Posted on 02/02/2021 5:37:37 AM PST by karpov
During the first week of his presidency, Joe Biden signed two significant executive orders to help burnish his environment bona fides. On day one, he revoked the permit for the Keystone XL pipeline and, a week later, he declared a one-year moratorium on new leases for oil and gas drilling and fracking on federal lands and waters.
Building the Keystone pipeline would have supported more than 1,000 high-wage American jobs and generated about $8 billion of much-needed economic activity during this pandemic-induced recession. Instead, the canceled pipeline will generate 48,000 tons of scrap metal that may fetch $51 million.
Ironically, the demise of Keystone XL, after a 12-year battle, will do little or nothing to reduce fossil fuel consumption or greenhouse gas emissions. It doesn’t take gasoline vehicles off the road or add renewable energy sources to the power grid. And because Canada is the world’s fourth-largest oil exporter and petroleum is its No. 1 export, our northern neighbor will simply seek new outlets and markets for its Alberta oil through existing and planned pipelines to its West and East coasts while shipping more crude to the U.S. via rail tanker car.
Similarly, it’s not evident the lease moratorium on federal lands and waters will have any measurable environmental benefits. Last year, despite the pandemic, the U.S. remained the world’s largest oil-producing nation while, for the first time in 71 years, exporting more crude oil and petroleum products than we imported.
If domestic production is constrained because of the drilling ban, we will simply revert to being a net importer, consuming more oil from OPEC and other less-reliable suppliers with all the attendant energy security and balance-of-trade issues that entails.
(Excerpt) Read more at thehill.com ...
The President with no energy seems determined to ensure nobody has energy.
The Left is at war with reality.
It is all about feeling good.
It’s clear reality is the LAST THING they have interest in regarding the general population. They are fully aware. They do not care...it’s all about the global agenda of control.
I wonder how much longer masses of people will still believe in this idiot religion before they realize that it’s nothing more than a massive wealth transfer for the international ruling class. Seems like we blow through “point of no return” deadlines every year, but they still persist with pushing this garbage. They have to start catching on eventually, right???
I wonder how much longer masses of people will still believe in this idiot religion before they realize that it’s nothing more than a massive wealth transfer for the international ruling class. Seems like we blow through “point of no return” deadlines every year, but they still persist with pushing this garbage. They have to start catching on eventually, right???
No Bernie, you need a reality check.
They don’t care.
POST OF THE DAY
Needs to be a bumper sticker
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