What’s Happening:
Don’t believe what the media claims. The economic crisis hurting most Americans is the direct result of Biden’s policies. Perhaps the worst was to shut down our energy independence. Biden refused to lease federal law for drilling–resulting in skyrocketing energy prices. Worse than that, Biden also shut down a critical pipeline, which would have saved us during this looming recession.
Now, his administration is revealing just how damaging Joe’s decision was.
From Red State:
According to a newly-released report from the Department of Energy, which cited a variety of studies on the economic impact of the pipeline’s construction, the cancellation of Keystone XL cost somewhere between 16,149 and 59,000 jobs. Lost GDP from the project is also estimated to be between $3.4 billion and $9.6 billion.
Dang. Thanks to Joe, the nation lost tens of thousands of jobs and nearly $10 billion in GDP. That’s a big deal. Had that pipeline been built, we would not be facing the gas crisis and other factors contributing to inflation. Soon after this news hit, an oil CEO took Joe to task,
From Fox Business:
“It’s an economic boondoggle here,” Canary CEO Dan Eberhart said… “What America needs is clean, cheap energy. And I think that the Biden administration keeps throwing these lifelines to the progressive left and trying to give in to their wish list, but they’re doing it at the expense of the American consumer.”
CEO of Canary blasted Joe Biden’s energy policy, saying it has become an “economic boondoggle.” He accused Joe of throwing “lifelines” to the progressive left, which wants harsher environmental restrictions at the cost of our economy.
Eberhart said that Biden’s bowing to the left has cost the “American consumer.” Thanks to Joe’s radical energy restrictions, including shutting down the Keystone XL Pipeline, Americans are suffering big time.
Gas prices started rising immediately after Joe implemented these policies. They only went higher when companies boycotted Russian oil. The rising cost of gas only added fuel to the fire of rising inflation. Today, the cost of most basic necessities is out of control, largely thanks to Biden’s foolish energy decisions.
Even his DOE is admitting that shutting down the pipeline struck a huge blow against our economy. So many jobs were lost and billions of dollars were squandered. Meanwhile, Biden keeps sending billions to nations overseas and does nothing to combat inflation.
All he has to do is resume leasing land for oil companies for things to turn around. But he refuses to do so. Biden is determined to strangle American energy independence, as our money bleeds to oil producers around the world.
Key Takeaways:
- The Department of Energy admitted Biden’s end to the Keystone XL Pipeline cost America tens of thousands of jobs and billions of dollars.
- An oil CEO accused Joe Biden of creating an “economic boondoggle” with his failed energy policies.
- Biden shut down American energy production to placate radical leftist environmentalists.
Source: Red State, Fox Business
