Former Vice President Joe Biden is officially in the race for President now, and he may be running away with the Democratic nomination. That might be a reason for the natural gas industry to cheer, according to a May 10 story from Reuters.
The race was once thought to be completely wide open, with more than 20 candidates announced and many being quite formidable. Since he announced his candidacy on April 25, Biden has jumped out to a commanding lead. He is polling close to 40% and outpacing the next candidate by 20% to 30% depending on what polls you look at. He is also the second choice for many voters, meaning his support could grow as the field narrows. Many pundits think he is already virtually unbeatable.
Biden is a far more centrist candidate than most of the others running. Reuters reports that he will be taking a “middle ground approach” to energy and climate policy. He will face resistance from activists, but he is probably more in line with public opinion than they are. Biden will push America back into the Paris Climate Agreement that Pres. Trump backed out of. Biden will also push more nuclear and fossil fuel options, though. He will “support options like natural gas and carbon capture technology.” This is blasphemy to some on the left. Sen. Bernie Sanders, for example, is calling for a “ban on fracking and new fossil fuel infrastructure” to “keep oil, gas, and coal in the ground.” Sen. Sanders tweeted there is “no ‘middle ground’ when it comes to climate policy” after the Biden story was published.
Biden is also relying on a number of notable advisors from Pres. Obama’s administration. Many of them were quite supportive of the natural gas industry, and they saw natural gas as part of the solution to carbon emissions and not part of the problem. If your company sees natural gas as part of the solution, and you want to secure rights in the Marcellus shale region, you can call Cimmaron Land at (412) 212-7517.