Daily Traders Edge

Rubio picks outgoing Devon executive to oversee energy policy issues

February 22
16:44 2016

Republican presidential candidate Marco Rubio has picked Devon Energy Corp co-founder Larry Nichols to help oversee his campaign's stance on energy issues, Rubio spokesman Jahan Wilcox said on Monday. Rubio, a U.S. senator from Florida, made the choice as his campaign efforts move toward the next round of primary voting states, including Nevada on Tuesday and then Oklahoma and Texas on March 1, "Super Tuesday." Nichols, who stepped down as Devon's CEO in 2012 after more than 30 years but stayed on executive chairman, is set to fully retire this year from the Oklahoma-based oil producer. Like other powerful voices in the oil and gas industry, Nichols last year echoed calls to lift a 40-year-old federal ban on crude oil exports.

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