As many feared, President Joe Biden’s restrictions and bans on oil and gas production and development could kill millions of American jobs.
“Frank Macchiarola, senior vice president of Policy, Economics and Regulatory Affairs at the American Petroleum Institute (API), said in an interview on SiriusXM’s Breitbart News Saturday with host Matt Boyle 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,” according to Breitbart. [emphasis added]
“Boyle asked Macchiarola about the significance of Biden revoking the permit for the Keystone XL Pipeline and putting a 60-day pause on federal land leasing in his first days in office.
“‘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.‘… “emphasis added]
“‘The full scale ban of development on federal lands you can bet the impact could be up to a million jobs in the United States,‘ he said.” [emphasis added]
For more on this important story, please go to Breitbart.
Please share your opinion in the comment section. Do you believe Joe Biden will kill America’s booming oil and gas production and kill millions of good American jobs? Why or why not?