How Will Biden’s Presidency Impact South America’s Oil Boom?

Much has been made of President-elect Joe Biden’s energy policies and the negative impact they will have on the U.S. oil industry, which is laboring to survive a global oil supply glut and sharply weaker energy prices. This is in stark contrast to outgoing President Trump’s pro-industry policies, which it is claimed helped the U.S. shale industry survive the worst oil price slump since the early 1990s. Energy sector analysts and insiders expect Biden’s commitment to ban new oil and natural gas leases on public lands, aggressively…