JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
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Their lies are so stupid and yet typical for Dems.
Biden-Harris’ Anti-Fracking Policy Will Kill Jobs, Hurt Prosperity
The Biden-Harris energy platform would ban hydraulic fracturing to harvest oil and natural gas that has made the U.S energy independent.
www.breitbart.com
Former vice president and Democrat presidential candidate Joe Biden’s energy platform, if enacted, would end using hydraulic fracturing technology to harvest oil and natural gas that has allowed the U.S. to become energy independent while creating millions of American jobs.
During his presidential campaign, Biden has said he would “phase out” and eliminate fossil fuels, including getting rid of fracking.
His running mate, Democrat vice presidential candidate Kamala Harris said: “There’s no question I’m in favor of banning fracking.”
Biden has come under scrutiny for his anti-fracking stance and has since said he is not against the practice, but it is unclear how this claim of a change of heart from him would play out in a Biden administration.
Real Clear Energy explained what ending fracking would mean for Americans from coast to coast:
Struggling through such an extraordinary time, where demand and prices have both unexpectedly plummeted, 2020 has been perhaps the most difficult year in the history of the U.S. oil and gas industry. Yet we have no choice but to rebound. Oil and gas meet 65% of America’s energy demand and remain simply irreplaceable at scale. So much so, that a lack of investments in new supply today could easily begin to spike prices in just a few years as demand inevitably rebounds: “$190 Oil? J.P. Morgan Thinks It’s Possible.”In the fracking and shale-era from 2008-2019, for instance, U.S. crude oil production was up 160 percent, and gas increased 70 percent. Fracking now accounts for 80 percent of our oil and gas output and has transformed the U.S. into an energy powerhouse, producing more oil than Saudi Arabia and more gas than Russia.Banning fracking would also make it nearly impossible to export oil and gas. In 2019 alone, the U.S. exported over 3 million b/d of crude oil and increased gas exports by almost 25%. From basically nothing in 2016, the U.S. is now the third largest exporter of liquefied natural gas (LNG), deemed the fastest growing commodity in 2019 – and essential to net-zero goals. This explains why the U.S. Department of Energy projects: “global natural gas consumption increases more than 40 percent between 2018 and 2050.” America’s oil and gas exports mean rising economic prosperity, but perhaps most importantly we can now help meet the desperate needs of energy-poor nations across the world.
Real Clear Energy noted five significant problems with the Biden-Harris energy plan: (1) a direct threat to U.S. national security, (2) morally unjust, (3) works against climate change goals, (4) increase energy prices, and (5) put millions of Americans out of work.
In the battleground state of Pennsylvania alone the impact of fracking is staggering, according to the U.S. Chamber of Commerce’s Global Energy Institute and the Marcellus Shale Coalition.