May 4, 2024

News and Political Commentary

Donald Trump Is the Oil and Gas Industry’s Top Choice for President

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Donald Trump is the oil and gas industry’s undisputed top pick for the Republican presidential nomination as energy sector donors shower his candidacy with nearly 10 times the amount of money as they gave his challenger Nikki Haley.

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(Bloomberg) — Donald Trump is the oil and gas industry’s undisputed top pick for the Republican presidential nomination as energy sector donors shower his candidacy with nearly 10 times the amount of money as they gave his challenger Nikki Haley.

And forget about President Joe Biden. Despite record oil production and profits during his White House tenure, industry donors have given very little — just $635,000 — to his reelection bid compared with the $7.37 million they bestowed on Trump, according to an analysis from OpenSecrets.

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Bloomberg News

2024-02-09 06:22:44

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