Natural Gas That Backed Romney May Gain From Obama Win
Natural gas producers such as Exxon Mobil Corp. (XOM) spent millions of dollars this year trying to defeat Democrats, such as President Barack Obama. His re-election may end up being a boon for them.
Obama policies promise to boost demand for natural gas in vehicles and power plants and facilitate domestic oil and gas output to levels not seen in more than two decades.
The re-election of Obama and continuation of Republican control of the House of Representatives opens the possibility for legislation to boost demand for gas, including incentives for natural-gas vehicles.