I truly think that the energy companies want to do everything in their power to keep the current regime in place, but that is strictly my opinion, you can 100% take the opposing view.

Joe, I don't take the 100% opposing view. Like everything else, it's a mixed bag in my view.

First I think there's a strong wish among all O&G producers for faster processes to approve projects. Way too many steps needed with many voters with conflicting agendas. The small guys just want to produce - they don't have any refining or downstream businesses. And they don't want any environmental regulations. Many just want to produce without restrictions. That's one voting bloc.

The big integrated companies also want streamlined project approval processes. But they also respect the need for environmental regulations and support them. They do have refining segments in the US, mostly designed to process heavy, dirty, crudes from Venezuela and Canada. So they want better access to these crudes. That means fixing issues with Venezuela and pipelines from Canada. The more pure refining companies very much want these things. So they like that part of the POTUS agenda.

So what's left? Various parts of the above. Those who want the O&G business impacted by the normal course of the cyclic O&G business. And those who respect the antitrust and environmental laws, and the laws of other countries as well as the USA. These are the ethical companies who really impact the worldwide supply/demand cycles. They don't want wars that impact these - it hurts their businesses even with short term profits. And they don't break the laws to take advantage of such. They also want a balanced set of government regulations that recognize the need for both better environmental controls and the ongoing need for O&G. O&G keeps modern civilizations functioning. Electricity can't provide the heats needed to make cement, steel, fertilizers, and plastics - the fundamentals. It can ultimately provide light transportation but is a very long way from doing so for heavy transportation. That's why the diesel shortage is becoming so critical - and it hasn't yet really rolled through the worldwide economies, but it will very soon.

So the O&G industry is far from united in their views on the current administration.
The part that really counts want balanced programs that recognize both the economic and
environment needs. Europe has gone way overboard on the environmental side. POTUS on unregulated production. And respect for the US Constitution.
an