Impact of Political Changes on Oil and Gas

The political landscape, particularly with the Trump administration, could significantly influence the oil and gas sector. It is anticipated that the administration may facilitate the development of American oil and gas transmission assets, potentially accelerating the construction of natural gas liquefaction plants on the East Coast. Moreover, the Keystone pipeline project could see renewed momentum, allowing heavy Alberta crude to flow to Gulf Coast refineries, which are in need of this product. These developments may also open avenues for Canadian natural gas exports to Europe through U.S. facilities, highlighting an interconnected North American energy landscape.