Stock Strategist: U.S. Oil and Gas Doesn't Need a Trump Win to Thrive

[Morningstar Logo]( [Company Site]( [Company News]( [Membership]( [Portfolio]( [Stocks]( [Options]( [Funds]( [ETFs]( [Markets]( [Tools]( [Personal Finance]( [Discuss]( Stock Strategist U.S. Oil and Gas Doesn't Need a Trump Win to Thrive Weaning America off fossil fuels will take decades, even if Democrats sweep Congress in November. [tab_bar] by Dave Meats, CFA | 10/23/2020 1:00:00 PM Tackling climate change has become one of the central pillars of Democratic presidential candidate Joe Biden’s election campaign. The former vice president’s $2 trillion investment plan covers infrastructure, transit, the automobile industry, and the power sector, with the ultimate goal of making the United States carbon neutral by 2035. A Biden administration would also bring the U.S. back into the Paris Agreement and reverse Trump-era rollbacks on various public health and environmental rules. However, that doesn’t mean America’s gas-guzzling days are over. The executive branch can enforce existing legislature, such as the Clean Air Act and the Safe Drinking Water Act, but efforts to regulate the production or consumption of fossil fuels this way would meet considerable resistance in the courts. Retaking control of the Senate would give Democrats more options to restrict the oil and natural gas industry, but lawmakers would probably hold off on the more aggressive policy options, such as an outright ban on fracking. The U.S. still needs fossil fuels for transport and electric power generation, even if the Democrats prioritize electric vehicles and renewables, so an all-out assault on domestic producers would do more harm than good. To read more, click [here](. Sponsored Links [Buy a Link Now]( Podcast: Investing Insights From Morningstar.com Listen to a roundup of the latest videos featured on Morningstar.com [in this podcast]( available through iTunes. Free Issue | Morningstar's Stock Newsletter >> Morningstar StockInvestor is celebrating more than 10 successful years of high-quality stock investing. Its two real-money portfolios have outperformed the S&P 500 since 2001. [Get new ideas for the core of your stock portfolio.]( Search Most Recent Articles [A Risky, But Promising Innovation ETF]( [As Private Equity Goes Mainstream, Investors Need Help]( [Your 2021 Medicare Fall Enrollment Checklist]( Latest Analyst Reports [Allegion]( [Reliance Steel & Aluminum]( [Crown Castle International]( [Fifth Third Bancorp]( [Sirius XM Holdings]( ABOUT OUR EMAIL To unsubscribe and update your preferences, go to our [email newsletter page](. All subscription changes will take effect within one business day. If you have questions about Morningstar.com or your membership, send a note to premium@morningstar.com. ABOUT OUR PRIVACY POLICY Please [click here]( to learn about Morningstar's privacy policy. (c) Copyright 2020. Morningstar, Inc. 22 W. Washington Chicago, Illinois, 60602 All rights reserved.