ARLINGTON HEIGHTS, IL (January 26, 2021) – President Joe Biden is expected to sign an executive order Wednesday that would stop new oil and gas leasing on federal land, keeping a promise he made on the campaign trail.
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“In one stroke of the pen, Joe Biden intends to surrender U.S. energy dominance to China, Iran, Venezuela, and other hostile nations. Americans will be poorer and less safe as Biden places his faith in these hostile nations benevolently meeting our energy needs.”
“This isn’t a surprising move, as Biden said over and over again on the campaign trail that he was going to do this. Has there ever been a president who has destroyed more blue-collar jobs at the flick of his wrist at the start of his term of office than Scranton Joe?
“Beyond the jobs, you’re going to see billions of dollars in losses in income, tax revenue, and value added disappear. This tax revenue goes to pay for education, health care, public services like police and fire departments, etc., in areas where this drilling takes place—areas that are primarily rural and really need the money. But the Democratic Party gave up on rural voters long ago, so their lives and livelihoods can be sacrificed to appease the baying mobs of urban, coastal blue checks calling out for costly, counterproductive energy policy initiatives like this.”
“The United Nations released its Emissions Gap Report 2020 in December and it showed that the United States greenhouse gas emissions have declined since 2008 and continue to do so while those of China, India, and Russia continue to rise.
“Quarantining our own energy supply to further reduce greenhouse gas emissions while other countries continue trending upwards unfettered, despite making unenforceable pledges to the Paris Climate Accord, is a recipe for disaster. We’ll be trading our own energy security for climate virtue signaling while the rest of the world laughs and sells us oil at inflated prices.”
“This is a down payment on Biden’s promise to ban new oil and gas development on public lands. The move may please his radical environmental base, but it will do nothing to prevent climate change. Worse still, it will reduce federal and state revenues and harm the United States economically, cost people jobs, undermine the energy independence the Trump administration fostered, and reduce America’s geopolitical influence. Energy costs will rise, people will be hurt, and only politically connected green energy profiteers and their bought and paid for political lapdogs will benefit.
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