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Who Should The Oil Industry Root For, Democrats Or Republicans?

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By: Michael Lynch

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SAUDIS

Although it might seem that Democrats have usually produced more favorable environments for the petroleum industry, much of that is correlation without causality.  They have happened to be in power during the Iranian Revolution and the Arab Spring, both periods of high prices.  Of course, there might be something to the idea that Republicans are more inclined to favor free markets, which usually favor consumers over producers because they mean lower prices, but you will probably not find any oil men or women denouncing such a stance.

 

 

 

 


TAGS: Petroleum, Consumers, Oil


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