Oklahoma oilman Harold Hamm believes the Presidential election might have had a different outcome had the nation really learned much earlier of Joe Biden’s true intentions of eliminating the country’s oil and gas industry.
Speaking recently after Continental Resources announced its third quarter earnings report and before Biden was declared the unofficial winner, Hamm, the man who founded the company and was an open supporter of President Trump , opined his consideration of the presidential race.
“I believe that had the Democrats position to eliminate oil and gas—they call fracking—had that been known at the commencement of early voting—the outcome would have swung further to President Trump.”
It was in the last Presidential debate on Oct. 22 when Biden finally blurted out his intention to eliminate the industry after President Trump accused him of wanting to ban fracking.
While Biden has apparently won the presidential race, Hamm is confident Republicans will retain control of the Senate, thus serving “as a backstop for any legislation that would be harmful for U.S. oil and gas producers.”
Hamm reminded investors that Biden was among those who voted for the Fuel Use Act of 1977 which mandated 100% coal usage for electricity generation and was one of those who crafted the measure.
“Many energy supporting candidates did well in this election,” said Hamm. “Congressional District Five in Oklahoma City was a prime example of energy voting and the importance of energy to local economies.
Republican Stephanie Bice upset Democrat congresswoman Kendra Horn to return Oklahoma’s House delegation to an all GOP group.
“No matter the final outcome, Continental is well-positioned to be a leader and powering our nation’s recovery,” added Hamm.