Biden faces another crisis with energy due to his mass amount of ravaging executive orders and destructive policies, according to The Western Journal.
The Western Journal reported that gas prices are up 18% and petroleum is up a whopping 50% since Biden too the White House.
Steven Kopits suggests that “Biden has substantial political risk heading in the 2022 midterms.”
“He would do well to articulate a more balanced energy package because we may well see gasoline prices above $4 a gallon, and Republicans will not hesitate to finger the moratorium on leasing as the cause.”
Vice President of the Petroleum Association of America Dan Naatz said that the catastrophic decision to shut down the Keystone XL Pipeline has cost Americans at leadt 11,000 employment opportunities.
“The Biden administration’s plan to obliterate the jobs of American oil and gas explorers and producers has been on clear display with cancellation of the Keystone XL Pipeline, the initial announcement of a 60-day freeze on federal leasing and permitting,” Naatz stated.
Biden's decision to cancel the Keystone Pipeline is starting to have major consequences. https://t.co/IyzALtWRvM
— The Western Journal (@WestJournalism) February 11, 2021
“In four years [under President Donald Trump], we had made the U.S. energy-independent and denied the bad guys the ability to control global oil prices.” Naatz continued.
“The Democrats undo it in two weeks. Just incredible.”
Day 1: The Biden admin cancelled the #KeystonePipeline.
Day 2: The Biden admin banned new fracking on federal land.
The Biden admin's message to America's blue-collar workers: If you are a blue-collar worker in the energy industry, find a new job.https://t.co/C0iFd79cTs
— Senator Ted Cruz (@SenTedCruz) January 21, 2021
Experts: Biden's climate actions will cause electricity prices to skyrocket https://t.co/rELExlqzVJ
— Martin H Oxman (@OxmanMartin) February 11, 2021
The Global Energy Institution issued a warning that “By 2022, 14.8 million jobs could be lost, gasoline prices and electricity prices could almost double, and each American family could see their cost of living increase by almost $4,000,” the Global Energy Institute warned.
Karen Harbert the CEO of the American Gas Association and a former GEI (Global Energy Institute) executive stated, “It’s easy for politicians and activists to call for an end to hydraulic fracturing, but now we know what the consequences could be.”
“Without fracking, the U.S. would surrender our status as a global energy superpower. … Beyond that, banning fracking would make America much more reliant on foreign sources of energy, weakening our national security.”
“Every American family could face higher prices for the energy they consume and the products and services they buy, and almost 15 million Americans could be out of work. These extreme and irresponsible proposals should not be considered.”
From The Western Journal:
Last month, Biden came under fire after he halted new drilling permits on federal lands on his second day in office.
In the lead-up to the election, the career politician had flip-flopped on fracking depending on which audience he addressed.
Biden opposed fracking when pandering to the far-left faction of the Democratic Party, which claims fracking is bad for the environment. However, he supported fracking when pandering to moderates.
Once he got installed as president, Biden blocked oil and gas drilling on public lands, freezing such leases for at least 60 days.
Energy experts have repeatedly warned that a ban on fracking would dramatically increase energy costs and decimate millions of jobs.
Last month, Marty Durbin of the U.S. Chamber of Commerce’s Global Energy Institute issued a statement warning that Biden’s move to “impose an indefinite ban on new energy production on federal lands and waters is bad policy and counterproductive to the goals of supporting the economy and combatting climate change.”
Other GEI executives said banning fracking will erode America’s competitive edge, compromise national security and cause energy prices to soar.