WorldOil World Oil editorial: Biden is a menace to sound energy policy and industry’s future For several months now, we have told you our concerns about a potential Joe Biden presidency, as relates to the oil and gas industry’s future. U.S. sanctions cripple Venezuela’s oil industry Venezuelan crude inventories have surged 84% over the last three weeks as the threat of U.S. sanctions ward away buyers of the nation’s most important commodity. Alberta ends OPEC-style curbs after Covid-led oil sands retreat Alberta’s two-year experiment with OPEC-style crude production curbs is coming to an end. PESA president rebuts Biden’s energy stance While it’s true the energy ecosystem is in transition, former Vice President Biden is incorrect that it means replacing one form of energy with another or phasing out oil and gas. EQT pursues takeover of rival CNX Resources EQT Corp., the biggest producer of U.S. natural gas, is seeking to acquire rival CNX Resources Corp., according to people familiar with the matter, as MandA accelerates in the distressed shale patch. Trump leverages Biden’s oil stance as a warning to swing state voters After the debate, Biden sought to emphasize that the fossil fuel industry wouldn’t “be gone” until 2050, and that oil workers are “not going to lose their jobs.” Russia open to delaying OPEC+ production hike, says Putin While Putin said his preference was to adhere to the current plan, his comments are a show of unity between Russia and Saudi Arabia, whose leaders have been engaged in intense telephone diplomacy this month. API fact-checks the presidential debate’s energy positions The American Petroleum Institute corrected the record on discussions about a fracking ban, implementing a carbon-free power sector by 2035, replacing natural gas and oil jobs with clean energy jobs, and policies to reduce CO2 emissions. Lower Mexican output in 2021 will raise Canadian heavy oil prices Oil sands producers will benefit from less output of competing crude from Latin America as Pemex expects to cut exports while Venezuelan supplies remain off limits due to U.S. sanctions. Executive orders would give Biden options to limit oil and gas production There are several ways Biden could halt fracking on federal lands using executive power. He could ban new oil and gas leases, halt new permits, or seek a specific regulatory ban on fracking, all of which Biden has telegraphed at one point or another on the campaign trail.