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As we saw from 2013 through 2016, the executive branch has many regulatory tracks to pursue to limit the oil and gas industry, including not just the Department of Interior, but also the Environmental Protection Agency and OSHA, all of which can significantly raise costs in the oil and gas sector and slow the ability to complete major projects. Then there would be the Biden/Harris regulatory agenda.В A Biden/Harris administration is very likely to pursue a regulatory agenda that will look a lot like the aggressive agenda taken up during the 2nd term of the Obama/Biden presidency. could rise considerably if he were to become unable to finish his term. Given that Biden would be 78 years old on inauguration day, threats to the continuation of legal fracking in the U.S. On the few occasions when she was asked about it, she was always very careful to say that вЂњ Joe BidenВ will not ban fracking,вЂќ and no more than that. repeatedly during her own presidential effort in 2019, and never really backed off of that promise during the general election campaign as BidenвЂ™s running mate.

Kamala Harris promised to eliminate hydraulic fracturing entirely in the U.S. It is also important to remember that Sen. This can be accomplished by an order from either a President Biden or from his future Secretary of the Interior, although we should also expect Interior to follow up and attempt to frame it in the form of regulations in order to make it more of a permanent change. We can also expect a Biden presidency to follow through on his promises to ban hydraulic fracturing on federal lands and waters, which represent a very sizable percentage of overall U.S. TrumpвЂ™s various orders designed to eliminate delays in federal permitting processes.TrumpвЂ™s order to disband the Interagency Working Group on Social Cost of Greenhouse Gases.TrumpвЂ™s order to end the Council on Environmental QualityвЂ™s guidance that all federal permitting decisions and NEPA reviews must consider climate change impacts.

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Re-entry of the United States into the Obama-era Iran deal, which would free up Iran to dramatically increase its exports and potentially impact crude prices.Re-entry of the United States into the Paris Climate Accords.

Those likely executive order reversals include: Biden and Harris repeatedly promised to take these actions throughout their campaign, so we should expect a quick follow through on what amounts to low-hanging fruit. Thus, the most immediate impacts of a Biden presidency will come in the form of efforts to increase regulation on the energy industry via the reversal of various Trump executive actions. The obvious vulnerability of any executive order is that it usually can be easily reversed by a successor in office. Like the Obama/Biden presidency before him, a great deal of President TrumpвЂ™s energy-related policy has been enacted via executive orders. The first tranche of impacts will come in the form of executive orders. While only one significant oil and gas-related issue was raised to high prominence during the general election campaign вЂ“ BidenвЂ™s promises to ban hydraulic fracturing at various times and levels вЂ“ it is a mistake to assume that that would be the only way in which a Biden/Harris Administration would impact the industry. By: David Blackmon вЂ“ Forbes вЂ“ Assuming that the various challenges being filed by President Donald Trump this week to election results in several states fail and Democrat Joe Biden does become the next President of the United States, the potential impacts to the oil and gas industry in the U.S.