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  • Roger S. Conrad

Feature Roundtable: A Closer Look at Energy Policy in 2021

By Elliott H. Gue on Jan. 18, 2021

Editor’s Note: In the previous issue of Energy and Income Advisor, we stated our view that prospective changes in energy policy in 2021 would not be catastrophic for the oil and gas industry, regardless of who won the Georgia runoff elections for the US Senate. Now that those results are in, it’s time for a closer look at what’s likely to be different, what won’t be and where the real risk and reward lies for energy investment.

What and what did not change for North American energy regulation as a result of the Senate run-off elections in Georgia?

The biggest change with 50 Democrats and a Democrat as Vice President to break ties is the US Senate is now far more likely to quickly approve incoming President Biden’s cabinet appointees.

For energy companies, the most important are New Mexico Representative Haaland (D-NM) as Secretary of the Interior, former Michigan Governor Granholm as Secretary of Energy and former North Carolina regulator Michael Regan to head the Environmental Protection Agency.

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