Winner of PA will likely win the Presidency.
UNEXPECTEDLY:
Biden’s ‘Transition’ From Oil Comment Becomes a Big Fracking Problem in Pennsylvania.
Joe Biden campaigned in Pennsylvania on Saturday and in three separate interviews by local media, was pestered about his comments during the debate about wanting to “transition” from fossil fuels to wind and solar power. He was also pressed very hard about his views on fracking, that he still has trouble answering.
This has become a big big issue in Pennsylvania, a leading energy-producing state with tens of thousands of jobs in the industry.
Biden admitted that he plans to ban fracking on federal lands. He tap danced around goal in an interview with
CBS Philadelphia and tried to soft shoe "transitioning" from gas, oil, coal all of it, to wind and solar, like black-out prone California.
Biden said he would ban fracking, period.
The former vice president was asked whether there would be “any place for fossil fuels, including coal and fracking, in a Biden administration?”
Biden’s response: “No, we would — we would work it out. We would make sure it’s eliminated and no more subsidies for either one of those, either — any fossil fuel.”
It’s a certainty that Biden will name a radical green to run the EPA. They will ban fracking as a first order of business. And the rest of the party will obediently fall in line. They will also phase out the USE of Natural gas, which ends the market that fracking services. Already in CA there are zoning laws that do not have city gas supplied, the homes are all electric, and prone to rolling blackouts due to electricity shortages after the sun goes down and the day time winds slow.
Other times Biden backpedals and claims he will slay the mythical "$40 Billion" in "subsidies."
President Obama asked his U.S. Treasury Department to figure out how much the industry gets in subsidies from fossil-fuel specific tax code provisions. The answer, according to the Treasury: $4.7 billion.
This compares to $15 billion every year in subsidies to the renewable energy industry (mainly to support new wind and solar projects) and $20 billion per year for agricultural subsidies and insurance.
The $4.7B in pales in comparison to the $15 to $20 billion the fossil-fuel industry has to shell out to its competitors and the agricultural sector every year because of the Environmental Protection Agency's renewable fuel standards program. In other words, on the whole, the fossil-fuel industry in this country isn't being subsidized; it's being forced to subsidize others.
And the “transition” from fossil fuels will not go quite as smoothly as Biden is letting on. We are going to see “destruction” on a scale not seen since the replacement of steam with oil and gas. There is going to be nothing orderly about it. Workers will lose their jobs. Companies big and small will disappear.
There will be blackouts, gas shortages, perhaps even heating oil shortages during the winter. It will happen because the government won’t let it happen as a matter of course. They will force the issue, picking and choosing winners and losers. There will be a lot of blood on the floor in corporate America and in the workshops and on the line in American factories. It will not end well for many.
To so cavalierly talk about such a massive shift in our economy without even mentioning a downside is irresponsible.
Pennsylvanians will lose, and lose bigly.