An Election Warning For Energy Traders

I have said and written many times, in many different contexts, that one of my core investing beliefs is that politicians have a lot less effect on the market than most people, and especially they themselves, think they do. The one major exception to that, at least when it comes to Presidents, is in terms of energy stocks. The Department of Energy is run by the White House, as is the Environmental Protection Agency, which is responsible for a lot of the regulations that directly impact the energy industry. Obviously then, who is President matters…