re: I'm a Republican that wants to vote for Trump but.........

The irony is we O&G baws do well down here in Texas, Louisiana, Oklahoma during Democrat administrations because Democrats put regulatory pressure on the O&G industry which leads to higher energy prices for the rest of the nation.

The problem is, you have to get your permits in hand under a friendly administration because an unfriendly administration like the Biden's issue O&G permits that are usually unprofitable. Once you have permits that are profitable under a friendly administration then you can hope to get an unfriendly administration in to block competition and increase your profits during an unfriendly administration as they raise energy prices through foreign and regulatory pressure to pursue green energy.

Another issue is friendly administrations like Trump will pursue policies with oil rich nations to produce more oil making it difficult for domestic production. It's great policy for 90% of the nation but bad policy specifically for domestic O&G production because of cheap energy policies.


With that said I work in O&G but in midstream. Midstream is not necessarily effected by price swings as much as upstream and downstream. Midstream just takes a percentage of the volume and/or mass of energy that passes from upstream to downstream. As long a people demand energy midstream will roll along.

The economic ups and down in midstream are low and shallow. Whereas the economic ups and downs especially for upstream are extreme. The majors like XOM and CVX hedge themselves between upstream and downstream. When they are not making much money upstream (E&P) they are usually see the highest margins downstream (refining). When the oil prices are high they are raking it in on the E&P side and the margins are a lot tighter on the refining side.