Is a Fracking Boom the Answer to America’s Woes? Yes and No.
Quick. What’s the first thing on an analyst’s mind after a Republican sweep? Congratulations if you said ‘energy stocks’; Warren Buffet would be proud of your business acumen.
The GOP thrashed the Democrats in the midterms and generated a wave of high fives throughout the oil and gas industry. The XL Keystone pipeline’s path from Alberta, Canada to the Gulf Coast has been all but cleared. Republican candidates’ clear message of jobs over less tangible issues like climate change resonated with voters.