that Joe Biden’s Administration would make the U.S. “carbon neutral” by 2035—a more ambitious goal than even California has set—while at the same time disavowing plans to ban fracking for natural gas. We look forward to Mr. Biden explaining this apparent contradiction in the next debate, if there is one. Meantime, it’s worth highlighting a new Energy Information Administration report that shows how fracking and competitive energy markets have done more to reduce CO2 emissions over the last decade than government regulation and renewable subsidies.