Posted on 01/25/2021 4:29:37 AM PST by MarvinStinson
Frank Macchiarola, senior vice president of Policy, Economics and Regulatory Affairs at the American Petroleum Institute (API), said in an interview that if President Joe Biden puts a permanent ban on oil and gas development on federal waters and land, it could cost 1 million American jobs.
“I think the first four days of the Biden Administration have given a clear picture of what the next four years could look like,” he said. “President Biden comes into office with a real economic headwind and a difficult labor market but at the same time he inherited an energy [landscape] that’s stronger because of America’s shale revolution.”
“We’ve produced lower household energy costs as a result of U.S. energy and less reliance on foreign energy sources,” Macchiarola added.
“The president has a choice to make: He can maintain U.S. leadership and maintain and support our economic recovery with American energy or he can pursue policies that destroy jobs and at the same time increase energy imports,” he further asserted.
“The first few days should concern all Americans because the administration is clearly taking actions that are going to harm the economy and cost Americans jobs,” Macchiarola said.
“Two of the major components of the inauguration address and of the priorities of the new administration, No. 1 is rebuilding alliances and No. 2 strengthening our economy,” Macchiarola said. “With this decision that heads in the opposite direction on both of those priorities.”
It could also cost the U.S. $2 billion in wages, he said.
(Excerpt) Read more at breitbart.com ...
And he’s just getting started.
Only big business and the oil companies will prosper. Bidet was in their pockets the entire time. Too bad stupid people get to vote
the globalist in both parties want us beholden to foreign interest all day long and in every way possible.
Not if the states involved ignore the EO and become OIL SANCTUARY STATES.
This foreign-controlled government is waging economic war against the American people. What are Patriots waiting for?
If that happens we will become dependent on OPEC and gasoline will be $6.00 per gallon.....
Before we can declare that stupid people voted for this clown we need to have a forensic audit done on all voting machines used in the 2020 election! Stupid people votes don't just appear out of thin air! Crooked voting machine votes do!
Who needs jobs with $1000 food stamps every month for family of 4, unemployment checks for 99 weeks with $600 added bonus money every check, subsidized (free) Obamacare, Heat allowance, free phones, rent subsidy, free language translators, section 8 subsidized housing, free college, etc.
Like the joke goes... every wife as 2 ass holes. One goes to work every morning.
The 100 billion bullets are gathering dust?
You’re not giving Joe and the Ho enough Credit. I think they could easily make that 10 Million Jobs, I got $20 that says it will be at least 5 million jobs LOST Permanently by July 4th.
Yes they are. Remember a while back Maxine Waters blurted out that they wanted to nationalize the oil companies?
“Expert: Biden Actions...could kill as many as 1 million jobs”
Biden: “And your point is?”
And people say hunter biden didn't earn that money.
Jobs yes. But don’t forget all of the other people who sell them goods.
And don’t forget all of their family members who will suffer as a result..
Drive the US into a Depression with high inflation.
After all the blood letting in the oil and gas industry I wonder if there are 1,000,000 employees in the industry left to fire?
Plugs is just getting warmed up folks. On a run right now to do as much damage as possible in case anybody wakes up and tries to stop him. Question is, stop him with what divisions?
Have you been to a university campus lately?
Not if the states involved ignore the EO and become OIL SANCTUARY STATES.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.