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Helima Croft of RBC Capital Markets discusses the key elements of President Biden's energy and climate policy, and how the administration will have to muster support from both parties in Congress.
Director of National Intelligence John Ratcliffe said Wednesday both Iran and Russia have obtained U.S. voter registration information in an effort to interfere in the election. Helima Croft, managing director and global head of commodity strategy at RBC Capital Markets, joins ‘Closing Bell’ to discuss what this could mean for the oil market.
"I don't think [Biden's plans are] a wholesale assault on the oil industry. It's just not going to be in favor like it was under President Trump." (NPR)
"With a Biden administration, I don't think it's a wholesale assault on the fossil fuel industry," Croft told Business Insider. "I think oil is going to be sort of out of favor, but not under wholesale assault." (Business Insider)
I think a real question is, you know, once OPEC starts easing cuts, can they maintain the same level of conformity or will it start to break down when we start to have more barrels coming back? (Business Insider)