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U.S. oil and gas companies spent less than $1 billion to influence politicians during the 2024 election cycle, leading to increased profits and reduced competition from Middle Eastern energy producers.

PoliticsEconomicsApr 16, 2026score 0.302 posts · 1 replies across 1 instances
The thread discusses how U.S. oil and gas companies influenced politicians during the 2024 election cycle to gain profits from the Middle East war, which also reduced competition and increased their market share. It references past U.S. presidents' claims about oil and gas production growth.

Claims

U.S. oil and gas companies spent less than $1 billion to influence politicians during the 2024 election cycle, leading to increased profits and reduced competition from Middle Eastern energy producers.
Parent: U.S. Oil and Gas CompaniesEntity: Political InfluenceImpact: positiveDate: Apr 16, 2026Target: U.S. oil and gas companies' political influence and its impact on market dynamics

Source posts

@[email protected]
www.reuters.com/business/ene... This is how it is done - #US #oil #gas companies bought #politicians for less than $1B in the 2024 #election cycle and have made billions in extra profits thanks to the #war which has also gutted their major competitors in the #MiddleEast increasing their market share Middle East war damage to ener...
1 boosts · 0 favs · 0 replies · Apr 16, 2026
#us#oil#gas#politicians#election#war
@[email protected]
https://www.reuters.com/business/energy/middle-east-war-damage-energy-assets-may-cost-up-58-billion-research-firm-rystad-2026-04-15/ This is how it is done - #US #oil #gas companies bought #politicians for less than $1B in the 2024 #election cycle and have made billions in extra profits thanks to the #war which has also gutted their major competitors in the #MiddleEast increasing their market share over the long-term. Easy-peasy. And remember, both #Obama and #Biden routinely bragged about growth of #US #oil #gas production on their watch. #climate #climatechange #climatecrisis
2 boosts · 0 favs · 1 replies · Apr 16, 2026
#us#oil#gas#politicians#election#war