The Biden administration published a congressionally mandated report highlighting the positive economic benefits the Keystone XL Pipeline would have had if Biden didn’t revoke its federal permits.
The report, which the Department of Energy (DOE) completed in late December without any public announcement, says the Keystone XL project would have created between 16,149 and 59,000 jobs and would have had a positive economic impact of between $3.4-9.6 billion, citing various studies. A previous report from the federal government published in 2014 determined 3,900 direct jobs and 21,050 total jobs would be created during construction which was expected to take two years.
But immediately after taking office in January 2021, Biden canceled the pipeline’s permits, effectively shutting the project down.
“The Biden administration finally owned up to what we have known all along — killing the Keystone XL Pipeline cost good-paying jobs, hurt Montana’s economy and was the first step in the Biden administration’s war on oil and gas production in the United States,” Sen. Steve Daines. R-Mont., said Thursday in a statement. “Unfortunately, the administration continues to pursue energy production anywhere but the United States.”
…….The DOE was forced to issue the report after Daines and Sen. Jim Risch, R-Idaho, successfully inserted a bill mandating the report into the Infrastructure Investment and Jobs Act Biden signed into law in November 2021. The agency was required to publish the report within 90 days of the bill’s passage but ultimately waited more than a year before releasing it.
In a statement Thursday, the DOE noted that the project would have had minimal permanent job impacts, but didn’t mention the thousands of jobs that were estimated during the construction of the pipeline.
“The U.S. Department of Energy released a report evaluating existing analysis on economic and job effects of the XL portion of Keystone pipeline,” the DOE told Fox News Digital. “It concluded there were limited job impacts, with approximately 50 permanent jobs estimated to have been created were the pipeline operational.”
So in other words, “nothing to see here, move along”.
The day he was installed, Biden signed an executive order to block the Keystone XL pipeline, wiping out thousands of jobs and declaring war on the U.S. energy industry. He’s also banned new oil and gas development on public land. But he helped the Russians with Nord Stream. He’s subsidizing the Russian war effort in Ukraine. And after all that money his family made from Burisma.
Instead of backtracking on his domestic energy fuckup, he tried to call Islamofascist nation states like Saudi Arabia and the UAE to beg for more oil production, but they refused to speak with him.
This is how the Biden regime fucks with the oil industry and tries to blame them for the problem:
Industry groups have accused the White House of misleading the public on leases, arguing that not all leases contain oil or natural gas, drilling requires sizable private investment and further permitting is required before a company can begin extracting resources from the ground.
……“The federal permit to drill is not the only government approval required. Rights of way (ROW) must be acquired to access the lease and for natural gas gathering systems,” Western Energy Alliance President Kathleen Sgamma wrote in a blog last week. “ROWs can take years to acquire. With the pressure not to flare from regulators and investors, most companies cannot drill before the gathering lines are in place.”
The Washington State Department of Natural Resources, for example, lists a dozen permits and requirements companies must obtain before drilling on a lease on its website.
Meanwhile, the Biden administration has implemented new regulatory hurdles for domestic fossil fuel production over the last 14 months. The White House has also signaled it won’t renew the five-year off-shore lease program that is crucial for domestic energy production and ensuring continued drilling in the oil-rich Gulf of Mexico, The Washington Post reported.
This is what should be done to reverse Biden’s damage:
Scrap the oppressive federal regs.
Encourage domestic production.
Allow increased fracking.
Repeal the gas tax.
Open up drilling of the vast oil resources in Alaska.
As long as the worthless lump of flesh occupies the White House, don’t expect much except higher gas prices.