Our Super-Spiked post last week (here) asked the question of “Does the US President’s party matter to energy macro results?” Our over-arching conclusion is that the bark of presidential or party rhetoric is far worse than the bite. Energy is by nature a long-term business and mega trends around sources of supply, global economic growth, geopolitics, and capital spending cycles drive share price performance, crude oil and natural gas production, as well as CO2 emissions trends than does whichever party happens to be in power for a particular 4 or even 8-year period. The fact that these long-term trends dominate over-arching results—and we observed that there is a notable exception for particular projects that might impact specific companies, something like an approved or rejected oil or gas pipeline or perhaps a new energies subsidy—the long-term trends mean there is likely far more common ground among the major parties than there is disagreement. Yet all we hear about are the extremist edges of the debate. So in the spirt of peace, love, and unity, this week’s video will focus on where there is or should be common ground among Republicans, Democrats, and Independents here in the United States.
