Biden will also destroy a lot more legacy reliable power generation capacity which will again push the market for gas. And when gas can’t take the load anymore as he will also try to weight it down, people will get a taste of what those policies produce. States such as California is saved by its neighbors as it buys power when it does not have enough and sells when it needs to dump. As long as neighboring states do not need those capacities for themselves that works. But when Biden kills this flesh on the bones for the others too, states such as California go down a very dark route. The hardest hit will be those that support him today as they are more urban and more dependent on utility services. Divine justice?
While there has been a huge push to cut emissions in 2020, even an environmentally-focused administration like Joe Biden’s will not impact U.S. natural gas