- With a divided Congress, there are severe limitations to what a president-elect Biden could accomplish.
- This is the primary reason analysts believe the stock market has reacted with such a vigorous rally.
- With Senator McConnell now almost certain to hold the Senate gavel, the doomsday scenario that many midstream investors feared is extremely unlikely.
- Remember that even under Obama – who was hardly a friend to the oil industry – U.S. oil production almost doubled.
For further details see:
What The U.S. Election Results Likely Mean For Midstream Investors